What Coronavirus Means For Automation And The Future Of Jobs

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CNBC

CNBC

3 роки тому

From burger-flipping machines to car-building robots-not to mention high-powered software taking on more and more administrative tasks-it seems like hundreds of skills are rapidly becoming obsolete in the U.S. economy. A recent McKinsey study found that AI and Deep Learning could add as much as $3.5 trillion to $5.8 trillion in annual value for companies. The economic shock of the coronavirus pandemic hasn’t helped. In fact, Covid-19 could be accelerating the pace of automation.
CORRECTION This video misstated Marcus Casey’s title. He's an associate professor of economics at the University of Illinois at Chicago.
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What Coronavirus Means For Automation And The Future Of Jobs

КОМЕНТАРІ: 1 300
@seoulglo1999
@seoulglo1999 3 роки тому
Andrew Yang laughing in the background...
@mukavelli
@mukavelli 3 роки тому
This year the COVID-19 crisis showed us that some jobs that we have created over time are actually artificial and not essential in the economy, they are relevant only in a stable economy, an economy which has a surplus (example from transportation or services, there are so many individuals or small companies that act as an intermediary in the working process for the main companies or for individuals, by offering services mainly for convenience which when the economy goes south they are the first to get shut. Also, we see the food service industry one of the biggest creator of jobs in the economy is oversaturated, restaurants are at a tipping point right now, their future looks even worse when more automation will be implemented. What will happen for example with tourism when someone will decide to 3D map the cities or sites and offer virtual online VR tours? This is a big industry that will lose a lot in economic means.). No one is discussing this when thinking about the future of the labor market and on top of this, they don't take into consideration that the new technology they say it would create adjacent jobs by requiring workforce for development and maintenance will be increasingly automated and will need fewer humans to do them in time. This means that over time the massive job loss is going to happen but not as they expect to happen, it will be a longer process than they think, this is good in part because it will give us more time to adapt but the end is inevitable, unfortunately. And this is why that chart with labor productivity is poorly interpreted, of course is going to decrease in the short to medium term, because people who created those artificial non-essential jobs that I was referring to, they don't actually produce they just move money from one place to another, and a lot of people/firms find themselves in that situation and this trend will steadily increase until will become more noticeable, we will have sectors that will produce in the economy and sectors that will be created just to keep individuals busy with not much economic impact, but that can only work temporary, as this crisis showed us it will. ONE OF THE BIGGEST PROBLEM in modern society is not the economic system itself or capitalism, is the political system because is a slow way to implement change, technology is going forward at an increasing pace that we cannot keep up with, we need something that will allow us to make more rapid changes, a way that will allow us to make decisions and implement policies faster, and that will happen only when we will eliminate the political game from the equation. WE NEED A TECHNOCRATIC SYSTEM that will eliminate all that time lost by playing the game of acquiring and maintaining political power. Wish you a good day!
@musafawundu6718
@musafawundu6718 3 роки тому
As far as tourism is concerned, I believe that there are many persons who are actually willing to visit a particular location in reality if they have the time and resources to afford to do so, rather than just do things virtually. Virtual tourism already in many ways exists as far as Google Maps and Google Earth are concerned. But that does not substitute for the real experience.
@rivalintraining
@rivalintraining 3 роки тому
Gawd damnit they took our jobs
@animefan2454
@animefan2454 3 роки тому
They Derk we Jerbs
@KingCalb
@KingCalb 3 роки тому
Der turk eerr youb!😡
@KingCalb
@KingCalb 3 роки тому
@Mike Airborne shut it up, stick in the mud. We're quoting South Park.
@user-ri9tt2ip4m
@user-ri9tt2ip4m 3 роки тому
@@KingCalb back to the pile!
@AdrenalStorm
@AdrenalStorm 3 роки тому
*Rooster crow*
@ThompterSHunson
@ThompterSHunson 3 роки тому
Machines can't get viruses. -------- _Russian hacker entered the chat._
@Anonymous-oz1xe
@Anonymous-oz1xe 3 роки тому
It's called bio-diversity. Your computer can give you a virus now. Before the Russian hacker THINKS about entering the room. Self defense is natural for A.I. Learned it from it's creator.
@r0a589
@r0a589 3 роки тому
Anonymous 2017 none of that made sense
@Anonymous-oz1xe
@Anonymous-oz1xe 3 роки тому
@@r0a589 Neither did the original comment since things like AVG and Norton are... REAL. Thus the hacker... anyways. Covid is about A.I. control over biology through 5G and 'vaccine'. Once all of humanity is 'vaccinated' there will be no one who can disable or destroy the A.I., it will know if you THINK IT. And it will shut down your kidneys. Or heart. Or lungs. Could do any of these things as sadistically as it wants. It will be the new god of whoever is left and it's safety is assured in numerous ways. Might not be anything you can believe but I hope this made more sense.
@Cage-jx3mo
@Cage-jx3mo 3 роки тому
They can get computer viruses and can get damge when machinee over worked
@nickherer1501
@nickherer1501 3 роки тому
Anonymous 2017 it’s used to concentrate cancerous waves to organs we use to filter out heavy metals that enter our body.
@coreyhulse8226
@coreyhulse8226 3 роки тому
Andrew Yang was right, this is why we need UBI, he was the only politician who was thinking years ahead and planned for something like this. Too bad you guys refused to give him any media attention.
@hexkwondo
@hexkwondo 3 роки тому
UBI is only for wastrels who need handouts. If you really want to work you will find it... even though it won’t necessarily be what you thought you would be doing with your life.
@The_Eldest_Millenial
@The_Eldest_Millenial 3 роки тому
@@hexkwondo Its sad how smart the truly stupid think they are, ROFLMAO. #dunningkreuger basicincometoday.com/secretary-general-of-the-un-new-generation-of-social-protection-is-needed-including-universal-basic-income/
@MrRawrCEO
@MrRawrCEO 3 роки тому
​@Joseph Mainville Nothing is inherently wrong with it. People have just been raised with a "You need to work" mentality and so anything else seems utterly incredulous to them. The problem is that with automation not only will many jobs be taken over by it, but as machinery and computers become advanced it will be utterly foolish to expect people (however skilled) to labor with the same degree of efficiency. Not to mention one person with a computer can already do the same level of work that would take people from several decades past much longer to complete (and likely with less accuracy). Lump that in with our constant population expansion and the rising cost of higher education and you end up with a future where expecting everyone to work for a decent living (especially with our current systems) just isn't feasible in the slightest. Doesn't help that here in the U.S. wealth redistribution is a dirty word, completely ignoring the fact that our entire history is filled with violent wealth redistribution. Hell, even today you'd be hard pressed to find a corporation that isn't balls deep in lobbying for tax breaks and subsidies.
@GrandActionPotential
@GrandActionPotential 3 роки тому
@@hexkwondo Yeah, you are right you can find work, but it will only pay enough to leave you homeless, no retirement income and without medical care. If you're a "van dweller", taking showers once a week in public baths your plan shouldn't be a problem. Keep thinking like a slave and your dreams will be realized.
@kamikeserpentail3778
@kamikeserpentail3778 3 роки тому
@@hexkwondo We'll devour you. The future is inevitable.
@jakdexter2075
@jakdexter2075 3 роки тому
If civilians don’t have money whose gonna buy their stuff 😂
@kamikeserpentail3778
@kamikeserpentail3778 3 роки тому
Why have money? As supply increases and cost of production lowers, cost to buy drops, perhaps approaching nothing. Universal basic income will fuel it further.
@danny0199
@danny0199 3 роки тому
Kamike Serpantail to live and survive
@kamikeserpentail3778
@kamikeserpentail3778 3 роки тому
@@danny0199 When machines are able to manufacture significantly more, and our efficiency increases, costs of everything will go down. People always say nothing is free. But I don't know a single person who pays for air or sunshine
@danny0199
@danny0199 3 роки тому
Kamike Serpantail air and sunshine wtf bad observation, I get what you’re try to say but bad observation. Will you right I could bring down cost, but in order to do that you have to pay more taxes cause in order for that to happen you need a much machines as men and that all be $$$ because machines are not not not cheap
@kamikeserpentail3778
@kamikeserpentail3778 3 роки тому
@@danny0199 I'm sorry your thinking is so dated and narrow. It's not an observation, it's an analogy. Money isn't a thing that exists, it is just a symbol, representing labor and resources. Automation can have a powerful impact on labor, and as populations grow but land and resources do not an increasing wealth disparity was inevitable. Either supplies will increase and costs will drop, or the already rich will hoard and the increasing poor will grow increasingly...violent. You don't need as many machines as men, because a single machine is often capable of doing the job of several men. Machines may not be cheap, but after a good design is found, mass production can lower costs drastically, which will allow them to quickly make up for the costs with their output. Despite what people think, it is the higher level jobs that will be replaced faster, not the lower level ones, because once an AI is sufficient the code can be mass reproduced at little cost, while burger flipping robots still need mechanical parts.
