TED: Will automation take away all our jobs? | David Autor

The video explores the paradox of automation, which has not reduced employment but transformed job roles. It introduces the O-ring principle, highlighting the importance of human skills in automated environments, and the never-get-enough principle, explaining how new desires and products create jobs. The challenges of automation, such as job quality and economic mobility, are discussed, emphasizing the role of institutions. Historical examples show successful adaptation to technological change, suggesting optimism for the future.

In what ways does the text argue that automation can lead to new job opportunities?

What are the implications of the differences in how Norway and Saudi Arabia have utilized their wealth from oil?

How does the text describe the current state of job polarization in the labor market?

What historical example does the text provide to illustrate the importance of education in adapting to economic changes?