Dartmouth and MIT economists argue that the speed of automation is excessive, and firms should consider the consequences of automation on their workers. The government should tax automation to slow down its adoption while workers retrain and transition to new jobs. The proceeds of the tax could be used to finance retraining or compensate displaced workers. According to the researchers, automation should not be taxed forever. The government can stop taxing automation approximately 40 years from now, as displaced workers eventually find new jobs or exit the workforce at retirement.

Chinese companies are leading the way in management innovation with their approach to "digitally enhanced directed autonomy" (DEDA). Using digital platforms, Chinese firms are granting employees autonomy at scale, supporting them with technology, and setting clear business objectives. This approach challenges the conventional Western model of management and offers lessons for firms feeling their way through a still-developing era of management. Learn how Chinese companies like Handu Group and SF Express are using DEDA to maximize internal entrepreneurship and respond dynamically to changing consumer demands and market trends.

Researchers in Sweden have discovered that the timing of sounds is crucial for autonomous vehicles to navigate complex social situations and communicate with people in traffic. By analyzing video recordings, they found that the timing and duration of sounds were most important for signaling the bus's intentions. This new approach to sound design is applicable to any autonomous system or robot, and underlines the importance of understanding traffic as a social phenomenon.

Do you ever wonder why prices seem to go up every year? That's called inflation, and it's an important economic concept to understand. Inflation can impact everything from the cost of your groceries to the availability of jobs. While a little bit of inflation is healthy for the economy, too much can cause problems for households and businesses. As a high school student, learning about inflation can help you better understand how the economy works and how it affects your daily life. By understanding inflation, you can make better financial decisions, plan for your future, and even contribute to a healthy economy. Don't be afraid of the term "inflation" – it's a fundamental concept that you can learn and use to your advantage.

Are you interested in self-driving cars and the future of transportation? The London School of Economics (LSE) has published an article exploring the potential role of new forms of digital money in the development of autonomous driving systems. From micropayments to dynamic toll systems, this article offers a thought-provoking analysis of the possibilities and challenges presented by the convergence of AI, programmable money, and transportation technology. Don't miss this insightful read!

Indonesia's switch to digital debit cards for food aid instead of rice bags has led to 81% of poor residents receiving the full amount intended for them, reducing overall poverty rates by 20%. A randomized controlled study led by MIT economists reveals the impact of this change and highlights the advantages of doing rigorous evaluations of antipoverty programs. Learn more about this remarkable story of researchers and governments working together to build a better system for food aid.

Get ready for the future of money! The UK Treasury and Bank of England are exploring the possibility of a digital pound, which could offer a trusted and accessible way to pay in the digital age. While it may use similar technology to cryptocurrencies like Bitcoin, the digital pound would be less volatile and always worth the same as cash. This could lead to a new way of making payments, with varying degrees of privacy for consumers. Don't miss out on this monetary science fiction!

Jaron Lanier, the father of virtual reality, presents a daringly original critique of our digital networks in his book, "Who Owns the Future?". He argues that the concentration of money and power in these networks has led to the recession, endangered privacy, and hollowed out the middle class. Lanier predicts how technology will transform our humanity and offers a path towards a brighter future, proposing an information economy that rewards ordinary people for what they do and share on the web. This provocative and deeply humane book is a must-read for anyone interested in the intersection of technology, economics, and society. Recommended for students of economics, computer science, sociology, and political science, as well as professionals in the tech industry and policymakers interested in the impact of technology on society. The book's exploration of the concentration of money and power in digital networks and its effects on the economy, privacy, and the middle class is relevant to anyone concerned with the future of work and the role of technology in shaping society. Furthermore, Lanier's proposal for an information economy that values the contributions of ordinary people offers a refreshing alternative to the current state of affairs.

