Pawlenty: Fourth Industrial Revolution on the Way

The video discusses strategies for state economic growth, comparing macroeconomic consistency with job retention. It highlights the 4th Industrial Revolution's impact on job skills, emphasizing the need for education and skill development. The discussion also covers the risks of moral hazard in tax concessions and explores potential regulatory relief under the Trump administration.

What is the primary challenge discussed in balancing macroeconomic consistency with job retention?

• Building infrastructure

• Encouraging competition among states

• Maintaining a stable tax code

• Saving jobs when companies threaten to leave

What is a key factor in accessing jobs in the 4th Industrial Revolution?

• Increasing automation

• Skill development and education

• Lowering business taxes

• Reducing energy costs

Which types of jobs are being disrupted by AI and automation according to the discussion?

• Neither blue-collar nor white-collar jobs

• Both blue-collar and some white-collar jobs

• Only white-collar jobs

• Only blue-collar jobs

What potential risk is associated with companies demanding tax concessions?

• Increased competition among states

• Moral hazard of threatening to move jobs

• Reduced infrastructure investment

• Higher business costs

What aspect of the Trump administration's policy is still unclear according to the discussion?

• The details of NAFTA amendments

• The number of jobs saved in Indiana

• The impact of regulatory relief on manufacturers

• The exact amount of tax cuts