# Prof. Nouriel Roubini discusses the impact of technology on the job market

1 Faculty News December 22, 2014>

Excerpt from [Bloomberg](http://www.bloomberg.com/video/foxconn-plans-to-replace-workers-with-machines-roubini-T5XgoIfORvKTimH2KNIj5w.html) -- "In the short run, what's happening is that technological innovation is increasingly capital-intensive, skill-biased and labor saving. So, take the factory of the future... You might have 1000 machines or 1000 robots, one or two workers manning those machines, and a third guy sweeping the floor. And even the guy sweeping the floor right now can be replaced by a Roomba robot who can do it faster and cheaper."

[Watch the video](http://www.bloomberg.com/video/foxconn-plans-to-replace-workers-with-machines-roubini-T5XgoIfORvKTimH2KNIj5w.html)

Additional coverage appeared on [Bloomberg Businessweek](http://www.businessweek.com/videos/2014-12-22/foxconn-plans-to-replace-workers-with-machines-roubini).