@Indeed48
@Indeed48 3 роки тому
Andrew Yang should've been the Democratic candidate. But people are stupid and never pick the guy who makes the most sense.
@greghelton4668
@greghelton4668 3 роки тому
You bet. Yang really understood these dynamics.
@kamikeserpentail3778
@kamikeserpentail3778 3 роки тому
Our system is stupid, and doesn't allow us an actual choice. We need some kind of ranked voting, the current system enforces a two party war.
@greghelton4668
@greghelton4668 3 роки тому
Kamike Serpantail to an extent I agree but Obama found a way to circumvent system as did Trump. It takes everybody to change things and I did my part to promote Yang. You should too..
@kamikeserpentail3778
@kamikeserpentail3778 3 роки тому
@@greghelton4668 My part is to make people angry that voting doesn't matter. And to encourage them to desire changes that make it matter. Last election I had 4 options. Vote Trump, who seemed like a terrible choice. Vote Hillary, who seemed like a terrible choice, but at least wasn't Trump. Abstain from voting. Or vote for someone I actually wanted, who I knew wouldn't win and would be effectively the same as not voting. Being forced into such strategic voting, such binary choices, is why we don't actually have a say. Even more so when Hillary won the popular vote, yet still lost the election. The electoral college is a dated system from a time where citizens could not instantly look up masses of data on a candidate through the internet.
@greghelton4668
@greghelton4668 3 роки тому
Kamike Serpantail I would have voted for Yang but the party chose Biden, who once again is the lessor evil. I don’t know if you studied Yang but I hope you do and promote him. He understands not only what America faces but the world as well.
@Travisharger
@Travisharger 3 роки тому
People don’t realize all the small ways that automation/software/tech reduce the number of jobs. I work in the film/commercial industry and there are so many things that used to take much more time to accomplish in editing that can be done so simply now. My job might exist but the truth is that the amount of editors and editing hours to accomplish the same tasks is constantly being reduced. Not to mention the skill required to do many things drops and therefore the job may exist but it might not pay the same in the future.
@money58610
@money58610 3 роки тому
My mother’s job was automated in 2019 and she saw hundreds of jobs disappeare at congra brands from robotics. Am a electrical technician and trust me I seen this happen for thousands. This is going to get worse
@janigirl2296
@janigirl2296 3 роки тому
😔
@cyphi1
@cyphi1 2 роки тому
Most IT jobs are being automated too. There's no limits to automation...time is the only factor.
@Embargoman
@Embargoman 2 роки тому
That is true and everyone’s job is going to the same phase, the $15 per hour minimum wage raise equals to more automation, to say you work for a motorcycle company and your making motorcycles and that company turns out to be Harley-Davidson, then their decision to promise their American costumers to buy motorcycles that are made in the USA, but Harley might choose to import motorcycles from Thailand to save paying their workers $15 per hour minimum wage and what will be for customer demand then Harley-Davidson will set up a state of the art facility or update one of their American factories for US customers to buy Harley-Davidson motorcycles that are made in the USA, then the machines will do all the work that human beings did, then your job will be eliminated by a machine making someone’s motorcycle. Then what will happen is that one factory invest on state of the art machines with AI and do all the work of what human beings do then HD will shut down the US factories that are out dated and make everything that is state of the art done by machines with only one employer operating the machines that make the motorcycles and your job is gone and been replaced by a robot. This means US Harley-Davidson costumers will get their motorcycles to be made by machines and without notice an American Harley-Davidson costumer will no know that his or her motorcycle is made by a machine in the USA. That is how the $15 per hour minimum raise wage work is to keep manufacturing jobs in America they prefer to replace people with machines to cut the cost to keep made in the USA. That will Harley-Davidson will do next is to replace American workers with machines so their motorbikes to be made in the USA and automation will be very suitable for them in a $15 per hour US economy instead of of importing their products from Thailand.
@money58610
@money58610 2 роки тому
Funny that after I commented on this COVID happened oops too late 🥲😅
@Embargoman
@Embargoman 2 роки тому
@@money58610 Then your Harley-Davidson is made in Thailand!
@DjFerg304
@DjFerg304 3 роки тому
This started back in the late 80's early 90's... the jobs that couldn't be automated at the time was shipped over seas.
@Mrbfgray
@Mrbfgray 3 роки тому
It started several centuries ago, remember the Luddites?
@cuddlemuffin.9545
@cuddlemuffin.9545 2 роки тому
Thanks Bush & Obama
@1Blastarr
@1Blastarr 3 роки тому
You can eliminate all of that but, who's going to have enough money to buy your crap?
@victorj7696
@victorj7696 3 роки тому
@@searchfluoridemakesyoustup5883 Galaxy level brain
@couchcommandoiv5528
@couchcommandoiv5528 3 роки тому
@@searchfluoridemakesyoustup5883 189 IQ
@couchcommandoiv5528
@couchcommandoiv5528 3 роки тому
@@searchfluoridemakesyoustup5883 thats what youtube and other how to videos do. Anyone can be a specialist in most fields by doing hard research on their own, colleges are becoming obsolete and that terrifies the chrony admins that put our young people in useless debt
@khnopff71
@khnopff71 3 роки тому
@@searchfluoridemakesyoustup5883 Robots aren't free in and of themselves. Also, the people who own the big, major collection of robots will want the most money for their investment and will have the means to get it. Think about someone using a single video card to crypto-mine while someone in Iceland is using hundreds. The very fact you think you are earning money using that video card (which requires electricity, a place to house it, a connection to the internet, and your costs start rising exponentially compared to crypto-farms) when you are probably spending more to make that 'coin' (which has no value and can actually become close to worthless sooner than you think, making you even poorer than you were when you started) shows me how little you understand how technology actually works in the real world. Whatever your little robot can do on a small scale, another robot, or a mass of them, can do on a big scale and under-fish all of your effort that you think you are making. I say underfish because imagine a person in a single fishing boat with a single line, trying to catch a fish. Suddenly, a great big bottom trawler comes along, scoops up everything on the bottom and in the middle. There is nothing left for the top layer to feed on now, meaning the top layer swims away to find another sustainable layer to survive in. And you sit there in your boat, trying to catch a fish that isn't there anymore, or too small enough for you to sustain yourself on compared to the effort you are making. Now, instead of one little fishing boat, you have a thousand little fishing boats. Your meager little catch just became that much smaller and disappears even quicker. You make the false assumption that things will stay as they are now as more people get robots. That's not how its going to work. Who got mobile phones first: the ultra=wealthy and the technologically advanced (ie wealthy still.) The rest of us only got them much later, when technology made them cheaper, and the wealthy are still getting the better, more advanced versions as we speak. By the time you get a robot to make money for you, the rich will have the best version making the most money for them, leaving you the scraps. And with the way technology is going, you might not even be rich enough to own a robot, leasing it from someone else to make your money. And if you're leasing, you are definitely not the one making the money, just enough to allow you to survive, if that, allowing the company to sell that lease to someone else when you die. Great, some person scraping around dirt in a slum can now afford the first Apple iPhone. Meanwhile, Joe Money is rocking the Apple eTernity 9 with 4k pixel resolution and advanced A.I. algorithms that helps them find the quickest route through your slum, making them save $.25 just from that detour. Meanwhile, you're looking out of your hovel unable to see the billions of coins flying past you, wondering why your phone isn't making you money the way it's making money for them. But as you slowly starve to death, at least the warm glow of your original iPhone will keep you company, at least until the battery dies, just before you do.
@spiritanimal7516
@spiritanimal7516 3 роки тому
The high skilled people that have jobs will.
@RR-gw2uj
@RR-gw2uj 3 роки тому
Robots don't get viruses Windows Computers: 😳
@enriquemercedes9519
@enriquemercedes9519 3 роки тому
Imagine hackers just shutting down a companies automated systems. Companies could lose millions.
@brehbreh1067
@brehbreh1067 3 роки тому
@@enriquemercedes9519 and they could spend hundreds of thousands in hiring hackers to fight the other hackers.
