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Why economists and futurists disagree about the future of the labor market. Subscribe to our channel! http://goo.gl/0bsAjO Sources: https://economics.mit.edu/files/11563 https://www.aeaweb.org/full_issue.php?doi=10.1257/jep.29.3#page=33 http://voxeu.org/article/how-computer-automation-affects-occupations https://www.opensocietyfoundations.org/sites/default/files/future-work-lit-review-20150428.pdf https://obamawhitehouse.archives.gov/sites/whitehouse.gov/files/documents/Artificial-Intelligence-Automation-Economy.PDF https://www.vox.com/2015/7/27/9038829/automation-myth https://www.amazon.com/dp/B00PWX7RPG/ref=dp-kindle-redirect https://www.amazon.com/Second-Machine-Age-Prosperity-Technologies-ebook/dp/B00D97HPQI/ref=sr_1_1 https://www.amazon.com/New-Division-Labor-Computers-Creating/dp/0691124027/ref=sr_1_1? https://www.oxfordmartin.ox.ac.uk/downloads/academic/The_Future_of_Employment.pdf Clips: https://www.youtube.com/watch?v=VTlV0Y5yAww https://www.youtube.com/watch?v=_luhn7TLfWU https://www.youtube.com/watch?v=rVlhMGQgDkY https://www.youtube.com/watch?v=rCoFKUJ_8Yo https://www.youtube.com/watch?v=yeyn9zzrC84 https://www.youtube.com/watch?v=7Pq-S557XQU https://www.youtube.com/watch?v=WSKi8HfcxEk /// Recent advancements in artificial intelligence and robotics have commentators worrying about the coming obsolescence of the human worker. Some in Silicon Valley are even calling for a basic minimum income provided by the government for everyone, under the assumption that work will become scarce. But many economists are skeptical of these claims, because the notion that the the economy offers a fixed amount of work has been debunked time and time again over the centuries and current economic data show no signs of a productivity boom. Fortunately, we don't need to divine the future of the labor market in order to prepare for it. /// Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com to get up to speed on everything from Kurdistan to the Kim Kardashian app. Check out our full video catalog: http://goo.gl/IZONyE Follow Vox on Twitter: http://goo.gl/XFrZ5H Or on Facebook: http://goo.gl/U2g06o