yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

#shorts How Will Robots Affect These Jobs?


less than 1m read
·Nov 7, 2024

Robots don't pay taxes or even spend money in the local communities. They should preserve their jobs. My question to you is, can they stop progress?

Uh, first of all, there's no evidence that that's true. There have been lots of studies on automation in ports, domestically and internationally. The trouble with East Coast ports is they're very old; they're very inefficient.

When you start to compare them against other international ports like Singapore and the other Asian ports, um, we're just not holding mustard up against them, and that's very bad for productivity and flow-through.

So, we can't agree to that. We just got to let automation go where it goes because there is zero evidence on the East and West Coast that if you automate and make it more efficient and more productive, that it hurts wages at all.

Indeed, it may even increase the actual pay you give to employees that know how to use these robotic systems, so they become more engineer-oriented. It helps job creation and helps the value of wage growth.

More Articles

View All
Inverse relationship between capital price and returns | Macroeconomics | Khan Academy
So much of Piketty’s book is about this idea of more, more, and more returns to capital. That the return to capital is going to grow faster than the growth of the economy. We see charts like this, where we have the value of private capital as a percentage…
Fossils | Evolution | Middle school biology | Khan Academy
[Narrator] When I was 12 years old, I went on vacation to Alaska with my family. While walking down one of the cold stone covered beaches, I spotted a large pile of rocks that seemed to have slid off the side of one of the hills that connected to the shor…
The Ponzi Factor - Short Trailer
When we think about the stock market, we think about money, the finance industry, businesses, and making money from investing in successful businesses. The belief is investing in successful businesses is what leads to investment profits, and there’s a dir…
Compound interest: How to turn $1 into $10
What’s up you guys? It’s Graham here. Since today, I’m going to be telling you guys how to trim $1 into $10. And it’s not some stupid [ __ ] sales pitch. I’m not trying to get you to invest in some [ __ ] mother; I hate those people. So I’m not trying to …
Toothpaste | Ingredients With George Zaidan (Episode 1)
What’s in here? What does it do? And can I make it from scratch? Ingredients toothpaste, as we know it, is relatively new—only 150 years old. Toothpaste, as we don’t know it, had things like rock salt, pumice, crushed eggshells, crushed bone, and even cr…
BEST Images of the Week! IMG! episode 14
Steampunk R2-D2 and this kitty says thumbs up. It’s episode 14 of [Music]. It’s hard to be a Lego gangster, but it’s easy to kill two birds with one stone. Check out these minimalist superheroes. Can you name them all? The same guy who made these also ma…