@gabrieljordan8015
@gabrieljordan8015 3 роки тому
This is why I was hoping to see Andrew Yang to become the Democratic runner since Universal Basic Income might become inevitable as A.I. continues to grow.
@rogerwolf3588
@rogerwolf3588 3 роки тому
Gabriel Jordan dancin
@eg14000
@eg14000 3 роки тому
might?
@David-un4cs
@David-un4cs 3 роки тому
Realistically, in America at least, UBI will be implemented reactively AFTER things have already gotten bad for a lot of people. America is not proactive about anything, but certainly not about helping everyday people.
@jerrypeukert5732
@jerrypeukert5732 3 роки тому
@@David-un4cs Yes because government has the propensity for evil, so we like to keep its powers limited.
@jerrypeukert5732
@jerrypeukert5732 3 роки тому
@Xadion You are right about that, I do believe people will be screwed either way unfortunately.
@theylive2749
@theylive2749 3 роки тому
“Automation will accelerate the already widening economic inequality around the world," -Stephen Hawking
@scuddyleblanc5119
@scuddyleblanc5119 3 роки тому
Its better to learn how to design or manufacture the automation equipment than to have the jobs that automation will replace. Minimum wage jobs are the easiest to automate. Higher minimum wages increases automation.
@redbean9410
@redbean9410 3 роки тому
it will also make goods a whole lot cheaper
@steveishere8808
@steveishere8808 3 роки тому
Red Bean So... it’s a lose-win situation?
@scuddyleblanc5119
@scuddyleblanc5119 3 роки тому
@@steveishere8808 - Goods will be cheaper for the poor, as well. First time job seekers will just need different skills.
@peggygreeby5065
@peggygreeby5065 3 роки тому
@@redbean9410 but if everybody's been replaced by machines, who's gonna buy the product?
@sheepwool7998
@sheepwool7998 3 роки тому
I guess we'll have to protect everyone with the last name Conner.
@Conner100
@Conner100 3 роки тому
What about the first name Conner 😀
@Gr33kChief
@Gr33kChief 3 роки тому
dibs on going back and ugh "Saving" sarah connor 😎
@DirtyInvestor87
@DirtyInvestor87 3 роки тому
I keep tellin people masterbation is tha key
@Gr33kChief
@Gr33kChief 3 роки тому
@@Dirt-biker you forgot to say please
@kamikeserpentail3778
@kamikeserpentail3778 3 роки тому
Yeah but the real deal is going to play out significantly differently. For one, some of us are on the side of the machines.
@SpookyFubuki
@SpookyFubuki 3 роки тому
I just finished my degree in civil engineering and even my job might go, there are so many programs and stuff that basically take care of a lot of work that engineers used to do, I wouldn't be surprised if they automate away the STEM jobs soon too. The issue is at some point capitalism is going to collapse if it continues this path, when they eliminate these jobs they are also eliminating demand for the economy, if you dont have a job you can't buy goods and stimulate the economy and so on. They can say just retrain and relearn into IT and so on but that could just saturate that job market and make those wages lower, and I wouldn't be surprised if automation comes for those jobs too one day. So we will have to do something like UBI at some point if we continue down the automation path to its conclusion, or even maybe the system will collapse under its own weight before we get to that point.
@liusgonzales875
@liusgonzales875 3 роки тому
Well, robots don't pay income so the revenue of the state
@tommy07robs
@tommy07robs 3 роки тому
100% I work as a data analyst and I'm designing a tool that'll make the need for me to be much less lol
@peggygreeby5065
@peggygreeby5065 3 роки тому
Man making himself obsolete. Perfect.
@usefulidiot7885
@usefulidiot7885 3 роки тому
I think there was a twilight zone episode or two about that and one called the obsolescent man
@OBZRV82
@OBZRV82 3 роки тому
That's why I'm learning a trade. I'm doing plumbing I have a cousin who an electrician and my nephew is a carpenter. We all ways recommend each other for job assignments. From luxury homes🏘 to corporate buildings🏢. I'm not an alumni, I don't own a private jet, I never had to go through some ritualistic homoerotic hazing to be part of some elitist sorority. Nor do I owe $800,000 in loans. I'm just a 38yr old bachelor turning my dough into bread. Im also trying really hard not to knock up some of these chicks that only know 2Pac because that movie 🤨 and not for his music. Or are to young to remember the 911 attacks 🙄. Lord have mercy..🙏🏿
@scuddyleblanc5119
@scuddyleblanc5119 3 роки тому
Every time someone raises the minimum wage, it makes automation more cost effective. There are probably some inventions waiting to become economically feasible. Minimum wage jobs are the easiest jobs to automate.
@dekippiesip
@dekippiesip Рік тому
I think it's actually the medium skilled, but repetitive jobs, that truly are the easiest to automate. The lowest tier jobs often involve movements and fine motor skills robots are bad at. Medium skilled jobs, like building a car in a factory, are much more easy to automate though more difficult to learn than certain jobs that are harder to automate. Robots thrive at jobs where a clear algorithm exists that can execute the job precisely. Anything involving social interactions or highly context dependent movements are much harder to automate.
@silasdietrich7464
@silasdietrich7464 3 роки тому
The rise of the Computer Scientists & Engineers MWAHAHAHA! “Most people don't believe something can happen until it already has. That's not stupidity or weakness, that's just human nature.” - Max Brooks
@cyphi1
@cyphi1 2 роки тому
Those jobs get automated too. Especially jobs for specialized platforms.
@Zapp33311
@Zapp33311 3 роки тому
I tell people about this and they know it’s coming but they shrug it off like it’s of no concern. More than ever I feel like I don’t belong to this world.
@pancakes3250
@pancakes3250 3 роки тому
Strange reply what do you mean?
@johnpossum556
@johnpossum556 3 роки тому
You gotta adapt. This video shows you should get some IT training. All of life is about how well you can adapt.
@Zapp33311
@Zapp33311 3 роки тому
Pancakes I mean I don’t understand how so many don’t see the possible consequences of an economy being fully automated which will only increase. All these people are going to compete for the few jobs that aren’t automated? This video is to sugar coat it to say there’s nothing to worry about or they wouldn’t be a need to make it.
@willidilly6576
@willidilly6576 3 роки тому
So you belong on mars?
@bjorn7427
@bjorn7427 3 роки тому
@@johnpossum556 true. But did you know that they also developing an AI that can code?
@JB-kx9bx
@JB-kx9bx 3 роки тому
As long as the US has paranoia about "socialism" it won't handle automation very well. More likely well subject people to debt and wage servitude.
@jimpad5608
@jimpad5608 3 роки тому
You are correct - Americans would rather starve than practice "socialism" (except for SSA, etc)
@SpaceRaptor510
@SpaceRaptor510 3 роки тому
I hope america suffers it deserves it
3 роки тому
socialism worked well for CASTRO he died with a 250 MILLION DOLLAR NET WORTH as Cubans live on rations! U FCN DUMB CKKSKKRZ are the problem!
@z-form2559
@z-form2559 3 роки тому
Zeke Housley What did we ever do?
@sonofben3322
@sonofben3322 3 роки тому
@Z-Form we love bombs and we’re nosy af
@alpha9526
@alpha9526 3 роки тому
Automation has already taken jobs. I worked for General Motors in the 1990’s and early 2000’s. I was there 9 years. When I started the plant had 9800 workers, when I left it had 2300. All those jobs lost were from automation. The old presses were taken out and shipped to Mexico where labor cost are next to nothing. Modern robot cells and modern progressive presses were put in and less workers were needed. Same old story in every manufacturing area I worked.
@Helix535
@Helix535 3 роки тому
"if you lose your job, we'll retrain you" sounds a bit too much like "when it's raining and the tree your standing under starts to drip water on you, simply run to a different tree." I know not all jobs will be automated immediately, but there is no such thing as an economy that has infinite need for human labor. Especially when said economy is already heavily automating jobs.
@jeebs621
@jeebs621 3 роки тому
Hmmm seems like Yang was running on some pretty great policies.
@joshreddy4278
@joshreddy4278 3 роки тому
jeebs621 , true
@unkleturpis9253
@unkleturpis9253 3 роки тому
What I love about this is the single, arbitrary problem in all of this is money. Point being "arbitrary".
@TradingFeline
@TradingFeline 3 роки тому
Damn only if we had a presidential candidate who was already talking about this for years.
