Andrew Heaton
π€ SpeakerAppearances Over Time
Podcast Appearances
That wouldn't work.
Because then you wouldn't have any income at all.
Again, I go back to the example here.
Your doctor and your attorney have a trade deficit with their grocery store.
It doesn't mean that they're imperiled.
We're still a gigantic manufacturing economy.
The difference between us now versus us in the 50s is that we do high-end stuff.
We still make things in the country.
We export a tremendous amount.
I don't know.
So to give away the jobs would imply that we're doing it because we're purchasing things.
We need money to purchase the things to begin with.
So I don't think you could get to that point.
Government prints the money.
Or cars made in Mexico get sold in other places too.
In the same way that you can automate jobs and you're going to destroy jobs, but you're going to create more jobs in the process by getting cheaper parts and having placesβ What jobs are created in the process of automation?
Oh, I mean like what we're doing right now.
I mean like again, if we were to go back to like 1940, more of like one of us would be a farmer in the room.