Employment

“The narrative about AI destroying jobs is exactly backwards. AI eliminate tasks. AI automates tasks away. But it doesn't necessarily eliminate jobs. And the reason for that is because the job of a person has a purpose, and that purpose has many tasks. Some of …”

“The employment shifts everybody's worried about are actually not going to happen at anywhere near the velocity people think because it's like, you know, a significant, significant percentage of jobs in the US literally are, you know, licensed or unionized or c…”

“So when people make the argument, well, Yes. It will replace these jobs, but it will create more jobs. I go, yeah, except that it can do those new jobs as well.”

“So they'll hire more people and those will be, you'll have new types of jobs. Like we'll have jobs for people just to manage agents and Like, you'll have operations teams.”

“We are products. Like we are engaged in entrepreneurship. We are Basically software as a service, if you want, like, or talent as a service, we are selling a subscription in the form of our you know, employment, we call it, but like, it's actually just like re…”

“So the initial fear was if you introduce capital into this, the employment will reduce, but the learning was actually that, you know, young firms create employment. Not small firms. So the, once you de-reserve many young firms came, many firms came, and then t…”

“It's always easy to see how it shrinks employment. It's very hard to, you know, predict how it's going to grow employment.”

“There's a potential world that was certainly not guaranteed where we find ways to use more human potential and employ more people because each person is made more productive by AI.”

“I think the innovation will drive a lot of a new employment. We will also, you know, have a lot of you know, obsolescence, you know, in, in jobs and even functions and industries and processes, but that's the nature of you know, of a capitalist, you know, free…”

“I personally believe that when we get to herd immunity, And when the number of cases falls, you know, radically, by which I mean, I guess, you know, a few hundred a day or so, I think that we'll have a very good recovery in the economy and in employment.”

“Minimum wage increases put people out of work. Sometimes it's a small number of people. Sometimes it's a large number of people, but I think jobs are very important, and I would look for different ways to raise wages, which we do need to do.”

“When governments recapitalize banks, the recovery and the equity markets and employment tend to happen more quickly than when governments simply buy their bad loans.”