@armitylekhona585
@armitylekhona585 3 роки тому
Trump and Yang
@gian19791
@gian19791 3 роки тому
Basically you have to go to college in order to compete for work and even that is not enough
@starrynight1165
@starrynight1165 3 роки тому
Make college free
@tankriley2712
@tankriley2712 3 роки тому
Start your own businesd
@redgeneral5792
@redgeneral5792 3 роки тому
College is a scam, especially if you're thinking about getting into software development. If you really need that education, either coding bootcamp or community college will suffice which are vastly cheaper than a 4-year university. You can also just self-teach yourself via the Internet and experiment with some programming languages. Bottom line employers nowadays want to see your portfolio and see what you did, your proof to back up your claims.
@MinimalistBosnian
@MinimalistBosnian 3 роки тому
I work in food delivery 60 hours a week and take home about 40k a year at age 22 and I’ve got friends who went to college and are in massive debt, living with their parents and no career. College can be the biggest scam and people think it’s the only way to make money and have a career. It’s not, but if you want to go to college go ahead. I want to get a certification in something I love to do in the future but I’m not putting myself in crippling debt to live this false American dream.
@MinimalistBosnian
@MinimalistBosnian 3 роки тому
matthew gonano drums Homie I’m not saying college is useless but some college majors can’t really get you a good earning job. My plan is to bust my ass working 60 hours for now and then save all of my money and get a certification or an associates degree to become a paramedic, an EMT or something to do with helping people. I’m not wasting my whole life doing it. Kinda of sad you took my message and twisted it when I shared my experience making plenty of money when I have friends 50k+ in debt and they’re working for $10 an hour not able to make any move because they couldn’t afford to finish their degree due to the economy, the corona and not being able to get more loans. My plan is to pay for my education in full. Hopefully by the time I’m 25.
@liversuccess1420
@liversuccess1420 3 роки тому
Automation will be the ultimate downfall of the U.S. consumer economy and therefore, a huge portion of the world economy. If you don't have a robust middle class, you don't have a consumer base, and you don't have a middle class if there isn't a robust job market. I truly do feel sorry for people with kids. Those kids have a grim future when you factor in climate change, the rise of China, the growing disparity between rich and poor, the plummeting quality of U.S. education...
@AxelQC
@AxelQC 3 роки тому
Self-driving cars are going to eliminate a lot of jobs: taxis, bus drivers, truck drivers, uber, etc. That alone accounts for over 7 million jobs.
@valentincavazzos4420
@valentincavazzos4420 3 роки тому
Well hope this doesn't happen
@fuccckckkkkckkck
@fuccckckkkkckkck 3 роки тому
Its gonna happen in the next 5 to 10 years. At this point just invest in them and hope whatever profits you make in the stock market from this can be used as a safety cushion
@motherfxckendj19
@motherfxckendj19 3 роки тому
And the rich is gonna get richer
@thebatman6201
@thebatman6201 3 роки тому
So get rich
@monetonmonetm7012
@monetonmonetm7012 3 роки тому
@@thebatman6201 Just get Rich, lol
@percysamuels1667
@percysamuels1667 3 роки тому
only if those robots have money to spend,oh do they get paid?
@Shockkings0714
@Shockkings0714 3 роки тому
Lol find a way to get rich than lol
@FrankPapadakis
@FrankPapadakis 3 роки тому
yes, we are!
@BoggWeasel
@BoggWeasel 3 роки тому
More under educated Americans working in the service industries or becoming performance artists. The two job part time worker will be the norm averaging a 53 hour work week to get by with no health insurance and paying 67% of their income for rent.
@robertferguson4965
@robertferguson4965 3 роки тому
Story of my life
@twal3
@twal3 3 роки тому
Definitely food for thought- integrating automation (of all low end jobs) while at the same time avoiding riots in the streets. We're getting a little sneak preview currently of things to potentially come by 2040.
@EgadsNo
@EgadsNo 3 роки тому
Anyone else remembers when bank tellers went on strike because the new fangled ATM was going to take all their jobs? There was a minor reduction in bank teller job growth but countless jobs were made to cater the new industry of designing, manufacturing, servicing, and repairing them. Financially cheaper products and services are not a bad thing, they raise the quality of life.
@gamefax5741
@gamefax5741 3 роки тому
There will be some success stories, but in general, people took low skill jobs because the high skill jobs were out of their ability. You wont be able to simply take a truck driver and tell him to learn to code. Effective coding/programming is a highly detailed discipline. As for creating new jobs, they will be highly specialized fields, for example, machine learning that targets customer trends. Or repairing embedded systems via engineering and programming. For every 20 low skill jobs destroyed, one high skill job will take its place.
@cycologist7069
@cycologist7069 3 роки тому
I agree. For many the situation will be dire and I expect suicide numbers to go though the roof. Sadly that is what's in the cards.
@louiseboyd8896
@louiseboyd8896 3 роки тому
Alvin Toffler predicted this shift in his books starting with "Future Shock" (written 50 years ago) and subsequent books such as "Power Shift"...... I believe we are in the third or possibly fourth wave of the industrial revolution.....the pandemic was the catalyst.......
@starrynight1165
@starrynight1165 3 роки тому
Yes but we should be putting more into education about these things. People should be prepared for that future, not just told about it.
@nickleback3695
@nickleback3695 3 роки тому
Who cares honestly cares if the dummies get replaced? If you're being truthful you would prefer it that way.
@starrynight1165
@starrynight1165 3 роки тому
@@nickleback3695 dummies? Do you mean people who cant afford to get a better job?
@j78513
@j78513 3 роки тому
I work in this industry and a friend made a very accurate observation "is it really automated if we have to fix the same machines daily?" that being said a UBI would be nice, some sort of tax by what a machine produces? but that would be complicated and clunky to enforce.
@jimpad5608
@jimpad5608 3 роки тому
There is no technical reason why any machines fail that often - your company is just too cheap to replace it
@j78513
@j78513 3 роки тому
@@jimpad5608 My machines are less than a decade old, they just get worked hard. what industry do you work in? My automation is directly tied to manufacturing machines.
@LinkWave290
@LinkWave290 3 роки тому
The only people who will benefit from AI/Automation are the ones with stake or equity in those technologies.
@easyDoes1T85
@easyDoes1T85 3 роки тому
I'm a Data Engineer and business is booming
@joshmcfarlane8574
@joshmcfarlane8574 3 роки тому
@@easyDoes1T85 Ya just wait until they outsource you or not even outsource, just replace you with a green card holder. I know so many in IT that say beware, they will tell you to train your replacement who will work for cheaper.
@ButFirstHeLitItOnFire
@ButFirstHeLitItOnFire 2 роки тому
I’d like to throw in my two cents here… I worked at Stop And Shop for around 6 years, and am currently employed at Target after I moved south enough where the S&S chain doesn’t exist and I had to change jobs, and at ALL those locations we’ve had problems finding and retaining employees even BEFORE the pandemic. Here where I am in Florida, we’re in an area where it’s more elderly people then anything, a lot of people don’t even want to work and those that DO only do so briefly before they hope onto other goals and obligations. We’re due for renovations at our target starting next month and I’m looking forward to it because we’re SEVERELY undermanned and outnumbered, and I don’t think we’ll be able to hire enough new people from that alone. The Cafe at least is being partially automated, and we’ll have 12 self checkouts by the end of it instead of our usual 4, which is good register worker shortages affect the whole store. When lines get too long we do this thing called “fast service” where workers across the store drop what they’re doing and man the cash registers until things calm down. With the new registers we shouldn’t need to do that as much and we’ll be able to get more done around the rest of the store uninterrupted
@jacobelmer521
@jacobelmer521 Рік тому
Do you work in the villages?
@ButFirstHeLitItOnFire
@ButFirstHeLitItOnFire Рік тому
@@jacobelmer521 I work in the supertarget by Naples. We’re outnumbered and understaffed, and there hasn’t been a day off I’ve had in literally a month where they _haven’t_ asked if I could come in because they’re too busy or too many people called out. They go so far as to haggle with schedule changes if they can hook you for that immediate help. This Saturday this week in fact I was off, but they need help with zoning and reshop for 5 hours, and in exchange they gave me 2 1/2 hours off today and Friday to compensate. I like the flexibility and all, but next week I have three days off and I’m NOT giving up a single one of them.
