Jonathan Herzog

by all accounts, nearly 50% of Americans cannot afford an unexpected $500 bill.

And so people have

1, 2, 3, 4 jobs, multiple gigs.

But they don't have enough cash.

So that is exactly why proponents of technology and automation like Musk, like Sam Altman, and many techies in Silicon Valley have come on board with a universal basic income because they see firsthand what you're describing, which is

We automate millions of the manufacturing jobs, millions of the retail jobs, of call center jobs, of truck driving and transportation jobs over the coming years.

That's half of all American jobs.

But we shouldn't be focused on protecting jobs.

We should be focused on protecting people.

And what people need to start their businesses, to pursue their passion, to do what they want to do, is they need cash.

They need capital.

Yes.

So this is such an important question.

And your take on it is very perceptive because we use inflation as this kind of catch-all terms.

But to your exact point, actually, if you look at the core drivers of inflation today, it's education, housing, and healthcare, these highly broken, highly regulated markets.

And if you take education as an example,

where the increase in tuition has outpaced inflation by a really shocking order of magnitude, going up, I think, 250% over the past just even two and a half decades or so.

But has the value of a college degree, has the quality of the education really gone up?

That's questionable.

Exactly.