Martha Gimbel

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.

There's also a question of what people want.

I'm sure that at some point in the future, someone could build maybe a robot that could raise my child for me.

I'm not having a robot raise my toddler.

And I think that's a pretty common reaction.

And so we have to see how consumers respond as well.

Great certainty has been brought back to the economy of the United States and actually the economy of the world.

Thank you for having me.

I certainly feel less certain about tariffs than I felt this morning.

Just to give you an idea of what my team who looks at this has been up to today, going into this morning, tariffs were almost 17%.

Once the Supreme Court ruled, they went down to 9%.

That was at 10 a.m.