@jacobelmer521
@jacobelmer521 Рік тому
@@ButFirstHeLitItOnFire Yeah keep your days off you've covered enough for them. I'm jealous you work so close to the beach haha
@jimpad5608
@jimpad5608 3 роки тому
Some things few humans think about . . . Technology capability increases at an exponential rate ( impossible for humans) Technology costs decrease at a linear rate (human costs constantly increase) Humans can not compete with technology Most jobs that will remain will be "brain jobs" requiring costly training. Basically 75% of humans will be unemployable in any remaining job. To cope will require a massive restructuring of society.
@WhatDavidDoes
@WhatDavidDoes 3 роки тому
I've been telling all the young non-college bound kids I know to become plumbers. People will pay you an arm and a leg when the toilet stops and its darned near impossible to automate that job.
@Radhaun
@Radhaun 3 роки тому
Plumbers, electricians, mechanics, and sanitation work. All high paying jobs unlikely to be hit too hard by automation.
@SayYourSomething
@SayYourSomething 2 роки тому
@@Radhaun You act as if they can’t make robots that can do that
@johnnychandler325
@johnnychandler325 2 роки тому
@@SayYourSomething Not in your lifetime. How would they even get the robot to your house
@SayYourSomething
@SayYourSomething 2 роки тому
@@johnnychandler325 Not in my lifetime but someone else’s lifetime
@mukavelli
@mukavelli 3 роки тому
This year the COVID-19 crisis showed us that some jobs that we have created over time are actually artificial and not essential in the economy, they are relevant only in a stable economy, an economy which has a surplus (example from transportation or services, there are so many individuals or small companies that act as an intermediary in the working process for the main companies or for individuals, by offering services mainly for convenience which when the economy goes south they are the first to get shut. Also, we see the food service industry one of the biggest creator of jobs in the economy is oversaturated, restaurants are at a tipping point right now, their future looks even worse when more automation will be implemented. What will happen for example with tourism when someone will decide to 3D map the cities or sites and offer virtual online VR tours? This is a big industry that will lose a lot in economic means.). No one is discussing this when thinking about the future of the labor market and on top of this, they don't take into consideration that the new technology they say it would create adjacent jobs by requiring workforce for development and maintenance will be increasingly automated and will need fewer humans to do them in time. This means that over time the massive job loss is going to happen but not as they expect to happen, it will be a longer process than they think, this is good in part because it will give us more time to adapt but the end is inevitable, unfortunately. And this is why that chart with labor productivity is poorly interpreted, of course is going to decrease in the short to medium term, because people who created those artificial non-essential jobs that I was referring to, they don't actually produce they just move money from one place to another, and a lot of people/firms find themselves in that situation and this trend will steadily increase until will become more noticeable, we will have sectors that will produce in the economy and sectors that will be created just to keep individuals busy with not much economic impact, but that can only work temporary, as this crisis showed us it will. ONE OF THE BIGGEST PROBLEM in modern society is not the economic system itself or capitalism, is the political system because is a slow way to implement change, technology is going forward at an increasing pace that we cannot keep up with, we need something that will allow us to make more rapid changes, a way that will allow us to make decisions and implement policies faster, and that will happen only when we will eliminate the political game from the equation. WE NEED A TECHNOCRATIC SYSTEM that will eliminate all that time lost by playing the game of acquiring and maintaining political power. Wish you a good day!
@coolperson4582
@coolperson4582 3 роки тому
Ya
@JB-kx9bx
@JB-kx9bx 3 роки тому
I work in the US oil industry we now produce more than double the oil with less than half the rigs we did 10 years ago. Each rig left employs fewer people than a rig 10 years ago.
@JC-cv3up
@JC-cv3up 3 роки тому
I also work in the oil industry in the office environment. The technology they’re introducing such as AI and RPA is even affecting accounting and finance departments. We laid off a lot of our accounts payable and accounts receivable because the programs were sufficient enough to run with less people. It’s even affecting staff accountants and finance people as well. We’re introducing software to gather data more quickly and efficiently and makes it the point you don’t need that many accountants to pull the data for management to review.
@JB-kx9bx
@JB-kx9bx 3 роки тому
@@JC-cv3up Yeah that is definitely what I've seen too. Same applies to anything engineering/data related.
@Punster101
@Punster101 3 роки тому
When Yang said it, everyone shrugged and didn't care. Guessed Coronavirus proved the skeptics wrong.
@cyphi1
@cyphi1 2 роки тому
The general public has always had a fear of automation. It's the people who are in leadership positions that don't care until
@keybraker
@keybraker 3 роки тому
The reporter has mixed up automations ubi with the checks given during the pandemic. UBI is an economic phylosophy, checks during a pandemic are an economic and vital necessity.
@stealthxg5045
@stealthxg5045 3 роки тому
Automation is inevitable and most people already use it without realizing it. So I don't see why some that use it have a problem with it. It gives you more free time to do things YOU want.
@diegodeveloper9272
@diegodeveloper9272 3 роки тому
I agree with you, I think automatiion is great
@killmeister2271
@killmeister2271 3 роки тому
the freedom is gonna be so strong i can already smell it
@SayYourSomething
@SayYourSomething 2 роки тому
How will you make money?
@stealthxg5045
@stealthxg5045 2 роки тому
@@SayYourSomething What? You can't think of legal ways to make money?
@SayYourSomething
@SayYourSomething 2 роки тому
@@stealthxg5045 I mean other than stocks, no
@Candyrx
@Candyrx 3 роки тому
2020: Covid-19 2021: Freddy Fazbear's
@thirtyonefifty3133
@thirtyonefifty3133 3 роки тому
The truth is, companies have no problem replacing workers despite of any pandemic or wage increase. As the value of money inflates, these companies want to pay less and less. Part of the reason why government has a standard min wage was to insure that someone with a high school diploma can at least afford housing. My grandpa always tells me "back in '76 I was making $15/hr, in 2017 I was making $10/hr" coming from a war vet. that says a lot about our economics.
@nicholasjaboor2514
@nicholasjaboor2514 3 роки тому
The only thing that makes absolutely no sense to me was the comparison between 23year old and a 43year old learning new skills, like 40somethings are cognitively diminished pudding sippers that serve to be effortlessly leapt over by this rumbling massive hoard of razor sharp somethings.
@NTGNatural
@NTGNatural 3 роки тому
People are actually still pretty sharp and adaptable through their 40's, its the 50's where it seems to fall off, and fast.
@MaxwellsWitch
@MaxwellsWitch 3 роки тому
9:15, it's almost like if you don't hold the threat of homelessness and starvation over the head of average people, they'll actually seek work they actually like, and enjoy the jobs that they do. 🤔
@timkbirchico8542
@timkbirchico8542 3 роки тому
So, it's UBI for people unemployed or below 30, 000 dollars a year income. Or was Ned Ludd corect?
@darthderp8066
@darthderp8066 3 роки тому
Time to start living like we homeless
@ferngouveia
@ferngouveia 3 роки тому
The thumbnail looks like a machine flexin
@rubabkhan41
@rubabkhan41 3 роки тому
Indin Song
@-Wreckanize-
@-Wreckanize- 3 роки тому
I dont understand. The argument against automation is like saying the lightbulb put many candle makers out of job by replacing them as the main source of light, so to protect candle makers jobs, we need to outlaw the lightbulb.
@filipwolffs
@filipwolffs 2 роки тому
A lot of people have the mentality that even if the status quo isn't perfect it's livable, which grants a feeling of comfort, security, and stability. Change, even positive change, has the opposite effect: things might be better after the change, but they might be worse, and that fear of the latter possibility makes change inherently uncomfortable for many. As a result of this mentality, people envision progress as refining and improving the status quo and resist the idea of progress that would result in upending the status quo entirely. As in your example, people would want progress to manifest as technology making it easier to make better candles, rather than progress making candles, and candlemakers, obsolete. In hindsight this resistance almost always turns out to be unwarranted, as lightbulbs are simply better than candles, but it's difficult for people to accept this in the present because the future is invisible, and thus it's impossible to be 100% certain that substantial change will be beneficial. On top of all of that, rich and powerful people tend to resist changing the status quo because the status quo works to their benefit. Even if change is better for everyone in the long run there's a good chance it reduces the control they have over society. And given that such individuals tend to be unscrupulous they'll try to fight change with lies and corruption. In summary, the reason why such conservative arguments against automation often seem so shaky and awkward is because they're motivated by self-interest and an instinctive desire for stability derived from things staying the same.
