How to Stop Worrying and Love the Robot Apocalypse (Update)

It’s true that robots (and other smart technologies) will kill many jobs. It may also be true that newer collaborative robots (“cobots”) will totally reinvigorate how work gets done. That, at least, is what the economists are telling us. Should we believe them?
- Duration
- 57m
- Broadcast on
- 18 Nov 2024
- Audio Format
- other
This episode appears to contain dynamically inserted ads. Transcript timestamps may be approximate.
It’s true that robots (and other smart technologies) will kill many jobs. It may also be true that newer collaborative robots (“cobots”) will totally reinvigorate how work gets done. That, at least, is what the economists are telling us. Should we believe them?
- SOURCES:
- David Autor, professor of economics at the Massachusetts Institute of Technology.
- James Rosenman, C.E.O. of Andrus on Hudson senior care community.
- Karen Eggleston, economist at Stanford University.
- Yong Suk Lee, professor of technology, economy, and global affairs at the University of Notre Dame.
- RESOURCES:
- "Robots and Labor in Nursing Homes," by Yong Suk Lee, Toshiaki Iizuka, and Karen Eggleston (NBER Working Paper, 2024).
- "Global Robotics Race: Korea, Singapore and Germany in the Lead," by International Federation of Robotics (2024).
- "Unmet Need for Equipment to Help With Bathing and Toileting Among Older US Adults," by Kenneth Lam, Ying Shi, John Boscardin, and Kenneth E. Covinsky (JAMA Internal Medicine, 2021).
- "Robots and Labor in the Service Sector: Evidence from Nursing Homes," by Karen Eggleston, Yong Suk Lee, and Toshiaki Iizuka (NBER Working Papers, 2021).
- The Work of the Future: Building Better Jobs in an Age of Intelligent Machines, by David Autor, David Mindell, Elisabeth Reynolds, and the MIT Task Force on the Work of the Future (2020).
- "Robots and Jobs: Evidence from US Labor Markets," by Daron Acemoglu and Pascual Restrepo (University of Chicago Press, 2020).
- "The Slowdown in Productivity Growth and Policies That Can Restore It," by Emily Moss, Ryan Nunn, and Jay Shambaugh (The Hamilton Project, 2020).
- "The China Shock: Learning from Labor Market Adjustment to Large Changes in Trade," by David H. Autor, David Dorn, and Gordon H. Hanson (NBER Working Papers, 2016).
- "Deregulation at Heart of Japan's New Robotics Revolution," by Sophie Knight and Kaori Kaneko (Reuters, 2014).
- EXTRAS:
- "What Do People Do All Day?" by Freakonomics Radio (2024).
- "Did China Eat America’s Jobs?" by Freakonomics Radio (2017).
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Preeconomic radio is sponsored by Everpure. Is the value of AI not living up to the promise? The problem is probably your data, not your AI models. When it's scattered across different systems, getting your data AI ready is a challenge. You keep your AI waiting and everything slows down. Everpure unifies your data so you can see it, understand it and control it all from one simple place and get it AI-ready fast. Unlock the true value of your AI at EverpureData.com. Preeconomic radio is sponsored by Southern New Hampshire University. The best investments are the ones you make in yourself and no one knows that better than Southern New Hampshire University. With more than 200 online degree programs, no set class times and low online tuition, Southern New Hampshire University is built to fit your life today and set you up for success tomorrow. Education is an investment, why not make it a smart one? Apply for free at snhu.edu/freakonomics. Freakonomics radio is sponsored by Amica. You know what they say. If you want to go fast, go alone. If you want to go far, go together. So go with Amica and get coverage from a mutual insurer that's built for their customers, one that looks after what's important to you together. Auto, home, life, and more coverage that fits your unique needs, Amica helps you protect what matters most, visit amica.com and get a quote today. Preeconomic radio is sponsored by Mint Mobile. With Mint Mobile's summer sale, all of Mint's plans are $15 per month, even unlimited. The free yourself from Big Wire listen switch to Mint for high-speed data and coverage on the T-Mobile 5G network. To get your new wireless plan for just 15 bucks a month, go to mintmobile.com/freak. That's mintmobile.com/freak. Upfront payment, $45 for three months, $90 for six months, or $180 for 12 months. Plan required, $15 per month equivalent. Taxes and fees extra initial plan term only. Greater than 50 gigabytes may slow when network is busy, includes up to 20 gigabytes hotspot. Capable device required, availability, speed, and coverage varies, see Mint Mobile.com. Hey there, it's Stephen Dubner, and this is a bonus episode of Freakonomics Radio. In 2021, we put out an episode about the future of robots in the workforce. It featured a couple of economists who had been studying how robots, or cobots for collaborative robots, were being used in Japanese nursing homes. Those same economists recently put out a follow-up paper, so we thought we'd replay the original episode with updated facts and figures, and then hear about the new research findings. We've also got some robot news from an American nursing home. So here is the updated episode. It's called How to Stop Worrying and Love the Robot Apocalypse. We might as well start with an economist. No. No. I'm not even a real economist, I just play one at MIT. That's David Otter, he is a real economist. He's been on the show a few times before.
Transcription truncated.
It’s true that robots (and other smart technologies) will kill many jobs. It may also be true that newer collaborative robots (“cobots”) will totally reinvigorate how work gets done. That, at least, is what the economists are telling us. Should we believe them?