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Money Talks from The Economist

Money talks: The robot era is dawning

Money Talks from The Economist

The Economist

Finance & Economics, Business News, Economy, News, Business

4.41.2K Ratings

🗓️ 4 April 2017

⏱️ 16 minutes

🧾️ Download transcript

Summary

As robots grow more nimble, humans look increasingly vulnerable. Are the machines poised to take over? Also: now that Article 50 has been triggered, is Ireland's economy set to be damaged by Brexit? And despite Japan's workforce growing by more than two million, wage gains aren't enough to hit an inflation target of 2%. Why is this? Philip Coggan sits in for Simon Long.

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Transcript

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0:00.0

Calling eco-conscious leaders give your people a benefit that will really electrify their life.

0:05.6

With octopus electric vehicles, your people get an EV through salary sacrifice

0:10.4

and save up to 40% on the cost. Even better, the car, charger and energy are all

0:16.5

included. Plus a load of extras. Let octopus electric vehicles smooth the road

0:21.2

ahead and make your team switch to electric driving as simple as possible.

0:25.6

Head to octopusevo.com to get started today. Hello, I'm Philip Kogan, Buttonwood Columnist at the Economist, sitting in for Simon Long,

0:39.9

and this is Money Talks.

0:42.3

Later in the programme, now that Article 50 has been triggered, is Dublin,

0:46.0

Britain's best friend among the EU27, pushing for the closest possible trading links.

0:51.0

There'd be very high tariff barriers going from Ireland into Britain and that would have a devastating

0:55.6

effect on that particular part of the economy.

0:58.1

And despite Japan's workforce growing by more than 2.2 million, wage gains aren't enough to lift inflation to the Bank of Japan's 2%

1:05.8

target.

1:06.8

80 hours of overtime is considered the so-called Karoshi line, that's the line beyond

1:12.4

which people become vulnerable to death by overwork.

1:16.7

But to start, in the early 20th century the future seemed bright for horse employment.

1:24.7

Within 50 years however, cars and tractors made short work of equine livelihoods.

1:29.8

Some futurists see a cautionary tale for humanity in the fate of the horse.

1:34.1

As robots grow more nimble, humans look increasingly vulnerable.

1:38.2

A new working paper concludes that between 1990 and 2007, each industrial robot added per thousand workers reduced

1:46.3

employment in the US by nearly six workers. I'm joined from our New York office

1:50.9

by senior editor Ryan Avent.

...

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