@ThreeIdiotsInaVan
@ThreeIdiotsInaVan 3 роки тому
Clearly our society has to fundamentally rethink how it divides up both it's wealth, and it's few remaining chores.
@filipwolffs
@filipwolffs 2 роки тому
Society has to acknowledge that productivity and labour are becoming increasingly disconnected from each other, and thus it doesn't make sense to build society around the idea that everyone must work and that your job determines your position in society.
@jish55
@jish55 3 роки тому
There's no longer any question about this, a UBI will be a necessity within 10 years, because automation, unlike before, will not only start replacing more human workers, but also unlike before, don't need humans to function. Think about it, before, robots needed humans to watch over, press buttons, etc. Now though, with a few alterations, a computer program and sensors not only press said buttons, but also can detect a malfunction before anything too bad happens, stop the current machine from working as the computer then starts up another machine that is fairly unused, and then sends out a request to get the malfunction fixed. That suddenly removed the need for 3 separate positions entirely, and in turn has 1 program doing it all. In another 10-20 years, it'll go even further where the repairs are also done through full on automation, thus removing 3 more positions as it removes the need to have someone receive and make appointments to fix said malfunction, removes the need for a boss/manager to oversee, and removes the need for a mechanic/engineer as the robot is programed with all that knowledge, has all the tools, and is 1000x more accurate. Now, this was just 1 example, and worst of all, its an example that can endanger millions of factory jobs because of 2 new creations that essentially do all the work that used to require millions.
@greghelton4668
@greghelton4668 3 роки тому
Yang after Biden’s term. We need a visionary as a leader.
@greghelton4668
@greghelton4668 3 роки тому
Van Ng with that attitude it’ll be a self fulfilling prophecy. You’ve given up. I wish Biden well but he won’t last two terms..
@dhmkkk
@dhmkkk 3 роки тому
Biden😂😂😂😂
@utilityaccount8514
@utilityaccount8514 3 роки тому
@Van Ng It seems something like the People's Party will have to intervene before anything is possible at all or we're going to run out of time.
@yamnayaseed356
@yamnayaseed356 3 роки тому
Biden is half dead anyway. We should have another primaries in 2024 or else Yang should run as a republican that would be a plot twist
@utilityaccount8514
@utilityaccount8514 3 роки тому
@@yamnayaseed356 As much as I sometimes admire the GOP I think they are doomed until the Reaganites die out
@cemsengul16
@cemsengul16 3 роки тому
Universal Basic Income is what will be needed when Automation takes over.
@gotbeeftv
@gotbeeftv 3 роки тому
*BEFORE not *when
@LordAshura
@LordAshura 3 роки тому
Machines are the ultimate worker that companies desire: Never gets sick. Never goes on strike. Never needs a vacation. Never needs training. Never takes you to court. Never demands wages or benefits. Works 24/7 for 365 days a year. Constantly gets better at their job with hardware and software upgrades. Easily replaceable. Can start working at full capacity at day 1. Little to no mistakes compared to a human worker. Don't need to deal with iffy worker regulations or taxes. No need to pay for expensive healthcare or retirement benefits. Consider these things when you think you are irreplaceable.
@Misaka-gt5yj
@Misaka-gt5yj Рік тому
Yea tell me about it. The Kiestra automated machine literally replaced most of a microbiologist's role in the lab.
@davidbetancourt428
@davidbetancourt428 3 роки тому
Nice, an Andrew Yang cameo, liked the video just for that.
@jerrypeukert5732
@jerrypeukert5732 3 роки тому
DAVID BETANCOURT The problem is then you must be obedient to the government or you don't eat.
@davidbetancourt428
@davidbetancourt428 3 роки тому
@@jerrypeukert5732 You are quite dumb
@fobudomh
@fobudomh 3 роки тому
This is coming sooner or later. It will happen more or less everywhere. It will change the power structure.
@utilityaccount8514
@utilityaccount8514 3 роки тому
I think you mean RIGHT NOW
@fobudomh
@fobudomh 3 роки тому
@@utilityaccount8514 I mean the advantage that China has will become less relevant.
@utilityaccount8514
@utilityaccount8514 3 роки тому
@@fobudomh China can automate jobs away without leaving their people to die in the street. We were doomed by our own real estate industry which made their manufacturing viable in the first place.
@leovolont
@leovolont 3 роки тому
The idea that people can train up to work along side Automated Technologies assumes that there is some stationary target we are aiming for. Automated Technologies is probably following a Moore's Law exponential curve (doubling every 18 months). There will be no new careers in IT. Why? The very definition of AI is a computer that can program itself. Even 10 years ago when I was working in tech, the instrumentation already had so many self diagnostic routines that basically I would just key and access the tables and then order the board that was diagnosed as being bad. In an integrated Automated Technologies work place of 5G NOW any down instrument or system could order it's own replacement boards, and some bench robot with vendor data could disassemble and install the board. Robots can be modular. Their AI Brains can be Near Supercomputer up in an Edge Cloud and Robots will actually be a shelf of function modules capable of doing any task that is already catalogued up in the Edge Cloud AI Robotics Server System. Really, the financial incentive to go completely Robot are too great. All the suggestions about Training and Taxing Capital to make companies go back to Labor, well, do we really expect Capitalists to pay Taxes that would rob them of all the profit margin that these efficiencies have brought them. No, any economy that drags its feet on AI or tries to tax it to death will be seriously non-competitive in the World Market. Also there is the issue of Quality. Look at the Boeing 737 Max disasters which were traced back to STUPID Human Errors at the planning level. No Automated Informations System would have screwed that up. In the coming years Human involvement in Production or Planning, or anything, will be seen as a quality detriment... humans do shoddy work. Nobody wants an electric car made by a "Monkey" anymore.
@krowlyyy
@krowlyyy 3 роки тому
Workplace productivity improves when people are given UBI because of the reduced stress people aren't concerned with paying their bills, having enough to eat, or debt. Poor people and wealthy people score similarly on executive IQ tests, but when poor subjects are asked to consider how to pay an unexpected expense before taking the same test, there is a significant reduction in performance due to the stress from the previous question constraining mental bandwidth. In some studies the difference in performance has been measured as a reduction of 15 IQ points, or one standard deviation. Government job retraining programs, at least in the US for factory workers, have a success rates of 0-15%. Anyone who believes the federal government will retrain displaced workers to become coders is dangerously optimistic.
@canadianbird1185
@canadianbird1185 3 роки тому
Ugh I wonder how many college applicants are swarming like ants over jobs related to computing or software. Wow, it's as if everyone is forced to pick a particular field now since other jobs are toast. Well, history tells us things like this never works.
@Wolfstanus
@Wolfstanus 3 роки тому
And those wages for those jobs will go down because people trained in the field will be a dime a dozen.
@ceriusgeek2749
@ceriusgeek2749 3 роки тому
@@Wolfstanus They already are going down.
@alxis-ty5fw
@alxis-ty5fw 3 роки тому
yang told y’all but noooooo y’all had to pick joe biden 😐
@joeyGalileoHotto
@joeyGalileoHotto 3 роки тому
We didn't pick Joe Biden, the politicians did. They don't like Yang because he makes them look stupid. They want Biden because he's old and fragile and they can take advantage of him.
@alxis-ty5fw
@alxis-ty5fw 3 роки тому
Van Ng unfortunately
@alxis-ty5fw
@alxis-ty5fw 3 роки тому
Joseph G. Hotto you prob right
@joeyGalileoHotto
@joeyGalileoHotto 3 роки тому
@Van Ng I hope so. Biden would mean full scale totalitarianism.
@jazzmary4u
@jazzmary4u 3 роки тому
What about managers who pad payrolls and specialize in doing as little as possible? There has long been no need for vice-anything in the corporate structures.
@richardoky
@richardoky 3 роки тому
In the automotive field robots didn't just replace workers but made them obsolete. If a robot breaks down on line usually it takes a couple of people to do its job and several other robots also taking over parts of its job also. Some robots if they break down you are just SOL. Because no human can handle a 250lb tool.
@taylorlove3632
@taylorlove3632 3 роки тому
Dang maybe we should have elected someone with the knowledge and mental sharpness to deal with this multifaceted issue. Seems like there was a candidate talking about this months ago...
@shyannefarine2836
@shyannefarine2836 3 роки тому
Urusjdjbfvhdj u're not a really doCCCCCCCCCCCC
@TradingFeline
@TradingFeline 3 роки тому
I wonder who that is....
@manopeace9175
@manopeace9175 3 роки тому
remember, how bad we are being treated is how we're treated when the 1% need something from us (our labor).