Economics is the study of how societies allocate resources, and it's a fascinating field that can lead to a wide variety of career paths. If you're interested in understanding how the world works, and how money and resources are distributed, then a career in economics might be perfect for you! As an economist, you'll be responsible for analyzing data, making predictions, and advising businesses, governments, and other organizations on how to make the best use of their resources. You'll use your analytical skills to identify trends and patterns, and your communication skills to explain your findings to others. One of the most appealing aspects of a career in economics is the wide range of potential specializations. You might focus on macroeconomics, studying the overall performance of national or global economies. Or you might specialize in microeconomics, analyzing the behavior of individual consumers and businesses. Other areas of specialization include international economics, environmental economics, and health economics. To become an economist, you'll need at least a bachelor's degree in economics or a related field. Popular undergraduate programs include economics, finance, and business administration. Many economists also go on to earn advanced degrees, such as a master's or doctorate in economics. In addition to a strong educational background, there are several personal attributes that can be helpful for a career in economics. These include strong analytical skills, excellent communication skills, and the ability to work well under pressure. You should also be comfortable with math and statistics, as these are key tools in the field of economics. Job prospects for economists are generally strong, with many opportunities available in both the public and private sectors. Some notable employers include the World Bank, the International Monetary Fund, and the Federal Reserve. Private sector employers might include consulting firms, financial institutions, and multinational corporations. Overall, a career in economics can be both intellectually stimulating and financially rewarding. If you're interested in understanding how the world works and helping organizations make the most of their resources, then economics might be the perfect field for you!

Economics is the scientific investigation of how human societies utilize limited resources to satisfy their desires and demands. It offers a comprehensive view of how people, corporations, and authorities determine the most efficient methods of generating, exchanging, and consuming products and services to achieve their objectives. One of the most interesting aspects of Economics is the way it applies to real-world scenarios. For example, how the price of a particular good affects consumer behavior, or how international trade agreements can impact economies on a global scale. This makes it a relevant and meaningful subject to study. The field of Economics is constantly evolving, with new research and innovations being produced all the time. For example, the recent Nobel Prize-winning work of Esther Duflo and Abhijit Banerjee in the area of development economics, which looks at ways to alleviate poverty and improve the lives of people in developing countries. The work of Paul Krugman in international trade and Joseph Stiglitz in information economics are also important contributions to the field. At the undergraduate level, typical majors in Economics include microeconomics, macroeconomics, econometrics, and international economics. These modules provide students with a foundation in economic theory, statistical analysis, and problem-solving. From there, students can specialize in areas such as financial economics, environmental economics, or public policy. A degree in Economics can lead to a wide range of careers in various industries. Some examples of potential jobs include financial analyst, market research analyst, economist, data analyst, and policy analyst. Notable employers in this field include the World Bank, International Monetary Fund, and Federal Reserve. Additionally, many private companies such as Amazon and Google hire economists to help with business strategy and analysis. To succeed in Economics, it is helpful to have strong analytical and problem-solving skills, as well as an interest in current events and trends. Students who enjoy math and data analysis will also find this subject rewarding.

In the next 20 years, the world will undergo significant changes, and it's essential to understand the academic concepts that will shape our future. The transcript highlights some of the key concepts, including the rise of Africa's economy, China's growing influence, the impact of AI on Europe's financial services, and the increasing value of data. Understanding these concepts will not only help you stay informed but also provide you with practical benefits. For instance, learning about the rise of solar panels could inspire you to explore renewable energy sources, while understanding the value of data could help you develop skills in data analysis. By exploring these concepts through reading, reflection, and self-directed projects, you can become an independent learner who is well-equipped to navigate the changing world.

