JD Vance

Maybe we're over-indexed in software, but we're under-indexed in the real kind of technology that boosts productivity.

So I'm not saying there won't be job displacement, but I always think of the example of the bank teller.

In the 1970s, when the ATM machine, the automated teller machine was created,

there was a whole host of articles about how this would destroy a ton of middle-class jobs in the banking sector what actually happened is we have more bank tellers now than we did in the 1970s they do slightly different jobs and they're more productive and they earn higher wages but i think that's the story of technology productivity is fundamentally good now there is a a displacement that i worry about and i you know i was frankly not even aware this was an issue until a couple of weeks ago and i'm trying to dig into it a little bit

which is where on the one hand you see some silicon valley technology firms especially the big firms say that they are desperate for workers that they can't find for work workers that they have to use you know overseas visa programs to find workers and yet at the same time the college educated employment rate for stem graduates in this country seems to be declining yeah

Well, wait a second.

If you're not hiring American workers coming out of colleges for these jobs, then how can you say that you have a massive shortage in these jobs?

And by the way, you see some big tech companies where they'll lay off 9,000 workers

and then they'll apply for a bunch of overseas visas.

And I sort of wonder, that doesn't totally make sense to me.

That displacement and that math worries me a bit.

And what the president has said, he said very clearly, we want the very best and the brightest to make America their home.

We want them to build great companies and so forth.

But I don't want companies to fire 9,000 American workers and then to go and say, we can't find workers here in America.

That's a bullshit story in

Have you talked to them about it?

I have not.

I just became aware of this a couple weeks ago.

Somebody sent me an article about this, and they said, well, you know, and it maybe was Microsoft.

It was Microsoft.