[Script Info]
Title: 
[Events]
Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text
Dialogue: 0,0:00:00.15,0:00:01.48,Default,,0000,0000,0000,,Bryn Freedman: You're a guy
Dialogue: 0,0:00:01.50,0:00:06.09,Default,,0000,0000,0000,,whose company funds\Nthese AI programs and invests.
Dialogue: 0,0:00:06.11,0:00:11.16,Default,,0000,0000,0000,,So why should we trust you\Nto not have a bias
Dialogue: 0,0:00:11.18,0:00:14.36,Default,,0000,0000,0000,,and tell us something really useful\Nfor the rest of us
Dialogue: 0,0:00:14.38,0:00:16.60,Default,,0000,0000,0000,,about the future of work?
Dialogue: 0,0:00:17.05,0:00:18.54,Default,,0000,0000,0000,,Roy Bahat: Yes, I am.
Dialogue: 0,0:00:18.56,0:00:21.55,Default,,0000,0000,0000,,And when you wake up in the morning\Nand you read the newspaper
Dialogue: 0,0:00:21.57,0:00:25.02,Default,,0000,0000,0000,,and it says, "The robots are coming,\Nthey may take all our jobs,"
Dialogue: 0,0:00:25.05,0:00:27.58,Default,,0000,0000,0000,,as a start-up investor,\Nfocused on the future of work,
Dialogue: 0,0:00:27.60,0:00:29.92,Default,,0000,0000,0000,,our fund was the first one to say
Dialogue: 0,0:00:29.94,0:00:32.25,Default,,0000,0000,0000,,artificial intelligence\Nshould be a focus for us.
Dialogue: 0,0:00:32.28,0:00:34.53,Default,,0000,0000,0000,,So I woke up one morning\Nand read that and said,
Dialogue: 0,0:00:34.55,0:00:36.43,Default,,0000,0000,0000,,"Oh, my gosh, they're talking about me.
Dialogue: 0,0:00:36.45,0:00:38.00,Default,,0000,0000,0000,,That's me who's doing that."
Dialogue: 0,0:00:38.84,0:00:40.86,Default,,0000,0000,0000,,And then I thought, wait a minute.
Dialogue: 0,0:00:40.89,0:00:43.30,Default,,0000,0000,0000,,If things continue,
Dialogue: 0,0:00:43.32,0:00:48.58,Default,,0000,0000,0000,,then maybe not only will the start-ups\Nin which we invest struggle,
Dialogue: 0,0:00:48.60,0:00:51.16,Default,,0000,0000,0000,,because there won't people to have jobs
Dialogue: 0,0:00:51.19,0:00:54.05,Default,,0000,0000,0000,,to pay for the things\Nthat they make and buy them,
Dialogue: 0,0:00:54.07,0:00:56.99,Default,,0000,0000,0000,,but our economy and society\Nmight struggle, too.
Dialogue: 0,0:00:57.01,0:00:58.92,Default,,0000,0000,0000,,And look, I should be the guy
Dialogue: 0,0:00:58.94,0:01:01.87,Default,,0000,0000,0000,,who sits here and tells you,\N"Everything is going to be fine."
Dialogue: 0,0:01:01.90,0:01:03.50,Default,,0000,0000,0000,,It's all going to work out great.
Dialogue: 0,0:01:03.52,0:01:05.62,Default,,0000,0000,0000,,Hey, when they introduced the ATM machine,
Dialogue: 0,0:01:05.64,0:01:08.49,Default,,0000,0000,0000,,years later there's more\Ntellers in banks, it's true.
Dialogue: 0,0:01:08.51,0:01:10.47,Default,,0000,0000,0000,,And yet, when I looked at it, I thought,
Dialogue: 0,0:01:10.50,0:01:13.09,Default,,0000,0000,0000,,"This is going to accelerate,\Nand if it does accelerate
Dialogue: 0,0:01:13.12,0:01:15.13,Default,,0000,0000,0000,,there's a chance the center doesn't hold."
