Martha Gimbel

Martha Gimbel there with a great team.

Part of it is that there legitimately has been an acceleration in what the technology can do over just the last couple of months.

I think there's also a broader issue, which is that people are just incredibly anxious about the economy right now and where it's going.

If you look at whether people think they're going to lose their job in six months relative to where the unemployment rate currently is, they're really negative.

And then, of course, when people are piling on saying that we aren't going to have any jobs in two years, that's not going to help.

That there really isn't any, certainly at the macroeconomic level.

You can look at the technology and you can see the potential, but you need to remember that technological-related labor market disruption is

is not instantaneous.

It happens in the context of IT policies, company concerns about liability, broader economic growth trends.

And so I think it's really important to keep all of those things in mind when talking about what jobs are going away, becoming more popular, and how fast this may happen.

I think the thing about the Industrial Revolution is you did see a really big shock to labor.

I think sometimes you hear economists talk and we will say –

at the end of technological change, living standards are higher, we are always better off.

I do want to emphasize the period of disruption can be really, really hard for people.

I am very grateful that I have a job that is more highly paid and I have higher living standards than

I also would not have wanted to be a weaver during that time period.

You know, their lives became really, really hard.

And I do think we need to think about, is our social safety net prepared for the type of disruption that could possibly be coming?

I mean, one thing, frankly, I would say is to take some of the takes that are circulating out there with a grain of salt.

People are not thinking enough about what are the barriers to get things established and going in companies, how long it takes for companies and workers to figure things out.