full transcript

From the Ted Talk by Andrew McAfee: What will future jobs look like?

Unscramble the Blue Letters

But over the longer term, if we are mionvg into an eonmcoy that's heavy on technology and light on labor, and we are, then we have to consider some more radical interventions, for example, something like a guaranteed mniimum income. Now, that's probably making some folk in this room uncomfortable, because that idea is associated with the extreme left wing and with fairly radical schemes for rrbniesiitudtg wealth. I did a little bit of research on this notion, and it might calm some folk down to know that the idea of a net guaranteed minimum icomne has been championed by those frothing-at-the-mouth socialists Friedrich Hayek, riacrhd Nixon and mliotn Friedman. And if you find yourself worried that something like a guaranteed income is going to stlfie our drive to succeed and make us kind of complacent, you might be interested to know that social mobility, one of the things we really pride ourselves on in the United States, is now lower than it is in the nrohretn European cruenoits that have these very generous social safety nets. So the economic playbook is actually pretty straightforward.

Open Cloze

But over the longer term, if we are ______ into an _______ that's heavy on technology and light on labor, and we are, then we have to consider some more radical interventions, for example, something like a guaranteed _______ income. Now, that's probably making some folk in this room uncomfortable, because that idea is associated with the extreme left wing and with fairly radical schemes for ______________ wealth. I did a little bit of research on this notion, and it might calm some folk down to know that the idea of a net guaranteed minimum ______ has been championed by those frothing-at-the-mouth socialists Friedrich Hayek, _______ Nixon and ______ Friedman. And if you find yourself worried that something like a guaranteed income is going to ______ our drive to succeed and make us kind of complacent, you might be interested to know that social mobility, one of the things we really pride ourselves on in the United States, is now lower than it is in the ________ European _________ that have these very generous social safety nets. So the economic playbook is actually pretty straightforward.

Solution

  1. income
  2. economy
  3. redistributing
  4. stifle
  5. milton
  6. moving
  7. richard
  8. countries
  9. minimum
  10. northern

Original Text

But over the longer term, if we are moving into an economy that's heavy on technology and light on labor, and we are, then we have to consider some more radical interventions, for example, something like a guaranteed minimum income. Now, that's probably making some folk in this room uncomfortable, because that idea is associated with the extreme left wing and with fairly radical schemes for redistributing wealth. I did a little bit of research on this notion, and it might calm some folk down to know that the idea of a net guaranteed minimum income has been championed by those frothing-at-the-mouth socialists Friedrich Hayek, Richard Nixon and Milton Friedman. And if you find yourself worried that something like a guaranteed income is going to stifle our drive to succeed and make us kind of complacent, you might be interested to know that social mobility, one of the things we really pride ourselves on in the United States, is now lower than it is in the northern European countries that have these very generous social safety nets. So the economic playbook is actually pretty straightforward.

Frequently Occurring Word Combinations

ngrams of length 2

collocation frequency
great news 3
machine age 3
middle class 3
societal challenges 3
economic news 2
economic playbook 2
guaranteed minimum 2
minimum income 2
green shoots 2
tough challenges 2
great point 2

ngrams of length 3

collocation frequency
guaranteed minimum income 2

Important Words

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  30. minimum
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  38. playbook
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  42. redistributing
  43. research
  44. richard
  45. room
  46. safety
  47. schemes
  48. social
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  50. states
  51. stifle
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