Dialogue: 0,0:01:15.16,0:01:17.60,Default,,0000,0000,0000,,But I figured somebody must know\Nthe answer to this,
Dialogue: 0,0:01:17.63,0:01:19.16,Default,,0000,0000,0000,,there's so many ideas out there.
Dialogue: 0,0:01:19.19,0:01:22.70,Default,,0000,0000,0000,,And I read all the books\Nand I went to the conferences,
Dialogue: 0,0:01:22.72,0:01:26.43,Default,,0000,0000,0000,,and at one point we counted\Nmore than 100 efforts
Dialogue: 0,0:01:26.46,0:01:28.36,Default,,0000,0000,0000,,to study the future of work.
Dialogue: 0,0:01:28.39,0:01:31.24,Default,,0000,0000,0000,,And it was a frustrating experience,
Dialogue: 0,0:01:31.27,0:01:35.28,Default,,0000,0000,0000,,because I'd hear the same back-and-forth\Nover and over again:
Dialogue: 0,0:01:35.31,0:01:37.08,Default,,0000,0000,0000,,"The robots are coming,"
Dialogue: 0,0:01:37.11,0:01:38.71,Default,,0000,0000,0000,,and then somebody else would say,
Dialogue: 0,0:01:38.74,0:01:40.09,Default,,0000,0000,0000,,"Oh, don't worry about that,
Dialogue: 0,0:01:40.11,0:01:42.30,Default,,0000,0000,0000,,they've always said that\Nand it turns out OK."
Dialogue: 0,0:01:42.32,0:01:43.93,Default,,0000,0000,0000,,And then somebody else would say,
Dialogue: 0,0:01:43.95,0:01:46.62,Default,,0000,0000,0000,,"Well, it's really about the meaning\Nof your job anyway."
Dialogue: 0,0:01:46.65,0:01:49.59,Default,,0000,0000,0000,,And then everybody would shrug\Nand [unclear] and have a drink.
Dialogue: 0,0:01:49.62,0:01:52.68,Default,,0000,0000,0000,,And it felt like there was this\NKabuki theater of this discussion
Dialogue: 0,0:01:52.70,0:01:54.59,Default,,0000,0000,0000,,where nobody was talking to each other.
Dialogue: 0,0:01:54.61,0:01:55.83,Default,,0000,0000,0000,,And many of the people
Dialogue: 0,0:01:55.86,0:01:58.29,Default,,0000,0000,0000,,that I knew and worked with\Nin the technology world
Dialogue: 0,0:01:58.31,0:01:59.98,Default,,0000,0000,0000,,were not speaking to policy makers,
Dialogue: 0,0:02:00.01,0:02:02.08,Default,,0000,0000,0000,,the policy makers\Nwere not speaking to them,
Dialogue: 0,0:02:02.10,0:02:05.81,Default,,0000,0000,0000,,and so we partnered with a non-partisan\Nthink tank NGO called New America
Dialogue: 0,0:02:05.83,0:02:07.17,Default,,0000,0000,0000,,to study this issue.
Dialogue: 0,0:02:07.19,0:02:09.54,Default,,0000,0000,0000,,And we brought together a group of people
Dialogue: 0,0:02:09.56,0:02:12.99,Default,,0000,0000,0000,,including an AI tzar\Nat a technology company,
Dialogue: 0,0:02:13.02,0:02:16.40,Default,,0000,0000,0000,,and a video game designer,\Nand a heartland conservative,
Dialogue: 0,0:02:16.42,0:02:19.62,Default,,0000,0000,0000,,and a Wall Street investor,\Nand a socialist magazine editor,
Dialogue: 0,0:02:19.64,0:02:22.51,Default,,0000,0000,0000,,literally, all in the same room,\Nit was occasionally awkward,
Dialogue: 0,0:02:22.53,0:02:25.24,Default,,0000,0000,0000,,and tried to figure out\Nwhat is it that will happen here.
Dialogue: 0,0:02:25.27,0:02:28.09,Default,,0000,0000,0000,,The question we asked was simple.
