Jack Dorsey: Yang Gang Forever | AI Podcast Clips
00:00:00.000 | What are your thoughts, sticking on artificial intelligence a little bit, about the displacement
00:00:06.280 | of jobs?
00:00:07.280 | That's another perspective that candidates like Andrew Yang talk about.
00:00:10.840 | Yang Gang forever.
00:00:12.640 | Yang Gang.
00:00:15.000 | So he unfortunately, speaking of Yang Gang, has recently dropped out.
00:00:18.320 | I know, it was very disappointing and depressing.
00:00:20.960 | Yeah, but on the positive side, he's I think launching a podcast.
00:00:25.160 | So uh...
00:00:26.160 | Really?
00:00:27.160 | Cool.
00:00:28.160 | I'm sure he'll try to talk you into trying to come on to the podcast.
00:00:31.800 | I would love to.
00:00:32.800 | Talk about Ratatouille.
00:00:33.800 | Yeah, maybe he'll be more welcoming of the Ratatouille argument.
00:00:39.160 | What are your thoughts on his concerns of the displacement of jobs, of automation, of
00:00:43.920 | course there's positive impacts that could come from automation and AI, but there could
00:00:47.800 | also be negative impacts.
00:00:50.400 | And within that framework, what are your thoughts about universal basic income?
00:00:54.340 | So these interesting new ideas of how we can empower people in the economy.
00:01:01.760 | I think he was 100% right on almost every dimension.
00:01:07.600 | We see this in Square's business.
00:01:10.480 | He identified truck drivers, some from Missouri, and he certainly pointed to the concern and
00:01:21.600 | the issue that people from where I'm from feel every single day that is often invisible
00:01:28.440 | and not talked about enough.
00:01:30.520 | The next big one is cashiers.
00:01:32.960 | This is where it pertains to Square's business.
00:01:36.640 | We are seeing more and more of the point of sale move to the individual customer's hand
00:01:43.720 | in the form of their phone and apps and pre-order and order ahead.
00:01:48.200 | We're seeing more kiosks.
00:01:50.560 | We're seeing more things like Amazon Go.
00:01:53.480 | And the number of workers as a cashier in retail is immense.
00:02:01.520 | And there's no real answers on how they transform their skills and work into something else.
00:02:12.040 | And I think that does lead to a lot of really negative ramifications.
00:02:17.200 | And the important point that he brought up around universal basic income is given that
00:02:22.880 | this shift is going to come, and given it is going to take time to set people up with
00:02:32.880 | new skills and new careers, they need to have a floor to be able to survive.
00:02:38.880 | And this $1,000 a month is such a floor.
00:02:43.560 | It's not going to incentivize you to quit your job because it's not enough.
00:02:47.720 | But it will enable you to not have to worry as much about just getting on day to day so
00:02:56.920 | that you can focus on what am I going to do now and what skills do I need to acquire.
00:03:06.160 | And I think a lot of people point to the fact that during the industrial age, we had the
00:03:14.840 | same concerns around automation, factory lines, and everything worked out okay.
00:03:20.160 | But the biggest change is just the velocity and the centralization of a lot of the things
00:03:28.760 | that make this work, which is the data and the algorithms that work on this data.
00:03:35.640 | I think the second biggest scary thing around AI is just who actually owns the data and
00:03:45.720 | who can operate on it.
00:03:47.440 | And are we able to share the insights from the data so that we can also build algorithms
00:03:56.080 | that help our needs or help our business or whatnot.
00:04:00.040 | So that's where I think regulation could play a strong and positive part.
00:04:07.640 | First looking at the primitives of AI and the tools we use to build these services that
00:04:13.520 | will ultimately touch every single aspect of the human experience.
00:04:17.440 | And then where data is owned and how it's shared.
00:04:26.900 | So those are the answers that as a society, as a world, we need to have better answers
00:04:32.760 | around, which we're currently not.
00:04:34.680 | They're just way too centralized into a few very, very large companies.
00:04:40.440 | But I think it was spot on with identifying the problem and proposing solutions that would
00:04:45.480 | actually work.
00:04:47.600 | At least that we'd learned from that you could expand or evolve.
00:04:52.320 | But I mean, I think UBI is well past its due.
00:04:59.720 | It was certainly trumpeted by Martin Luther King and even before him as well.
00:05:05.720 | And like you said, the exact thousand dollar mark might not be the correct one, but you
00:05:11.440 | should take the steps to try to implement these solutions and see what works.
00:05:17.360 | 100%.
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00:05:36.980 | you