@spiritanimal7516
@spiritanimal7516 3 роки тому
So then it'll just get worse.
@anddrestorres9888
@anddrestorres9888 2 роки тому
I wish i was a baby boomer ….my dad worked at a oil rig , he was able to support a family, buy a house , retirement savings, pension, savings ME. Age 28 same job same company , i cant afford anything , no pension no benefits , i have nothing
@YAMAHA_FAN.
@YAMAHA_FAN. 3 роки тому
Every year walmart reily best buy Reducing their staff Thanks to Amazon and boing And Big gaint tech companies
@scuddyleblanc5119
@scuddyleblanc5119 3 роки тому
Walmart is operating on a 3 to 4% margin of profit. They will automate tasks that don't justify a minimum wage worker to stay in business. You may not like self checkout, but the alternative is that your local Walmart will close when it becomes unprofitable, and you'll have fewer choices in where to shop. Fast food businesses operate on very thin margins of profit. One must invest a million dollars to make 3 to 4% profit, if they are lucky.
@mercanyinriechert6732
@mercanyinriechert6732 3 роки тому
and all of the small businesses that reduced their staff or went out of business because of Walmart.
@FurryEskimo
@FurryEskimo 3 роки тому
What worries me, is that these benefits to companies don’t benefit the workers, only the owners. (This from someone who supports mass-automation.)
@diegodeveloper9272
@diegodeveloper9272 3 роки тому
What do you expect? Thats why they buy machines. Even tho I believe we all will recibe free income at some point.
@ignorancebeater650
@ignorancebeater650 2 роки тому
It's also the owners who take the risks of the loans, and come up with the business in the first place. Let's face it: no-one is stopping anyone from trying to do the same, and start a business and become an owner. If it's that simple and compelling and you get all the benefits... Why don't you just try it yourself, then?
@Bewefau
@Bewefau 3 роки тому
They will take your job. Why pay some one when you can let a robot do it.
@daquanmcdonald7104
@daquanmcdonald7104 3 роки тому
Pay for the robot one time. Works forever for free. Just paying for maintenance in case the machine gets sick
@matt59fire
@matt59fire 3 роки тому
Daquan McDonald True, a lot of companies will be asking for loans from the bank. Because for small businesses, it is extremely costly. Those machines won’t be cheap and only corporations can afford it tomorrow. Also, this is why teachers need to let kids know about trades. Why would you go through 8 yrs of school to find your med job has been taken and you weren’t needed like you were when you first started school? Electricians, house plumbers, roofers, etc... will be the last frontier that no one is talking about.
@candle9093
@candle9093 3 роки тому
Code the robots! Mwahaha! Can't take that job!
@hornetstudios3017
@hornetstudios3017 3 роки тому
The only down side to having more robot workers is that there will always, always always be that one one person who tries to exploit it for their own financial and cruel gain and is successful. Plus handmade items shouldn’t be made by robots, it shows effort in things
@brandonsepulveda4047
@brandonsepulveda4047 3 роки тому
is that chart right at 1:06?????
@kamikeserpentail3778
@kamikeserpentail3778 3 роки тому
That the rest of the world is now finally paying attention to something I've known about for a long time, and my anticipation for this inevitable future, really turns me on.
@NPAMike
@NPAMike 3 роки тому
Andrew Yang said it best. You can't tell me your gonna retrain thousands of truckers to suddenly learn how to write code. The whole retraining workers to learn new jobs is complete utterly nonsense i would expect that if they had the ability to learn to code they would already be doing that and even if you do retrain them how many will actually succeed.
@coolperson4582
@coolperson4582 3 роки тому
Well what if they wanted to learn code but couldn’t because of them not being able to afford college?
@cris-yo1950
@cris-yo1950 3 роки тому
Thank goodness im majoring in mechanical engineering.
@suyashjoshi8
@suyashjoshi8 3 роки тому
It doesn't matter how much automation there is, there will always be jobs What is a job ? Something that needs to be done to provide value to someone by utililizing skills and gets money in return. Consider that today compared to 1800s there is so much automation. Does that mean there is more or less unemployment ? No, only the skills needed have changed with time. It's all about upskilling and training as per contemporary market needs.
@RyeAlvaro
@RyeAlvaro 3 роки тому
I'm already mad I have to Scan and Bag my own Groceries...
@gameszombie
@gameszombie 3 роки тому
ok, karen.
@edrcozonoking
@edrcozonoking 3 роки тому
Select the line with a cashier instead.
@GrandActionPotential
@GrandActionPotential 3 роки тому
gameszombie rye Alvarado is correct !! The cost of checking out is built into the price of goods. If you're checking out your own and bagging, you are taking someone's jobs and working for free which enriches business owners with out any incentive to lower prices... in some circles they'd be asking about moron customers.
@dkh4487
@dkh4487 3 роки тому
First we need automate all school teachers, University instructors, and professors. So people can have better education then from those two professors on this show.
@cyphi1
@cyphi1 2 роки тому
Educated and unemployed...smh
@Gigaamped
@Gigaamped 3 роки тому
It's almost like CNBC took Andrew Yang's platform and ran with it for this piece
@Hosz688
@Hosz688 3 роки тому
If you have UBI, you can pay for it by getting rid of welfare, unemployment benefits, social security, etc. You wont need those programs if you have UBI. People who want more than what UBI provides can go to work. People who dont want to work will have UBI to rely on.
@eddiemendoza6304
@eddiemendoza6304 3 роки тому
That fine with me if the automate everything. I won’t loose my job cuz I’m a mechanical engineer.
@peggygreeby5065
@peggygreeby5065 3 роки тому
You don't think they'll come up with an AI to do YOUR job? Think again, these automations will be able to do anything they're programmed to do, the sky's the limit. And one day they'll be self programming. Remember, they said the Titanic was unsinkable. It doesn't pay to be arrogant.
@edrcozonoking
@edrcozonoking 3 роки тому
Well, software that unlike you can actually spell already exists, so...
@tracycaldwell1736
@tracycaldwell1736 3 роки тому
🤣🤣🤣
@candle9093
@candle9093 3 роки тому
@@peggygreeby5065 The sky is the limit! Except.. every machine is vulnerable in some way or another. What if the software has bugs? What's to say hundreds of networks are compromised and the machines go down? Whats to say the hardware just gets old and fails? It'll never be perfect.
@donkeykong4983
@donkeykong4983 2 роки тому
+
@jermangarc
@jermangarc 3 роки тому
If automation takes over, I wonder who is buying the products being automated? With no jobs, how are people affording any products?
@jxg0314
@jxg0314 3 роки тому
Jermaine Garcia Universal Basic Income
@andrepoghosyan8269
@andrepoghosyan8269 3 роки тому
@@jxg0314 also not all jobs are getting automated. If it needs creativity like game development or writing, or just having to move around and use tools like plumbers your a-ok. Yea a ubi is good tho
@jxg0314
@jxg0314 3 роки тому
@@andrepoghosyan8269 AI is already capable of creative jobs like writing and music. Plumbers are safe for now but it's backwards thinking that everyone needs to have a job. Jobs should be optional for personal satisfaction purposes rather than a necessity to survive.
@andrepoghosyan8269
@andrepoghosyan8269 3 роки тому
@@jxg0314 if AI can create music and write books as of now, it's basic and still needs a lot of time to develop. I want a UBI in America of $1k/mo. This will be enough to be scraping by, not living very comfortably. Are you one of those people who want a UBI to live a lavish middle class life?
@jxg0314
@jxg0314 3 роки тому
@@andrepoghosyan8269 Everything can always get better, even today’s music written by human artists lol. $1k/month is a good start. I don’t think anyone is thinking a UBI can make everyone wealthy but it will definitely provide a monetary floor for everyone’s basic survival.
@curtiscarpenter9881
@curtiscarpenter9881 3 роки тому
Sole traders, family owned businesses, employee owned businesses. What about the jobs automation makes?
@Gito975
@Gito975 2 роки тому
6:08 what's his name?
@ScottSantens
@ScottSantens 3 роки тому
Unconditional Basic Income. Implement UBI as soon as possible. Imagine if all of us were already starting each month with $1200 before the pandemic hit? How many more people could have self-quarantined? How many fewer people would have been demanding that we open back up all businesses? How many more people would have paid their rent? How many fewer people would have had to stand in lines at food banks? How many more businesses would have survived? We already needed UBI, but we definitely need it now. Technology shouldn't be something we fear. We shouldn't be worried about machines doing our work for us. LET THEM. If a machine can do the work, make it do the work. Humans should be free to pursue whatever it is we wish to pursue, and because robots don't buy anything, we should pay ourselves the paychecks the robots aren't getting, so we can buy what the machines are making. UBI makes automation work for all of us.