Dialogue: 0,0:02:28.70,0:02:32.12,Default,,0000,0000,0000,,It was, what is the effect of technology\Non work going to be?
Dialogue: 0,0:02:32.14,0:02:33.77,Default,,0000,0000,0000,,And we looked out 10 to 20 years,
Dialogue: 0,0:02:33.79,0:02:37.32,Default,,0000,0000,0000,,because we wanted to look out far enough\Nthat there could be a real change,
Dialogue: 0,0:02:37.35,0:02:40.20,Default,,0000,0000,0000,,but soon enough that we weren't\Ntalking about teleportation
Dialogue: 0,0:02:40.22,0:02:41.39,Default,,0000,0000,0000,,or anything like that.
Dialogue: 0,0:02:41.41,0:02:42.94,Default,,0000,0000,0000,,And we recognized,
Dialogue: 0,0:02:42.96,0:02:45.74,Default,,0000,0000,0000,,and I think every year\Nwe're reminded of this in the world,
Dialogue: 0,0:02:45.77,0:02:47.98,Default,,0000,0000,0000,,that predicting what's\Ngoing to happen is hard,
Dialogue: 0,0:02:47.100,0:02:50.86,Default,,0000,0000,0000,,so instead of predicting,\Nthere are other things you can do.
Dialogue: 0,0:02:50.88,0:02:53.72,Default,,0000,0000,0000,,Which is, you can try to imagine\Nalternate possible futures,
Dialogue: 0,0:02:53.74,0:02:56.63,Default,,0000,0000,0000,,which is what we did,\Nwe did a scenario-planning exercise,
Dialogue: 0,0:02:56.66,0:02:59.72,Default,,0000,0000,0000,,and we imagined cases\Nwhere no job is safe.
Dialogue: 0,0:02:59.75,0:03:02.85,Default,,0000,0000,0000,,We imagined cases where every job is safe.
Dialogue: 0,0:03:02.87,0:03:06.91,Default,,0000,0000,0000,,And we imagined every\Ndistinct possibility we could.
Dialogue: 0,0:03:06.94,0:03:10.22,Default,,0000,0000,0000,,And the result, which really surprised us,
Dialogue: 0,0:03:10.24,0:03:13.94,Default,,0000,0000,0000,,was when you think through those futures\Nand you think what should we do,
Dialogue: 0,0:03:13.97,0:03:15.69,Default,,0000,0000,0000,,the answers about what we should do
Dialogue: 0,0:03:15.71,0:03:19.10,Default,,0000,0000,0000,,actually turn out to be the same\Nno matter what happens.
Dialogue: 0,0:03:19.42,0:03:22.97,Default,,0000,0000,0000,,And the irony of looking out\N10 to 20 years into the future
Dialogue: 0,0:03:22.100,0:03:25.60,Default,,0000,0000,0000,,is you realize that the things\Nwe want to act on
Dialogue: 0,0:03:25.62,0:03:27.58,Default,,0000,0000,0000,,are actually already happening right now.
Dialogue: 0,0:03:27.61,0:03:30.40,Default,,0000,0000,0000,,The automation is right now,\Nthe future is right now.
Dialogue: 0,0:03:30.42,0:03:33.01,Default,,0000,0000,0000,,BF: So what does that mean,\Nand what does that tell us,
Dialogue: 0,0:03:33.04,0:03:35.70,Default,,0000,0000,0000,,if the future is now, what is it\Nthat we should be doing
Dialogue: 0,0:03:35.73,0:03:37.63,Default,,0000,0000,0000,,and what should we be thinking about?
Dialogue: 0,0:03:37.65,0:03:39.73,Default,,0000,0000,0000,,RB: We have to understand\Nthe problem first.
Dialogue: 0,0:03:39.76,0:03:43.80,Default,,0000,0000,0000,,And so the data are that as the economy\Nbecomes more productive,
Dialogue: 0,0:03:43.82,0:03:45.97,Default,,0000,0000,0000,,and individual workers\Nbecome more productive,
Dialogue: 0,0:03:45.99,0:03:47.25,Default,,0000,0000,0000,,their wages haven't risen.
