Summarize Spoken Text
Instruction:
You will hear a short lecture. Write a summary for a fellow student who was not present at the lecture. You should write 50-70 words.
Levels of Trust in America
Transcript
I’m fascinated by the extent to which sharing economy platforms like Uber and Airbnb are getting Americans to trust each other again. Over the last 40 years the level of trust in society has fallen quite dramatically. Less than 1 in 5 Americans under the age of 35 today feel that people are trustworthy in general. But in parallel we’ve developed a heightened level of trust in strangers who we meet through a digital interface.
There’s a generation who has grown up reading Yelp reviews, reading Amazon reviews, making their consumption choices based on what strangers on digital platforms say. And so someone who we interact with comes accompanied by online reviews, a Facebook and LinkedIn profile and other digital cues, seems to be someone we trust at the level of friends and family.
What excites me about this transition is every time society has created a new basis for trust, it has expanded the economy dramatically. I look forward to seeing, as we trust our Uber drivers more, how this expands the world’s economic activities and the possibilities for trade.
Word count: 0
Answer:
Although the level of trust in society has fallen over the last half-century, people develop a heightened level of trust in strangers who we meet through sharing economy platforms. As a generation who has grown up with social media, someone who we interact with comes accompanied by online social media profile seems to be trustworthy. It can be concluded that this transition enables the economy expanded dramatically. Submit
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