Jeffrey Sachs

Actually, Bismarck in the new German state in the 1870s and 1880s invented public pensions as a way to ensure that this booming economy would help more and more people.

Well, this has been a repeated phenomenon.

big technological advance, the overall size of the economy increases, but the way that the pie is divided in the proverbial expression changes dramatically.

And we're going to have that with AI as well.

And the American political system for at least 50 years has been

don't help anyone.

We're on our own.

Good luck to you.

And in an AI era, that would prove devastating.

Now, Trump appealed to those who are suffering, both in 2016 and 2024, on a

clever political messaging that was fundamentally false.

He said, China took your jobs.

He said, the migrants took your jobs.

He didn't say technology has changed how we live and redistributed the national income.

is the right answer.

There are no jobs coming back from China.

By the way, I go to Chinese factories all the time.

They don't have workers in them anymore because they're all automated.

There aren't jobs coming back from China.

What we have is a technological revolution