Dialogue: 0,0:03:47.28,0:03:50.47,Default,,0000,0000,0000,,If you look at the proportion\Nof prime working-age men,
Dialogue: 0,0:03:50.49,0:03:51.98,Default,,0000,0000,0000,,in the United States at least,
Dialogue: 0,0:03:52.01,0:03:55.76,Default,,0000,0000,0000,,who work now versus in 1960,
Dialogue: 0,0:03:55.78,0:03:58.25,Default,,0000,0000,0000,,we have three times\Nas many men not working,
Dialogue: 0,0:03:58.27,0:03:59.75,Default,,0000,0000,0000,,and then you hear the stories.
Dialogue: 0,0:03:59.78,0:04:01.81,Default,,0000,0000,0000,,I sat down with a group\Nof Walmart workers
Dialogue: 0,0:04:01.83,0:04:04.19,Default,,0000,0000,0000,,and I said, "What do you think\Nabout this cashier,
Dialogue: 0,0:04:04.21,0:04:06.07,Default,,0000,0000,0000,,this futuristic self-check out thing?"
Dialogue: 0,0:04:06.09,0:04:07.25,Default,,0000,0000,0000,,They said, "That's nice,
Dialogue: 0,0:04:07.28,0:04:09.29,Default,,0000,0000,0000,,but have you heard\Nabout the cash recycler,
Dialogue: 0,0:04:09.32,0:04:11.69,Default,,0000,0000,0000,,that's a machine that's being\Ninstalled right now,
Dialogue: 0,0:04:11.71,0:04:14.29,Default,,0000,0000,0000,,it's eliminating two jobs\Nat every Walmart right now."
Dialogue: 0,0:04:14.32,0:04:16.56,Default,,0000,0000,0000,,And we thought we didn't\Nunderstand the problem,
Dialogue: 0,0:04:16.58,0:04:20.46,Default,,0000,0000,0000,,and we looked at the voices\Nthat were the ones that were excluded.
Dialogue: 0,0:04:20.48,0:04:23.12,Default,,0000,0000,0000,,Which is, all of the people\Naffected by this change.
Dialogue: 0,0:04:23.15,0:04:24.74,Default,,0000,0000,0000,,And we decided to listen to them,
Dialogue: 0,0:04:24.76,0:04:26.74,Default,,0000,0000,0000,,sort of, automation and its discontents.
Dialogue: 0,0:04:26.77,0:04:29.01,Default,,0000,0000,0000,,I've spent the last\Ncouple of years doing that.
Dialogue: 0,0:04:29.04,0:04:31.47,Default,,0000,0000,0000,,I've been to Flint, Michigan,\Nand Youngstown, Ohio,
Dialogue: 0,0:04:31.49,0:04:32.87,Default,,0000,0000,0000,,talking about entrepreneurs,
Dialogue: 0,0:04:32.90,0:04:35.43,Default,,0000,0000,0000,,trying to make it work\Nin a very different environment
Dialogue: 0,0:04:35.45,0:04:38.07,Default,,0000,0000,0000,,from New York or San Francisco\Nor London or Tokyo.
Dialogue: 0,0:04:38.74,0:04:40.12,Default,,0000,0000,0000,,I've been to prisons twice,
Dialogue: 0,0:04:40.14,0:04:42.71,Default,,0000,0000,0000,,to talk to inmates about\Ntheir jobs after they leave.
Dialogue: 0,0:04:43.08,0:04:46.82,Default,,0000,0000,0000,,I've sat down with truck drivers\Nto ask them about the self-driving truck,
Dialogue: 0,0:04:46.85,0:04:49.30,Default,,0000,0000,0000,,with people who, in addition\Nto their full-time job,
Dialogue: 0,0:04:49.33,0:04:51.11,Default,,0000,0000,0000,,care for an aging relative,
Dialogue: 0,0:04:51.13,0:04:52.70,Default,,0000,0000,0000,,and when you talk to people,
Dialogue: 0,0:04:52.72,0:04:55.60,Default,,0000,0000,0000,,there were two themes\Nthat came out loud and clear.
