A Quote by Bill Gross
Accountants, machinists, medical technicians, even software writers that write the software for "machines" are being displaced without upscaled replacement jobs. Retrain, rehire into higher paying and value-added jobs? That may be the political myth of the modern era. There aren't enough of those jobs.
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Accountants, machinists, medical technicians, even software writers that write the software for 'machines' are being displaced without upscaled replacement jobs. Retrain, rehire into higher paying and value-added jobs? That may be the political myth of the modern era. There aren't enough of those jobs.
There are lots of examples of routine, middle-skilled jobs that involve relatively structured tasks, and those are the jobs that are being eliminated the fastest. Those kinds of jobs are easier for our friends in the artificial intelligence community to design robots to handle them. They could be software robots; they could be physical robots.
If you step back and look at technology from every era, it has displaced jobs but also created a lot of jobs.
Trump can bring jobs back, but they will be minimal-wage jobs, not the high-paying jobs of the 1950s.
More and more jobs are applying cutting-edge technologies and now demand deeper knowledge of math and science in positions that most people don't think of as STEM-related, including machinists, electricians, auto techs, medical technicians, plumbers and pipefitters.
The most important thing we can do is to make sure that we are creating jobs in this country. But not just jobs, good paying jobs. Ones that can support a family.
A lot of jobs today are being automated; what happens when you extend that concept to very important areas of society like law enforcement? What happens if you start controlling the behavior of criminals or people in general with software-running machines? Those questions, they look like they're sci-fi but they're not.
The 21st century looks different. It's been very disruptive. It has created a lot of insecurity. We have to adjust to that, because the 21st century has real promise. Now, the higher-paying jobs of this new century are fantastic. The problem is, you have to have some level of higher education, maybe not a four-year degree, but some level of higher education, to get those jobs.
NAFTA means jobs. American jobs, and good paying American jobs. If I
didn't believe that, I wouldn't support this agreement.
Green jobs - those are jobs that feel like new economy jobs; they do require some training.
In order to have middle-income, middle-paying jobs, the kinds of jobs that allow people to get ahead, you have to have higher level of training and skill acquisition and education than ever before.
Offshoring manufacturing jobs left Americans with fewer high-value-added, well-paid jobs, and the U.S. middle class downsized. Ladders of upward mobility were taken down. Income and wealth distributions worsened.
Since the government creates no wealth, it can only transfer the wealth required to hire people. Even if the government creates a million jobs, that is not a net increase in jobs, when the money that pays for those jobs is taken from the private sector, which loses that much ability to create private jobs.
In the past, we've always come up with new jobs for humans to do and so it's always benefitted us, technological progress, but now we're not really creating enough new jobs to replace the jobs that are being automated.
However, writing software without defects is not sufficient. In my experience, it is at least as difficult to write software that is safe - that is, software that behaves reasonably under adverse conditions.
I think our responsibility as political leaders today, is to push our economic leaders to change their investment behavior, to decide new things, and to help workers to change their jobs. And I think the mistake that Donald Trump decided to make is exactly the mistake we made in France and in Europe. Which was to resist to the change in order to protect the old jobs. What we have to protect is people, not jobs. If you want to protect people, you retrain them.
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