Chui Says Robot Jobs Apocalypse Predictions Are Overblown

The video discusses the impact of automation, particularly AI, on various professions, including low-wage and high-skill jobs. It highlights the challenges of retraining the workforce for future jobs and draws parallels with historical transitions like the move from farm to factory. The need for significant investments in education and policy to facilitate this transition is emphasized. The video also explores the unpredictability of new occupations emerging due to automation, using examples like professional video gaming.

How does the scale of current automation compare to historical events like the industrial revolution?

• It is not comparable at all.

• It is similar in scale but with new activities.

• It is much smaller in scale.

• It is larger but less impactful.

What is one of the main challenges in adapting the workforce to new job demands due to automation?

• Lack of interest in new jobs.

• Insufficient government funding.

• The difficulty of retraining workers.

• Overabundance of new jobs.

What historical example is given to illustrate successful adaptation to new job demands?

• The rise of the internet.

• The transition from farm to factory work.

• The invention of the steam engine.

• The development of the automobile industry.

What is an example of an unexpected job market that has emerged due to new technologies?

• Traditional farming.

• Television broadcasting.

• Manual labor in factories.

• Professional video gaming.

What percentage of new occupations are generated each year, according to studies?

• 5%

• 0.5%

• 1%

• 2%