Shiller and Siegel Discuss the Effects of Robotics and AI on Income Distribution and Jobs

Published by , March 13, 2017 12:09 pm

(Wharton.Edu Nobel Laureate Robert Shiller of Yale and Wharton finance professor Jeremy Siegel recently discussed the income distribution gap in a podcast and offered possible solutions. Shiller also noted that one of the big challenges to future income levels may be artificial intelligence and robots, and he suggested ideas on how to prepare for that eventuality. Shiller stresses that we need to invest more in all levels of education for the bright people and for the people who have fallen behind, and the people who need retraining.
The discussion is in the context of the World Economic Forum focus on income inequality as the most challenging problem the world faces today. In the wake of political upheaval in the U.S. and Europe from voters hurt by globalization, there is more intense interest in creating a less polarized distribution. Shiller of Yale and Wharton finance professor Jeremy Siegel discuss how the income distribution gap became so wide. Shiller also notes that one of the big challenges to future income levels may be artificial intelligence and robots, and he suggests some ideas on how to prepare for that eventuality.

Tags: , , ,