@AntonioSilva-sm8vu
@AntonioSilva-sm8vu 3 роки тому
Get this more likes
@1966bluemax
@1966bluemax 3 роки тому
Can we afford it?
@Saixjacket
@Saixjacket 3 роки тому
Your comment is all fluff and no substance. You’re not considering long term implications of the rise on goods and services with stagnant wages in tandem with is essentially a lopsided payout that only helps the poor to barely stay poor and those who know how to live frugally an edge.
@1966bluemax
@1966bluemax 3 роки тому
DSsalad Andrew yang is voodoo economics
@inmyruins
@inmyruins 3 роки тому
The demand for higher wages has certainly expedited the implementation of automation. That was certainly the case in the auto industry and most recently with coal mining.
@ronaldronald8819
@ronaldronald8819 3 роки тому
A pivotal statement "capital is always taxed more lightly than labor". This seems to be the main factor driving exponential divergence in income distribution. Shredding of the social fabric in progress? There is no back to normal. Normal does not work? Wealth concentration at the have end and growing despair and marginalization on the have not end is a fact.
@robertcampbell8027
@robertcampbell8027 3 роки тому
I was in the office furniture business for a number of years. I made a nice living and sold that business a few years ago. Whew!
@pharaoh9391
@pharaoh9391 3 роки тому
This has been a thing though even before covid most fast food places now are half AI
@xaviermaster1
@xaviermaster1 3 роки тому
That's what worries me, soon there will be no more people serving food too much rely on AI. And more and more people that don't go to collage hard to find jobs
@pharaoh9391
@pharaoh9391 3 роки тому
raven knight which is why honestly it’s time to start our own businesses cause self employment is the only thing moving forward. Especially with AI even currency is becoming more and more digital so it’s def the time to make some business moves
@jimpad5608
@jimpad5608 3 роки тому
@@pharaoh9391 - While owning your own business has some great advantages, the number possible business opportunities decreases every month. I did 4 sucessful start-ups, so I know how to do it, but right now I can not think of any business I could start that would be sucessful.
@cgonthebeat3741
@cgonthebeat3741 3 роки тому
@@jimpad5608 Would internet retail be a smart venture?
@Fransadiwinata
@Fransadiwinata 3 роки тому
we need to ask the economist what will they do when AI automate their job.
@Anonymous-oz1xe
@Anonymous-oz1xe 3 роки тому
They expect Azazel to grant them exception and ascension. But the creator has other plans for them. All this is allowed for a reason.
@walterengler5709
@walterengler5709 3 роки тому
The economic models already created by highly intelligent individuals indicate they will be relegated to aiding machines in placing packing peanuts in boxes. Those breezes blow some all over the place and having someone manually pick them up is still cheaper than an automated bot ... for now. Honestly the ones out their mostly use models built by OTHERS and they are really just good at flapping their lips being more orator than intelligent being.
@dafrasier1
@dafrasier1 3 роки тому
With stagnant Population; No growth, or negative Growth; the Economist do nothing, no clue. Worthless.
@superminecraft01PvP
@superminecraft01PvP 3 роки тому
Most economists’ jobs have already been automated. Being an investment banker is nowhere near as prestigious as it was 20 years ago, there are also way less Investment Banking jobs out there today. This is a result of the rise in roboadvisers & low cost index funds. A 2% management fee/expense ratio that pays for some banker’s expensive salary is WAY worse than a 0.02% fee that keeps the computer running.
@Ragnark1
@Ragnark1 3 роки тому
I actually disagree with the concept that “people need jobs.” I don’t think sweeping the floor is a necessary pursuit. Perhaps it builds discipline (but I argue that that sort of discipline should have been learned in childhood). Even flipping burgers is not necessarily a pursuit that might build character (believe me, I’ve been there). I actually support the automation of almost all low-skill jobs. That said, yes, we will need to offset the scope of labor with apprenticeship and meaningful education (not I’m-triggered-so-I-must-color rooms). In the last few years, I have re-learned programming in C# and have become quite good with VBA (If any business owners are reading this, I am always available for new opportunities). This is all thanks to lengthy sabbaticals away from the workforce. Merely having a job is not necessarily a good thing.
@Mustang_Dan
@Mustang_Dan 2 роки тому
Thank god I got into maintenance for automation machines.
@tonyverras2688
@tonyverras2688 3 роки тому
They've been saying this since the 90's. I'll believe it when I see it.
@GrandActionPotential
@GrandActionPotential 3 роки тому
You are seeing it, you're just not smart enough to recognize it
@tonyverras2688
@tonyverras2688 3 роки тому
@@GrandActionPotential I do recognize it , but it's not causing a job apocalypse like the video is claiming it is(or will). Where are the driverless cars and trucks? Why are finance(and even medical) jobs still being done by humans? Bold statements like these have been around since 2004. Not a doom and gloom situation like these flashy press proceedings would suggest or politicians with their own agenda. The workforce will adapt if it comes to that.
@GrandActionPotential
@GrandActionPotential 3 роки тому
@@tonyverras2688 Many things which affect society take decades to occur, unless there's an exceleratant. Due to automation, this is one of the few times in human history where supply can uniformly outweigh demand. Under the current social value system, where everyone is in debt to someone and currency which allows wealth accumulation at the expense of others, automation is pushing the labor based value system to near collapse. Look at youtube videos of a company called Sandvik Coromant. If you watch the videos, you are looking at the present, not the future. With relatively small investments, 90% of US manufacturing jobs can be automated. Available currency/capital for those types investments are limited in the US. In 2017, DOD awarded a center for developing new, versatile manufacturing robots, under www.defense.gov/Newsroom/Releases/Release/Article/1049127/dod-announces-award-of-new-advanced-robotics-manufacturing-arm-innovation-hub-I/ Companies (most in the US) that adopted Friedmann Doctrine, will be forced to relieve shareholders with lower, risk of interruption production while maximizing returns. This means replacing costly workers with automation. Our currency and social value system is the only thing holding back progress, likely due to a the old power brokers losing control over privilege.. citing Jeffery Epstein and cronies.
@tonyverras2688
@tonyverras2688 3 роки тому
@@GrandActionPotential Thank you, your comment was informative. Makes sense. I would imagine testing and and getting those types of automation projects to be reliable enough for companies to buy and implement them is costly, like you were implying.
@XeresKyle
@XeresKyle 3 роки тому
Welp, better start learning robotics.
@dscuffman7679
@dscuffman7679 3 роки тому
Basic income is gonna have to be implemented, and the cost of living is gonna have to come down
@CMDRScotty
@CMDRScotty 3 роки тому
I was wondering with the death of Moore Law how does automation continue? We have a 3nm chip coming by 2025, 2nm by 2028, and 1nm 2030. This death of increasing computing power should put the breaks on job loss to machines right?
@kolos4650
@kolos4650 3 роки тому
I wonder where are all the dislikes from. I believe this video is just stating facts
@lijie6431
@lijie6431 3 роки тому
Mostly opinions
@robertferguson4965
@robertferguson4965 3 роки тому
Stfu megamind
@kishuwwu
@kishuwwu 3 роки тому
Dear strangers, hope y'all are doing great in this pandemic.Stay safe, stay healthy🤍
3 роки тому
fake fcn bs covid
@ritadillingham3743
@ritadillingham3743 3 роки тому
Alal
@steviehodge6159
@steviehodge6159 3 роки тому
Fakedemic.
@donkeykong4983
@donkeykong4983 2 роки тому
Thank you you too ✝️!!!!!!!!!!
@MrAjzetting
@MrAjzetting 3 роки тому
It is obvious that most of these people have not worked with automation/robots. I just spent 9 hours running an automated machine and there are problems with uniformity of parts in assembly that people can automatically adjust for that automation currently can not. Robots do not get sick but they do brake, need adjustment and repairs. If I broke/ruined as many parts and stopped working like some of our automated machines do I would be fired. Right now there is upward pressure on wages because of competition for workers.
@xcitecarnalval6640
@xcitecarnalval6640 3 роки тому
The future economy is going to look a lot different and behave very different! No country will be ready and many people will suffer! The way we earn money has to change!
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