Are you looking for a dynamic and challenging career that will push you to your limits? If so, then you might want to consider a career in management consulting! Management consulting is a field that is focused on helping companies solve complex problems and improve their overall performance. It's a challenging and exciting career that offers a wide range of opportunities for growth and development. Management consulting is a diverse field that encompasses a wide range of specialties. Some of the most common areas of focus include strategy, operations, technology, and human resources. Management consultants work with clients across a wide range of industries, including healthcare, finance, technology, and more. As a management consultant, your duties will vary depending on your area of focus. Some of the most common tasks include conducting research, analyzing data, developing strategic plans, and advising clients on best practices. You'll need to be comfortable working in a fast-paced environment, and you'll need to have strong analytical and problem-solving skills. To become a management consultant, you'll need to have a bachelor's degree in a relevant field, such as business, economics, or engineering. Some of the most popular undergraduate programs for aspiring management consultants include business administration, economics, and accounting. Additionally, many management consulting firms prefer to hire candidates with advanced degrees, such as an MBA or a Master's in Management. If you're considering a career in management consulting, there are several key personal attributes that can help you succeed. These include strong communication skills, a passion for problem-solving, and the ability to work well under pressure. You'll also need to be able to work effectively in teams and be comfortable presenting complex information to clients. Job prospects in management consulting are generally strong, and the field is expected to continue growing in the coming years. Some of the most notable employers in the field include McKinsey & Company, Bain & Company, and the Boston Consulting Group. These firms offer exciting opportunities for growth and development, as well as the chance to work with some of the most influential companies in the world.

The Imperial College Business School conducted a study that reveals the wealth gap in the US has grown faster than in Europe, and the primary cause of this phenomenon is the significant increases in stock market prices. The research aims to explore the reasons behind the growing wealth inequality in the US and identify the necessary actions to address it.

Discover the fascinating history of money, from seashells to government debt, and explore the rise of Bitcoin as the digital age's newest solution to the problem of money. Economist Saifedean Ammous argues that Bitcoin's true importance may lie in providing a decentralized, neutral, free-market alternative to national central banks. Dive into this thought-provoking analysis of sound money, economic growth, and international peace, and learn how Bitcoin could shape the future of our monetary system. Recommended for economics students, investors, and anyone interested in the history and future of money. This book offers a comprehensive analysis of the mechanics of Bitcoin and its potential to challenge the global monetary order. The author's exploration of sound money and its benefits to economic growth, innovation, and individual freedom make this book relevant to a wide range of fields of study and professions. Additionally, the book's focus on Bitcoin as a store of value and network for settlement between large financial institutions may be of particular interest to those in the finance industry.

If you're someone who loves numbers, analysis and forecasting, a career in Stock Research might just be the perfect fit for you. Stock Research is a field that involves analyzing and interpreting financial data to help investors make informed decisions about buying or selling stocks. As a Stock Researcher, you'll be responsible for analyzing financial statements, economic trends, and company reports to predict stock market trends. You'll be working closely with stockbrokers and investment bankers to help them make informed investment decisions. One of the most appealing aspects of the role is the ability to work with a wide range of industries and companies. Whether you're interested in technology, healthcare, or energy, there are opportunities to specialize in any area that piques your interest. To become a Stock Researcher, you'll typically need a degree in finance, economics, or accounting. Popular undergraduate programs and majors include Finance, Business Administration, and Accounting. Many Stock Researchers also pursue advanced degrees, such as a Master's in Finance or an MBA. In addition to having a strong foundation in finance and economics, successful Stock Researchers possess a number of personal attributes. These include strong analytical skills, attention to detail, and the ability to work well under pressure. The job prospects for Stock Researchers are quite promising, with many opportunities available in both the public and private sectors. Some notable potential employers include Goldman Sachs, J.P. Morgan, and Morgan Stanley in the United States, as well as Credit Suisse and UBS in Switzerland. In the longer term, the outlook for Stock Research is positive, with the field projected to grow steadily over the next decade. As the global economy continues to expand and evolve, the demand for skilled Stock Researchers will only continue to increase. So if you're looking for a challenging and rewarding career that combines your love of numbers and analysis with the opportunity to work with a wide range of industries and companies, Stock Research might just be the perfect fit for you.

