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
Limitations of GDP | Economic indicators and the business cycle | AP Macroeconomics | Khan Academy
In other videos, we have already talked about the idea of GDP in some depth—gross domestic product, a measure of the aggregate goods and services produced in a country in a year. But what we’re going to discuss in this video is how good a measure GDP is, …
The Biggest Myth In Education
This video is about learning styles. What kind of learner are you? Oh yeah, I’m a visual person so I have to see things, yeah. Oh yeah, same. I think visual learner. Visual. I mean, like, I remember formulas like auditory. I need to be like, interac…
She Sails the Seas Without Maps or Compasses | Podcast | Overheard at National Geographic
Foreign, I like to think of the voyage and canoes as taking us back in time on the ocean. The Hua Kamalu is a navigator with the Polynesian Voyaging Society. I’ll often ask my crew, like, what do you think it would have been like to show up in Hawaii as t…
Warren Buffett: How to Make Money During Inflation
Are you seeing signs of inflation beginning to increase? We’re seeing very substantial inflation. It’s very interesting. I mean, we’re raising prices, people are raising prices to us; it’s being accepted. I mean, inflation is a big concern for everyone ri…
The Meaning of Life
The meaning of life question is kind of a nonsense question. Any end goal will just lead to kind of another goal, lead to another goal. We just play games in life, right? You grow up, you’re playing the school game. You’re playing the social game, then yo…
Charlie Munger's 6 Secrets for a Successful Life
And another thing that people do, like bear guard is amazing, is they build these enormous mausoleums. I think they figure they want people to walk by that mausoleum and say, “Gosh, I wish I were in there.” Let me tell you another story that I think is a…