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45:00 // Deep Dive: ATMs, Branch Economics & Service Jobs
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Classroom Contents
The Economics of Work and Technology
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- 1 00:00 // Intro: Economics of Work, Automation & AI
- 2 01:00 // Geoffrey Hinton on AI Breakthroughs & Job Impact
- 3 02:30 // AI in Healthcare: Radiology, Diagnostics & Accuracy
- 4 04:00 // Machines vs Humans: When Algorithms Outperform Experts
- 5 05:00 // Automation Paradox: Tech Advances, Jobs Still Grow
- 6 06:00 // ATMs Case Study: Bank Tellers, Automation & Employment
- 7 08:00 // Industrial Revolution Lessons: Technology & Labor Markets
- 8 09:00 // History of Automation Anxiety: Luddites to Today
- 9 10:00 // Lecture Roadmap: How Tech Shapes the Future of Work
- 10 11:00 // Benign View of Tech: Economists on Growth & Jobs
- 11 12:00 // Skill-Biased Technological Change Explained
- 12 14:00 // Computing Power Explosion: Moore’s Law & Productivity
- 13 16:00 // Rising Skill Premium: Wages, Inequality & Education
- 14 17:00 // Economic Fears of Tech: Disruption vs Opportunity
- 15 18:00 // David Ricardo Revisited: Machinery & Labor Demand
- 16 20:00 // Keynes’ “Technological Unemployment” & Policy Implications
- 17 21:00 // Solow’s Robots Analogy: Humans vs Machines
- 18 22:00 // Policy Responses: Education, Skills & Human Capital
- 19 23:00 // Cracks in the Model: Limits of Skill-Bias Theory
- 20 24:00 // Labor Market Polarization: Hollowing Out the Middle
- 21 26:00 // Fewer Middle-Skill Jobs: Routine Task Automation
- 22 27:00 // Low-Skill Real Wage Declines: Inequality Trends
- 23 28:00 // Rethinking Work: From Jobs to Tasks Framework
- 24 29:00 // Core Insight: Jobs vs Tasks in Automation
- 25 31:00 // Myth-busting: “Will a Robot Take Your Job?”
- 26 33:00 // Work as Tasks: What Actually Gets Automated
- 27 34:00 // Two Forces: Substitution vs Complementarity in Tech
- 28 36:00 // Productivity Effect: Tech Augmenting Human Work
- 29 38:00 // Bigger Pie Effect: GDP Growth & Job Creation
- 30 40:00 // Changing Pie Effect: New Industries & Occupations
- 31 42:00 // Balancing Forces: When Tech Hurts vs Helps Workers
- 32 43:00 // Why Automation Panic Fails: Evidence & Economics
- 33 44:00 // Surviving the Machine Age: Labor’s Resilience
- 34 45:00 // Deep Dive: ATMs, Branch Economics & Service Jobs
- 35 46:00 // Deep Dive: Radiologists, AI Tools & Workflow Change
- 36 48:00 // “Age of Labor”: Why Jobs Persist Despite Automation
- 37 49:00 // Looking Ahead: Will the Balance Shift with AI?
- 38 50:00 // Generative AI & Task Encroachment: White-Collar Risk
- 39 51:00 // Shrinking Human Niche? Unautomated Tasks & Strategy
- 40 52:00 // Conclusion: Future of Work, Open Questions & Q&A
