A Quote by Ro Khanna
I think automation will eliminate certain types of jobs - lower income, lower-skilled jobs in manufacturing. But nobody knows whether it's going to change the job basket of the 21st century, or be net positive, or net negative.
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Here's why I think the public service jobs are almost unavoidable: When we have downturns in the economy - and we will, for we haven't repealed the business cycle - unemployment will build, yet we no longer have any safety net. What are we going to do? Unless we decide to pull out all the stops and lower interest rates immediately and risk turning a recession into wild inflation, we're going to have to figure out some way of providing some more, not job security, but employment security.
The average net worth of the lower half of the distribution, representing 62 million households, was $11,000 in 2013. About one-fourth of these families reported zero wealth or negative net worth, and a significant fraction of those said they were "underwater" on their home mortgages, owing more than the value of the home. This $11,000 average is 50 percent lower than the average wealth of the lower half of families in 1989, adjusted for inflation.
The rich survive and everyone else gets ready to work 2 1/2 to 3 1/2 jobs and what do you get? Blade Runner. Welcome to your science fiction. Your 21st century. I think that's where it goes. The rich get richer and everyone else... the middle class kind of starts dropping lower and lower.
Our economy creates and loses jobs every quarter in the millions. But of the net new jobs, the jobs come from small businesses: both small businesses on Main Street and many of the net new jobs come from high growth, high impact businesses that are located all across the country.
As more workers lose manufacturing jobs as companies cut back, some are being forced into lower-paying retail jobs. But they still have union cards in their wallets.
One of the dangers about net-net investing is that if you buy a net-net that begins to lose money your net-net goes down and your capacity to be able to make a profit becomes less secure. So the trick is not necessarily to predict what the earnings are going to be but to have a clear conviction that the company isn't going bust and that your margin of safety will remain intact over time.
I don't think that artificial intelligence means doomsday, and I think many new jobs will be created, too. However, it is becoming increasingly unlikely that these new types of jobs will favor low-income demographics. We need to address the needs of those who will be left out of the new job market.
Software substitution, whether it's for drivers or waiters or nurses ... it's progressing. ... Technology over time will reduce demand for jobs, particularly at the lower end of skill set. ... 20 years from now, labor demand for lots of skill sets will be substantially lower. I don’t think people have that in their mental model.
People's jobs are the biggest asset that they have. The net present value of your job is worth more than your house or your stock portfolio. As people decide whether they're going to buy a car, they're more concerned about whether they have a job and are likely to have a job next year.
Blacks can get into medical school with a lower grade ... If that's true, a Jew should be able to play basketball with a lower net.
I want to get the economy going again. It's not just enough about what we're against, as important as that is. I have a plan to create new jobs, manufacturing, infrastructure, clean energy jobs that will make us the 21st century clean energy super power. I also want to make sure small businesses can start and grow again.
A cumulative change of less than 2°C by the end of this century will do no net harm. It will actually do net good [...] rainfall will increase slightly, growing seasons will lengthen, Greenland's ice cap will melt only very slowly, and so on.
For years, I have worked diligently to develop and implement a 21st century manufacturing strategy that will create jobs in the new clean energy economy.
By 2018, automation is going to be in full swing in the United States and around the world. There are estimates that it could replace 50 percent of our jobs. That is an enormous shift. But even if we go through a phase where we have an unemployment valley from automation, there will be new jobs and new things for us to do.
The typical jobs that a lower-skilled immigration worker might do might be construction work, it might be hospitality work, it might be restaurant work, or might be not working at all and just going onto the welfare system if there isn't a job for that individual.
President Bush said that American workers will need new skills to get the new jobs in the 21st century. Some of the skills they're going to need are Spanish, Chinese, Korean, because that's where the jobs went. Who better than Bush as an example of what can happen when you take a job without any training.
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