Are you fascinated by the inner workings of the global economy and curious about the trends and patterns that drive financial markets? Do you have a passion for data analysis and critical thinking? If so, a career in economic research might be just the thing for you. Economic researchers use their expertise in statistical analysis and economic theory to analyze complex economic data, identify patterns and trends, and produce insights that inform business decisions, government policy, and investment strategies. They work in a variety of settings, including government agencies, research institutions, consulting firms, financial institutions, and academic institutions. One appealing aspect of economic research is the potential to work on projects that have a real-world impact. For example, a researcher might be involved in analyzing the effects of a proposed policy change on the economy, or in identifying emerging trends in a particular industry. Economic research can also involve fascinating work on topics such as income inequality, global trade, and the intersection of technology and the economy. As an economic researcher, you might work on a wide range of projects, from analyzing consumer behavior to examining the economic impact of a particular industry on a local economy. You could specialize in areas such as international trade, environmental economics, or labor markets. Economic research can also lead to careers in related fields such as data science, finance, and business consulting. To become an economic researcher, you will typically need a strong background in economics, mathematics, and statistics. A degree in economics, mathematics, or a related field is often required, and many economic researchers also have advanced degrees such as a Master's or Ph.D. in economics. Popular undergraduate majors for those interested in pursuing a career in economic research include economics, mathematics, and statistics. Helpful personal attributes for economic researchers include strong analytical skills, attention to detail, and the ability to work independently and as part of a team. Good communication skills are also important, as economic research often involves presenting complex data and insights to non-experts. The job outlook for economic researchers is generally positive, with steady demand for their expertise in a variety of industries. Employers of economic researchers include government agencies such as the Federal Reserve and the Bureau of Labor Statistics, financial institutions such as Goldman Sachs and JPMorgan Chase, and research institutions such as the Brookings Institution and the RAND Corporation.

If you're someone who loves working with numbers, enjoys analyzing data and making informed decisions, then a career as a Financial Analyst might be the perfect fit for you! Financial Analysts are responsible for providing financial guidance to businesses and individuals. They analyze financial data, create reports, and make informed recommendations to help their clients make smart financial decisions. One of the most appealing aspects of this career is the ability to work in a variety of industries, including finance, healthcare, technology, and more. For example, a financial analyst working in the healthcare industry might analyze data to determine the most cost-effective treatments for patients. Typical duties of a Financial Analyst include analyzing financial statements, creating financial models, and preparing reports for clients. They may also specialize in areas such as investment banking, risk management, or corporate finance. To become a Financial Analyst, you typically need a bachelor's degree in finance, accounting, or a related field. Popular undergraduate programs for this career include Finance, Economics, and Business Administration. Helpful personal attributes for a Financial Analyst include strong analytical skills, attention to detail, and the ability to communicate complex financial information in a clear and concise manner. Job prospects for Financial Analysts are strong, with the Bureau of Labor Statistics projecting a 5% growth rate from 2019-2029. There are many attractive potential employers for Financial Analysts, including large financial institutions such as Goldman Sachs and JPMorgan Chase, as well as tech giants like Amazon and Google. In summary, a career as a Financial Analyst offers a wide range of opportunities for those who are passionate about finance and enjoy working with data. With strong job prospects and the ability to work in a variety of industries, it's a career worth exploring further!

Are you interested in a career that requires creativity, strong analytical skills, and a passion for finance? Then you might want to consider a career in hedge fund management. As a hedge fund manager, you will be responsible for managing the investments of a hedge fund. You will be analyzing market trends and developing investment strategies to make the most profitable investments for your clients. Hedge funds are privately-owned investment funds that are managed by a team of professionals. These professionals use their expertise in investing to make profitable investments for their clients. Hedge fund managers have a reputation for being some of the highest-paid professionals in the finance industry. Hedge fund management is an incredibly appealing and meaningful field, as you will be responsible for managing large sums of money for clients who trust your expertise. You will be constantly learning about new investment strategies and will have the opportunity to work with some of the brightest minds in the finance industry. One inspiring example is Ray Dalio, who is the founder of Bridgewater Associates, one of the world's largest hedge funds. Dalio started his career as a clerk on the New York Stock Exchange, and now he is one of the most respected investors in the world. Another notable example is Paul Tudor Jones, who is the founder of Tudor Investment Corporation. Jones is known for predicting the 1987 stock market crash and is considered one of the pioneers of the hedge fund industry. As a hedge fund manager, your typical duties will include analyzing market trends, developing investment strategies, making investment decisions, and managing a team of analysts. Hedge fund managers can specialize in different areas, such as equity research, portfolio management, risk management, and quantitative analysis. To become a hedge fund manager, you typically need a bachelor's degree in finance, economics, or a related field. Popular undergraduate programs and majors for this field include finance, economics, mathematics, and engineering. It's also common for hedge fund managers to have a master's degree in business administration (MBA). Helpful personal attributes for this field include strong analytical skills, a passion for finance, excellent communication skills, and the ability to work well under pressure. In terms of job prospects and the longer-term outlook, hedge fund management is a highly competitive field. However, there are many notable and attractive potential employers in both the public and private sectors around the world. These include firms such as Bridgewater Associates, Renaissance Technologies, Citadel, and DE Shaw, among others.

