UniCredit's Bandholz Sees Robots Boosting Productivity

The video discusses the Federal Reserve's approach to inflation and employment, highlighting the focus on core PCE and the need for rate adjustments. It explores the impact of robotization on productivity, comparing it to historical innovations like the steam engine. The discussion shifts to the consequences of automation, such as increased inequality and job displacement, particularly affecting lower-skilled workers. The video concludes with potential policy solutions, including education reform and redistribution of ownership to address these challenges.

What is the current state of the unemployment rate according to the text?

What measures does the Fed focus on when considering inflation?

What is the core PCE deflator and how does it compare to other inflation measures mentioned?

How does robotization impact productivity and inequality according to the discussion?

What historical context is provided regarding the impact of technological innovations on the workforce?

What are the suggested policy prescriptions to address the challenges posed by robotization?

What distinction is made between redistribution of wealth and redistribution of ownership?