Forward Thinking on pandemic paradoxes, labor market myths, and ‘cowboy capitalism’ with David Autor

In this episode of the McKinsey Global Institute’s Forward Thinking podcast, Michael Chui talks with David Autor, Ford Professor of Economics at the Massachusetts Institute of Technology. Autor talks about the paradoxes created for labor markets by the pandemic, the effect of trade globalization, the rise of China as a world economic power, and the economic impact of automation. He answers questions including: ● How have labor markets changed as the result of the pandemic, and how might they evolve? ● How has the globalization of trade affected the US labor market? ● What could have been done, and should be done now, to mitigate localized negative effects of trade shocks? ● Does ‘cowboy capitalism’ give us higher growth? ● What’s the most surprising thing you’ve learned during the pandemic? This conversation was recorded in February 2022. To read a transcript of this episode, visit: https://mck.co/DavidAutor Follow @McKinsey_MGI on Twitter and the McKinsey Global Institute on LinkedIn for more.See www.mckinsey.com/privacy-policy for privacy information