Is AI killing jobs or are CEOs using it as an excuse?

Yeah, and specifically, the industries that do the replacing tend to be much more job intensive than the thing they're replacing.

So, for example, if you look at, you know, I grew up in the state of California.

California is a financial powerhouse

globally.

It just passed Japan.

If it was a country, it would be richer than Japan.

Japan has a population of 100-something million people.

140, I believe.

140.

That sounds about right.

And, and, um, and California's population of under 40 million.

And yet California is richer than Japan, richer than Italy, richer than France, richer than some, every country except the U S China and, uh, Germany, I think, or Britain.

I don't know.

One of them.

And, um, And why is that? Well, one of the reasons is some of it is inflation, inflated net worth from the AI startups, okay? But a lot of it is technology and things related to computer technology, including aerospace and a bunch of other things.

A lot of it is agriculture and other things as well.

But my point is that when the computer revolution, because I'm the computer, the PC, let's call it the PC revolution.

When we went from only specialists using computers to everybody using computers.

That was a big transition in human culture.

And that was one that everybody was afraid, okay, everybody's going to lose their jobs because fewer, you know, a fewer number of people can do more work with these computers.

Well, it's actually the computer industry that's driving, everybody wants their own Silicon Valley.

Everybody in the world would kill to have Silicon Valley.

Why? Because this industry that replaced the analog way of doing things in business is the most lucrative thing on the planet.

And that was true of the automobile industry.

Less so today, but like when the automobile, when, you know, Henry Ford and all that stuff in the, in the, in the twenties, thirties, forties, fifties and sixties, the auto industry was a major, major industry.

Yeah, and specifically, the industries that do the replacing tend to be much more job intensive than the thing they're replacing.

So, for example, if you look at, you know, I grew up in the state of California.

California is a financial powerhouse

globally.

It just passed Japan.

If it was a country, it would be richer than Japan.

Japan has a population of 100-something million people.

140, I believe.

140.

That sounds about right.

And, and, um, and California's population of under 40 million.

And yet California is richer than Japan, richer than Italy, richer than France, richer than some, every country except the U S China and, uh, Germany, I think, or Britain.

I don't know.

One of them.

And, um, And why is that? Well, one of the reasons is some of it is inflation, inflated net worth from the AI startups, okay? But a lot of it is technology and things related to computer technology, including aerospace and a bunch of other things.

A lot of it is agriculture and other things as well.

But my point is that when the computer revolution, because I'm the computer, the PC, let's call it the PC revolution.

When we went from only specialists using computers to everybody using computers.

That was a big transition in human culture.

And that was one that everybody was afraid, okay, everybody's going to lose their jobs because fewer, you know, a fewer number of people can do more work with these computers.

Well, it's actually the computer industry that's driving, everybody wants their own Silicon Valley.

Everybody in the world would kill to have Silicon Valley.

Why? Because this industry that replaced the analog way of doing things in business is the most lucrative thing on the planet.

And that was true of the automobile industry.

Less so today, but like when the automobile, when, you know, Henry Ford and all that stuff in the, in the, in the twenties, thirties, forties, fifties and sixties, the auto industry was a major, major industry.