Do you have a passion for technology and innovation? Are you fascinated by the idea of creating robots that can perform complex tasks and interact with humans? If so, then the study of Robotics Programming might be the perfect fit for you! Robotics Programming is a field of study that combines computer science, engineering, and mathematics to create intelligent machines that can perform tasks autonomously. From self-driving cars to industrial robots, the applications of robotics programming are endless. One of the most exciting aspects of Robotics Programming is the constant innovation and research that is taking place in the field. From developing new algorithms to improving the efficiency and safety of robots, there is always something new and exciting happening in this field. Some of the most well-known academic figures in Robotics Programming include Sebastian Thrun, who led the development of Google's self-driving car, and Cynthia Breazeal, who created the first social robot, Kismet. At the undergraduate level, students typically study a range of majors and modules, including computer programming, robotics engineering, and artificial intelligence. As students progress in their studies, they can specialize in areas such as human-robot interaction, machine learning, and control systems. The potential future jobs and roles in Robotics Programming are vast and varied. Graduates can work in industries such as manufacturing, healthcare, and entertainment, designing and programming robots that perform specific tasks. Some of the most notable and attractive potential employers in this field include companies like Amazon Robotics, Boston Dynamics, and Tesla. To succeed in Robotics Programming, students should have a strong foundation in mathematics, computer science, and engineering. They should also have excellent problem-solving skills and be able to think creatively to develop innovative solutions. So, if you're ready to join the exciting world of Robotics Programming, start exploring your options today!

Are you a problem solver? Do you enjoy analyzing data and finding solutions to complex issues? If so, a career in Business Analysis might be perfect for you. Business Analysts work in a variety of industries, from finance to healthcare, and are responsible for helping organizations improve their processes, increase efficiency, and ultimately, their bottom line. They are the bridge between business needs and technology solutions, and play a critical role in ensuring that projects are completed on time and within budget. As a Business Analyst, you'll be responsible for gathering and analyzing data, identifying areas for improvement, and making recommendations to stakeholders. You'll work closely with project managers, developers, and other team members to ensure that projects are completed successfully. There are many areas of specialization within the field of Business Analysis, including data analysis, process improvement, and requirements gathering. Some Business Analysts may also specialize in specific industries, such as healthcare or finance. To become a Business Analyst, you'll typically need a bachelor's degree in a related field, such as business, finance, or computer science. Popular undergraduate programs and majors include Business Administration, Information Systems, and Economics. In addition to formal education, there are several helpful personal attributes that can make you a successful Business Analyst. These include strong analytical skills, the ability to communicate effectively with stakeholders, and a passion for problem-solving. Job prospects for Business Analysts are strong, with the Bureau of Labor Statistics projecting a 14% growth rate for the field between 2018 and 2028. There are many potential employers for Business Analysts, including large corporations, government agencies, and consulting firms. Notable employers include Deloitte, McKinsey & Company, and IBM. In summary, a career in Business Analysis can be both challenging and rewarding. With strong job prospects and a variety of potential specializations, it's a field that's worth exploring if you're interested in using your analytical skills to make a real impact.