Scott Santens

And so those were good paying jobs, union 60K kind of jobs.

And then so those people are out of work and where do they go?

They actually tend to go more off the knot down to the lower skill spectrum.

Those are the jobs that are being created in mass essentially over the decades.

We're creating more and more low skilled jobs.

So that means those jobs traditionally are also lower income.

So as long as people need income to survive,

they're going to have to go back into the labor market and they have less and less bargaining power because machines can do more.

And therefore, you're competing against each other to lower your wages down.

So a lot of the story of automation is actually not only about unemployment, but about underemployment.

Automation should be good.

Automation should work for all of us, except the problem is that it doesn't.

We have to make it work for all of us.

It doesn't just happen.

So technology is a tool, and we're not using that tool to benefit everybody.

Right now, those tools essentially only benefit the owners of those tools, and we are not claiming any ownership of that.

So it's just increasing inequality greatly.

Yeah, I think that it's important to have that perception that this is a return on our investment.

So like in Alaska, there has been a universal dividend since 1982.

They received that because they believe that the oil of Alaska is something that they essentially all co-own.