James Manyika

And I think you'll find that many of them, not all of them, many of them are relatively small, at least small relative to the scale of the reskilling that we need to do.

Now, there have been a few big ones.

I happen to like, for example, Walmart has had these Walmart Academies.

It's been written about publicly quite a bit.

And what's interesting about that is it's one of the few

really large-scale reskilling, retraining programs through their academies.

Because I think then something like, I can't remember from reading this, but they've put something like 800,000 people through those academies.

I like that example simply because the numbers start to sound big and meaningful.

Now, you know, I don't know, I haven't evaluated the programs, but are they good?

But I think the scale is about right, right?

So the reskilling and scale is going to be really important, number one.

The other thing we're going to need to think about is how do we address the wage question?

Now, the wage question is important for lots of reasons here.

One is, if you remember early in our conversation, we talked about the fact that over the last two decades, for many people, wages haven't gone up in relative wage stagnation, at least relative compared to rates of inflation or the cost of living and how things have gone up.

wages haven't gone up.

So the wage stagnation is one we already have before we think about technology.

But then as we've just discussed, technology may even exacerbate that even when there are jobs.

And the continuing changing structure of our economy will also exacerbate that.

So what do we do about the wage question?

So one could consider raising minimum wage, right?