Gary Sutton

And technology allows for the creation of new jobs, sometimes new industries.

But you end up having this gap.

So there's a gap between, okay, we have jobs that are impacted, and then it takes a little longer for us to identify the new jobs that need to be created.

And I think we're in one of those gaps right now.

I agree.

Short-term pain for long-term benefit.

Schumpeter called these phases creative destruction.

because he said that economies are basically resetting themselves and gearing themselves up for even further growth.

But yeah, you go through this temporary phase of turmoil and uncertainty because you have the job loss first.

We're very specific on the jobs that are going to be impacted.

Some people say, whether it's Mark Zuckerberg or Jeff Bezos has said similarly recently, yeah, we're going to create new jobs.

But we don't exactly know what those are yet.

So we're still in this phase of uncertainty.

But I'm optimistic that...

It's not going to be the Karl Marx scenario or the scenario that was presented in this paper that was released a few weeks ago.

It's going to be, yeah, we're going to be in a period of uncertainty and some further turmoil for a while, but I see it as being very finite and very temporary.

And if history is any guide, we'll eventually figure out that we need other roles.

We need other jobs to be created and to combine those jobs with the new technology, and that will spur economic growth.

We just don't know exactly what those jobs are yet.

Oh, yeah.