Dialogue: 0,0:04:56.28,0:05:01.13,Default,,0000,0000,0000,,The first one was that people\Nare less looking for more money
Dialogue: 0,0:05:01.15,0:05:04.43,Default,,0000,0000,0000,,or get out of the fear\Nof the robot taking their job,
Dialogue: 0,0:05:04.46,0:05:06.35,Default,,0000,0000,0000,,and they just want something stable.
Dialogue: 0,0:05:06.38,0:05:07.92,Default,,0000,0000,0000,,They want something predictable.
Dialogue: 0,0:05:07.94,0:05:11.61,Default,,0000,0000,0000,,So if you survey people and ask them\Nwhat they want out of work,
Dialogue: 0,0:05:11.64,0:05:15.12,Default,,0000,0000,0000,,for everybody who makes\Nless than 150,000 dollars a year,
Dialogue: 0,0:05:15.14,0:05:18.50,Default,,0000,0000,0000,,they'll take a more stable\Nand secure income, on average,
Dialogue: 0,0:05:18.52,0:05:20.39,Default,,0000,0000,0000,,over earning more money.
Dialogue: 0,0:05:20.41,0:05:22.62,Default,,0000,0000,0000,,And if you think about the fact that
Dialogue: 0,0:05:22.65,0:05:26.04,Default,,0000,0000,0000,,not only for all of the people\Nacross the earth who don't earn a living,
Dialogue: 0,0:05:26.06,0:05:27.25,Default,,0000,0000,0000,,but for those who do,
Dialogue: 0,0:05:27.28,0:05:30.24,Default,,0000,0000,0000,,the vast majority earn a different\Namount from month to month
Dialogue: 0,0:05:30.26,0:05:31.47,Default,,0000,0000,0000,,and have an instability,
Dialogue: 0,0:05:31.50,0:05:32.90,Default,,0000,0000,0000,,all of a sudden you realize,
Dialogue: 0,0:05:32.92,0:05:35.47,Default,,0000,0000,0000,,"Wait a minute, we have\Na real problem on our hands."
Dialogue: 0,0:05:35.49,0:05:39.16,Default,,0000,0000,0000,,And the second thing they say,\Nwhich took us a longer time to understand,
Dialogue: 0,0:05:39.19,0:05:41.52,Default,,0000,0000,0000,,is that they say they want dignity.
Dialogue: 0,0:05:41.89,0:05:47.01,Default,,0000,0000,0000,,And that concept\Nof self-worth through work
Dialogue: 0,0:05:47.03,0:05:49.64,Default,,0000,0000,0000,,emerged again and again\Nand again in our conversations.
Dialogue: 0,0:05:49.66,0:05:52.65,Default,,0000,0000,0000,,BF: So, I certainly\Nappreciate this answer,
Dialogue: 0,0:05:52.67,0:05:54.06,Default,,0000,0000,0000,,but you can't eat dignity,
Dialogue: 0,0:05:54.08,0:05:57.05,Default,,0000,0000,0000,,you can't clothe your children\Nwith self-esteem.
Dialogue: 0,0:05:57.08,0:06:02.42,Default,,0000,0000,0000,,So, what is that, how do you reconcile\Nwhat does dignity mean
Dialogue: 0,0:06:02.44,0:06:06.12,Default,,0000,0000,0000,,and what is the relationship\Nbetween dignity and stability?
Dialogue: 0,0:06:06.14,0:06:07.39,Default,,0000,0000,0000,,RB: You can't eat dignity.
Dialogue: 0,0:06:07.42,0:06:08.62,Default,,0000,0000,0000,,You need stability first.
Dialogue: 0,0:06:08.65,0:06:09.89,Default,,0000,0000,0000,,And the good news is,
Dialogue: 0,0:06:09.91,0:06:12.67,Default,,0000,0000,0000,,many of the conversations\Nthat are happening right now,
Dialogue: 0,0:06:12.69,0:06:14.25,Default,,0000,0000,0000,,are about how we solve that.
