When robots rule the world

Synopsis

Cardiff Garcia of Ft Alphaville discusses the impact of technology on employment with Izzy Kaminska. They highlight a significant Divergence in the share of national income going to profits versus labor over the last decade. This trend raises concerns about technology replacing jobs at an unprecedented rate, affecting not only manufacturing but also high-skilled professions. Izzy points out that jobs in journalism and finance are increasingly being taken over by algorithms and high-frequency trading. The medical industry is also experiencing this shift, with diagnostic tools and surgical devices eliminating roles traditionally held by highly educated professionals. The conversation emphasizes the rapid pace of technological advancement and its implications for the future of work.