Folge 18: Carl Benedikt Frey, will digitization put all of us out of work?

Carl Benedikt Frey of Oxford University is one of the leading economists analyzing the effects of digitization on labor markets. Interviewed by Christoph Keese, Frey elaborates on one of the most controversial issues in the current political debate: Will robots and algorithms put us humans out of work? Or will digital transformation create more jobs than it destroys? Carl Benedikt walks us through empirical data and puts the heated political debate into perspective. He is optimistic about the net employment effects and expects human beings to continue working in the future. But he also predicts significant pain and problems in adaption. Many people will lose their jobs to machines without finding new jobs or equivalent pay. Carl Benedikt makes the argument for wage insurances protectting individuals against tech-driven losses of income.