Dialogue: 0,0:06:14.28,0:06:18.14,Default,,0000,0000,0000,,You know, I'm a proponent\Nof studying guaranteed income,
Dialogue: 0,0:06:18.16,0:06:19.44,Default,,0000,0000,0000,,as one example.
Dialogue: 0,0:06:19.47,0:06:21.75,Default,,0000,0000,0000,,Conversations about how\Nhealth care gets provided
Dialogue: 0,0:06:21.78,0:06:23.02,Default,,0000,0000,0000,,and other benefits.
Dialogue: 0,0:06:23.04,0:06:24.82,Default,,0000,0000,0000,,Those conversations are happening,
Dialogue: 0,0:06:24.84,0:06:27.24,Default,,0000,0000,0000,,and we're at a time\Nwhere we must figure that out,
Dialogue: 0,0:06:27.26,0:06:28.90,Default,,0000,0000,0000,,it is the crisis of our era.
Dialogue: 0,0:06:28.93,0:06:31.84,Default,,0000,0000,0000,,And my point of view\Nafter talking to people
Dialogue: 0,0:06:31.86,0:06:33.90,Default,,0000,0000,0000,,is that we may do that,
Dialogue: 0,0:06:33.93,0:06:35.51,Default,,0000,0000,0000,,and it still might not be enough.
Dialogue: 0,0:06:35.53,0:06:37.71,Default,,0000,0000,0000,,Because what we need to do\Nfrom the beginning,
Dialogue: 0,0:06:37.74,0:06:40.67,Default,,0000,0000,0000,,is understand what it is about work\Nthat gives people dignity,
Dialogue: 0,0:06:40.70,0:06:43.97,Default,,0000,0000,0000,,so that they can live\Nthe lives that they want to live.
Dialogue: 0,0:06:43.99,0:06:48.00,Default,,0000,0000,0000,,And so that concept of dignity is ...
Dialogue: 0,0:06:48.03,0:06:49.97,Default,,0000,0000,0000,,it's difficult to get your hands around.
Dialogue: 0,0:06:49.99,0:06:53.43,Default,,0000,0000,0000,,Because what many people hear,\Nand especially, to be honest, rich people,
Dialogue: 0,0:06:53.45,0:06:54.65,Default,,0000,0000,0000,,they hear meaning.
Dialogue: 0,0:06:54.68,0:06:56.59,Default,,0000,0000,0000,,They hear "my work is important to me."
Dialogue: 0,0:06:56.62,0:06:58.16,Default,,0000,0000,0000,,And again, if you survey people,
Dialogue: 0,0:06:58.18,0:07:00.36,Default,,0000,0000,0000,,and you ask them,
Dialogue: 0,0:07:00.38,0:07:03.88,Default,,0000,0000,0000,,"How important is it to you\Nthat your work be important to you?"
Dialogue: 0,0:07:03.90,0:07:07.20,Default,,0000,0000,0000,,only people who make\N150,000 dollars a year or more
Dialogue: 0,0:07:07.23,0:07:11.28,Default,,0000,0000,0000,,say that it is important to them\Nthat their work be important.
Dialogue: 0,0:07:12.05,0:07:13.28,Default,,0000,0000,0000,,BF: Meaning, meaningful?
Dialogue: 0,0:07:13.74,0:07:16.50,Default,,0000,0000,0000,,RB: Just defined as,\N"Is your work important to you?"
Dialogue: 0,0:07:17.98,0:07:19.70,Default,,0000,0000,0000,,Whatever somebody took that to mean.
Dialogue: 0,0:07:19.72,0:07:21.68,Default,,0000,0000,0000,,And yet, of course dignity is essential,
Dialogue: 0,0:07:21.70,0:07:23.47,Default,,0000,0000,0000,,we talked to truck drivers who said,
Dialogue: 0,0:07:23.49,0:07:25.05,Default,,0000,0000,0000,,"I saw my cousin drive,
Dialogue: 0,0:07:25.08,0:07:27.34,Default,,0000,0000,0000,,and I got on the open road\Nand it was amazing,
Dialogue: 0,0:07:27.36,0:07:30.43,Default,,0000,0000,0000,,and I started making more money\Nthan people who went to college."
