Rick Rieder

It's actually, this is an economy that's more asset-oriented than labor-oriented, and that cohort, I don't want to understate this, we have a problem in terms, we need to employ more people, but that cohort isn't that much in terms of aggregate spend.

so the economy can continue to motor along.

And productivity, I mean, you watch it play out every day.

I mean, now the equity market has taken it on about where is productivity manifesting itself effectively.

Some spaces, not other.

Who are the winners?

Who's building a moat?

Who's not going to be a winner in this?

But at the core, you're watching something play out that's pretty historic.

Well, Mike's a very smart guy.

I would say a couple of things.

I chair the board of, we have 14 charter schools in Newark, New Jersey.

We just had a discussion this week at our board meeting about what is our curriculum going forward?

How does AI evolve

how we teach kids, what are the disciplines we're teaching our kids for going forward?

How do we use AI to augment a traditional teaching process?

This is all new territory, and this is all new land in terms of where we're going.

Listen, I think there's a bunch of things that have been standard operating procedure that we used to teach people for, and quite frankly, AI is gonna fulfill that function going forward.

I still think learning,

And interacting with people and the core of education will be sincere to what it was.