- [Other Speaker] Yes I am.

- So there's a candidate for President of the United States

who's platform, Andrew Yang is based

in part around job loss due to automation

and also in addition the need perhaps,

of universal basic income to support jobs that are,

folks who lose their job due to automation.

So what are your thoughts about his concerns,

him as a candidate, his ideas in general?

- I think his thinking is generally in the right direction,

but his approach as a presidential candidate

may be a little bit ahead of the time.

I think the displacements will happen,

but will they happen soon enough

for people to agree to vote for him.

The unemployment numbers are not very high yet

and I think he and I have the same challenge.

If I want to theoretically convince people this is an issue

and he wants to become the President,

people have to see how can this be the case

when unemployment numbers are low.

So that is the challegne.

I do agree with him on the displacement issue.

I think the main issue is retraining.

So people need to be incented

not by just giving a monthly $2,000 check, or $1,000 check

and do whatever they want,

because they don't have the know how to know what to retrain

to go into what type of a job

and guidance is needed, and retraining is needed,

because historically in technology revolutions

where routine jobs were displaced, new routine jobs came up,

but with AI and automation the whole point

is replacing all routine jobs eventually

and AI will create jobs, but it won't create routine jobs,

because if it creates routine jobs

why wouldn't an AI just do it.

So therefore, the people who are losing the jobs

are losing routine jobs.

The jobs that are becoming available are non routine jobs

so these the social stipend needs to be put in place

is for the routine workers who lost their jobs

to be retrained and then take on the job that will last

for that person's lifetime.