Dialogue: 0,0:07:30.46,0:07:32.66,Default,,0000,0000,0000,,And then they'd get\Nto the end of their thought
Dialogue: 0,0:07:32.68,0:07:33.87,Default,,0000,0000,0000,,and say something like,
Dialogue: 0,0:07:33.90,0:07:36.48,Default,,0000,0000,0000,,People need their fruits\Nand vegetables in the morning,
Dialogue: 0,0:07:36.51,0:07:38.15,Default,,0000,0000,0000,,I'm the guy who gets it to them."
Dialogue: 0,0:07:38.18,0:07:40.72,Default,,0000,0000,0000,,And we talked to somebody who,\Nin addition to his job,
Dialogue: 0,0:07:40.74,0:07:41.94,Default,,0000,0000,0000,,was caring for his aunt.
Dialogue: 0,0:07:41.97,0:07:44.88,Default,,0000,0000,0000,,He was making plenty of money,\Nand at one point we just asked,
Dialogue: 0,0:07:44.90,0:07:48.76,Default,,0000,0000,0000,,"What is it about caring for your aunt,\Ncan't you pay somebody to do it?"
Dialogue: 0,0:07:48.78,0:07:52.20,Default,,0000,0000,0000,,He said, "My aunt doesn't want\Nsomebody we pay for, she wants me."
Dialogue: 0,0:07:52.60,0:07:56.27,Default,,0000,0000,0000,,And so there was this\Nconcept there of being needed.
Dialogue: 0,0:07:56.29,0:07:58.82,Default,,0000,0000,0000,,And if you study the word\N"dignity," it's fascinating,
Dialogue: 0,0:07:58.85,0:08:01.34,Default,,0000,0000,0000,,it's one of the oldest words\Nin the English language,
Dialogue: 0,0:08:01.36,0:08:03.47,Default,,0000,0000,0000,,it's from antiquity\Nand it has two meanings:
Dialogue: 0,0:08:03.50,0:08:04.67,Default,,0000,0000,0000,,one is self-worth,
Dialogue: 0,0:08:04.70,0:08:08.65,Default,,0000,0000,0000,,and the other is that something\Nis suitable, it's fitting.
Dialogue: 0,0:08:08.68,0:08:11.54,Default,,0000,0000,0000,,Meaning that you're part\Nof something greater than yourself,
Dialogue: 0,0:08:11.56,0:08:15.05,Default,,0000,0000,0000,,and it connects to some broader whole,\Nin other words, that you're needed.
Dialogue: 0,0:08:15.07,0:08:16.95,Default,,0000,0000,0000,,BF: So how do you answer this question,
Dialogue: 0,0:08:16.97,0:08:21.39,Default,,0000,0000,0000,,this concept that we don't pay teachers,\Nand elder-care workers
Dialogue: 0,0:08:21.41,0:08:24.54,Default,,0000,0000,0000,,and we don't pay people\Nwho really care for people
Dialogue: 0,0:08:24.56,0:08:26.85,Default,,0000,0000,0000,,and are needed, enough?
Dialogue: 0,0:08:26.87,0:08:30.06,Default,,0000,0000,0000,,RB: Well, the good news is,\Npeople are finally asking the question,
Dialogue: 0,0:08:30.09,0:08:32.38,Default,,0000,0000,0000,,so as AI investors,\Nwe often get phone calls
Dialogue: 0,0:08:32.40,0:08:35.13,Default,,0000,0000,0000,,from foundations or CEOs\Nand boardrooms saying,
Dialogue: 0,0:08:35.16,0:08:36.49,Default,,0000,0000,0000,,"What do we do about this?"
Dialogue: 0,0:08:36.52,0:08:37.82,Default,,0000,0000,0000,,And they used to be asking,
Dialogue: 0,0:08:37.85,0:08:39.96,Default,,0000,0000,0000,,"What do we do about\Nintroducing automation?"
