That basically shook European manufacturing down to the core because they couldn't get the supply they needed for their factories to run because a lot of the input goods comes from the Far

East.

I think the main thing, the main factor is simply affordability.

And this is something which is implicit in everything about our modern economy.

And the push for greater efficiency and greater productivity is about affordability.

We need things to be affordable for the consumption to continue so that we can continue to have the returns that goes into our pensions and make those returns.

And if you think of the pensions, as Joe pointed out, about $70 trillion of direct actual pensions.

about younger people? Yeah, I think I think back.

H- how much is social media to blame for our wellness woes?

It's a complicated question.

Um, and we've seen that young children today can have addictive type tendencies, and I've seen it within Calm itself, where during COVID, for example, a large part of our user base grew within young adults.

And we had a lot of schools and universities reach out to us about working with them going forward.

So we've actually s- now starting w- working with a lot of universities and middle schools, for example.

And many of them were reaching out because they are finding that, you know, mental health isn't something that turns on when you're 17, 18, or 19, or you're an adult.

It actually starts at a much younger age.

It's providing something for them.

H- how much is social media to blame for our wellness woes?

It's a complicated question.

Um, and we've seen that young children today can have addictive type tendencies, and I've seen it within Calm itself, where during COVID, for example, a large part of our user base grew within young adults.

And we had a lot of schools and universities reach out to us about working with them going forward, so we've actually just now starting w- working with a lot of universities and middle schools, for example.

And many of them were reaching out because they are finding that, you know, mental health isn't something that turns on when you're 17, 18 or 19 or you're an adult.

It actually starts at a much younger age.

Can it be all attributed to, to social media? Maybe.

It's providing something for them.

It's progress.

Well, listen, I'll give you a report we did just last year.

And it really starts at the top for so many of us.

Like we can have great HR teams, but if it's not embraced at the leadership level, I think things can get muted or it's just another benefit.

And so we went out and spoke to over 250 C-suite executives.

And what was really fascinating because CEOs need this, they need the details and they need the numbers to know is We went out there and asked them, how are you doing? Over 80% of them said, I'm good.

We're good, right? When you ask that question though, again, because as you know, you have to ask CCE executives the same question twice.

How much is social media to blame for our wellness woes? It's a

So how do you open that dialogue in that type of environment?

Yeah, so I've spoken at a bunch of banks, so it's there.

And, you know, I was an analyst myself I slept underneath, I actually told my kids this story.

I said, I used to sleep underneath my desk in the office.

I had a pillow.

I think back how disgusting that is.

I don't know if I watched that pillow, but it was part of this culture, this hard charging culture.

Comes from Nikhil Kata who asks, what are the top three pieces of advice that you would offer to someone coming out of college who wants to do a startup in the healthcare tech space? And then the second part is looking back on your journey at Calm, what are the biggest mistakes you've made that you would redo if you could?