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
Howard Marks: 50 Years of Investing Wisdom in 50 Minutes (Priceless Lecture)
Well, Cain said it best of anybody. He said, “Markets can remain irrational longer than you can remain solvent.” MH and some… so somebody who bets that a market which is irrational is going to… a market is too high, we say that’s irrational. Somebody who …
The Illusion of Self
Recently, I was scrolling through old pictures, and I found the picture from when I was a little kid. I took the picture and held it up to my face in front of a mirror, and I realized, wow, I look nothing like that kid in the picture. We don’t have the sa…
When The Housing Crash Will Happen
What’s up you guys? It’s Graham here, and if you thought the housing market was expensive, it got worse. Despite higher interest rates, record low affordability, and a 60% chance of recession, the housing market is now $2 trillion more expensive. That’s r…
Thomson's Plum Pudding Model of the Atom
So the word atom means uncuttable, so the Greeks were thinking of it as a tiny hard sphere. Phil: That’s right. Derek: And even up until the eighteen hundreds, that was the idea of an atom, the smallest piece of matter, a tiny hard sphere. But then we f…
Reading tables 2
The table below shows the number of chickens sold by four friends from January to March. Except one entry is missing. What number should go in the empty cell? So, let’s see. This is the empty cell right over here they haven’t filled out. How many? Let’s …
Explained: Beaker Ball Balance Problem
You have made your prediction, and now it is time to see what happens when I release the balance. Ready? In three, two, one. The balance tips towards the right, towards the hanging, heavier ball. But why does this happen? Well, the best way I can think o…