Economy TED

Link to the TED website: http://www.ted.com/
Worth a few good hours watching TED talks! Economist Andrew McAfee suggests that, yes, probably, droids will take our jobs -- or at least the kinds of jobs we know now. In this far-seeing talk, he thinks through what future jobs might look like, and how to educate coming generations to hold them. Robert Neuwirth spent four years among the chaotic stalls of street markets, talking to pushcart hawkers and gray marketers, to study the remarkable "System D," the world's unlicensed economic network. Responsible for some 1.8 billion jobs, it's an economy of underappreciated power and scope. There's been an explosion of collaborative consumption -- web-powered sharing of cars, apartments, skills. Rachel Botsman explores the currency that makes systems like Airbnb and Taskrabbit work: trust, influence, and what she calls "reputation capital."

Favorite minute in Andrew Mcafee's TED talk: What will future Jobs look like.

7:20-8:13
...The first one is a College educated professional creative type Manager, Engineer, Doctor, Lawyer, and we are going to call him Ted, he is at the top of the American Middle class.  His counterpart is not College Educated and works as a Laborer, works as a clerk, does low level white collar, blue collar work in the economy, we're going to call that guy Bill.  And if you go back about 50 years, Bill and Ted were leading remarkably similar lives  for example in 1960 they were both very likely to have full time jobs, working for at least 40 hours a week. But as the social researcher Charles Murray has documented as we started to automate the economy in 1960 is when computer started to progressively inject technology and automation and digital stuff into the economy the fortunes of Bill and Ted diverged a lot.... 

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