Howard Marks: Tech automation threatens long-term employment for manual laborers
Howard Marks · 20VC: Bill Gurley and Howard Marks: What Happened In 2020? What Can We Expect Looking Forward to 2021? · Jan 4, 2021 · at 13:55
Howard Marks, co-founder of Oaktree Capital Management, discusses the structural labor impact of software and venture capital automation with tech investor Bill Gurley on 20VC.
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“Longer term, I worry about employment, mainly because of the stuff Bill does. You know, his companies are replacing labor with computing power, to over-exaggerate. I worry about where people whose main asset is a strong back are going to get jobs in the longer term future.”
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