David Solomon

I am hugely optimistic.

And I think about things in five to 10 year time bites.

Like what should we expect to see over the next 10 years?

That's the way I think about things.

when I make a statement like that.

At the same point, I'm extraordinarily cognizant about the fact that it's not going to be a straight line.

There's going to be disruption.

There are going to be jobs displaced, as there have been with any other technology acceleration over the course of history.

We as an important company, and governments also do too, play a role in thinking about what's the best way to make this go as well as possible, but with the ultimate goal of having the technology make our society more productive and therefore allow for more economic growth and more participation by everyone.

And I was listening to a variety of things that were being said.

And they didn't really make sense to me.

And I thought it was important for Goldman Sachs to get into the discussion.

And so there are things that are always different.

But I generally, you know, if you want to talk about kind of fundamental principles that I have after 40 some years of doing this, it's never different this time.

Meaning, I don't think we're going to wake up in a world where nobody works and there has to be universal basic income and we have massive unemployment.

I just don't think that's the way our economy works.

And when people start talking about those things or postulating about those things, I don't think they're being thoughtful about really looking in a granular way at the labor force and how job creation works in our economy and how technology disruption in the past has changed and shifted the nature or the makeup of labor and the economy in the U.S.

Well, finance has evolved.

I started in 1984.

I recently referred to that as the prehistoric days of finance, when, by the way, I have long flowing hair.