Dialogue: 0,0:08:39.98,0:08:42.68,Default,,0000,0000,0000,,And now they're asking,\N"What do we do about self-worth?"
Dialogue: 0,0:08:42.70,0:08:45.12,Default,,0000,0000,0000,,And they know that the employees\Nwho work for them,
Dialogue: 0,0:08:45.15,0:08:47.37,Default,,0000,0000,0000,,who have a spouse who cares for somebody,
Dialogue: 0,0:08:47.40,0:08:50.92,Default,,0000,0000,0000,,that dignity is essential to their\Nability to just do their job.
Dialogue: 0,0:08:50.94,0:08:52.74,Default,,0000,0000,0000,,I think there's two kinds of answers:
Dialogue: 0,0:08:52.77,0:08:55.27,Default,,0000,0000,0000,,there's the money side\Nof just making your life work.
Dialogue: 0,0:08:55.29,0:08:56.44,Default,,0000,0000,0000,,That's stability.
Dialogue: 0,0:08:56.47,0:08:57.62,Default,,0000,0000,0000,,You need to eat.
Dialogue: 0,0:08:57.64,0:08:59.100,Default,,0000,0000,0000,,And then you think about\Nour culture more broadly,
Dialogue: 0,0:09:00.02,0:09:02.68,Default,,0000,0000,0000,,and you ask who do we make into heroes?
Dialogue: 0,0:09:02.70,0:09:07.16,Default,,0000,0000,0000,,And, you know, what I want\Nis to see the magazine cover
Dialogue: 0,0:09:07.19,0:09:09.85,Default,,0000,0000,0000,,that is the person\Nwho is the heroic caregiver.
Dialogue: 0,0:09:10.29,0:09:13.02,Default,,0000,0000,0000,,Or the Netflix series\Nthat dramatizes the person
Dialogue: 0,0:09:13.05,0:09:16.28,Default,,0000,0000,0000,,who makes all of our other lives work\Nso we can do the things we do.
Dialogue: 0,0:09:16.31,0:09:18.16,Default,,0000,0000,0000,,Let's make heroes out of those people,
Dialogue: 0,0:09:18.18,0:09:20.21,Default,,0000,0000,0000,,that's the Netflix show\Nthat I would binge.
Dialogue: 0,0:09:20.24,0:09:22.51,Default,,0000,0000,0000,,And we've had chroniclers of this before,
Dialogue: 0,0:09:22.54,0:09:23.73,Default,,0000,0000,0000,,Studs Terkel,
Dialogue: 0,0:09:23.75,0:09:27.46,Default,,0000,0000,0000,,the oral history of the working\Nexperience in the United States.
Dialogue: 0,0:09:27.48,0:09:30.63,Default,,0000,0000,0000,,And what we need is the experience\Nof needing one another
Dialogue: 0,0:09:30.66,0:09:32.28,Default,,0000,0000,0000,,and being connected to each other.
Dialogue: 0,0:09:32.31,0:09:35.35,Default,,0000,0000,0000,,Maybe that's the answer\Nfor how we all fit as a society.
Dialogue: 0,0:09:35.37,0:09:38.59,Default,,0000,0000,0000,,And the thought exercise to me\Nis if you were to go back 100 years,
Dialogue: 0,0:09:38.62,0:09:41.59,Default,,0000,0000,0000,,and have people, you know,\Nmy grandparents, great-grandparents,
Dialogue: 0,0:09:41.61,0:09:43.49,Default,,0000,0000,0000,,a tailor, worked in a mine,
Dialogue: 0,0:09:43.51,0:09:45.58,Default,,0000,0000,0000,,they look at what all of us\Ndo for a living,
Dialogue: 0,0:09:45.61,0:09:47.34,Default,,0000,0000,0000,,they say, "That's not work."
Dialogue: 0,0:09:47.36,0:09:51.13,Default,,0000,0000,0000,,We sit there and type and talk\Nand there's no danger of getting hurt.
Dialogue: 0,0:09:51.53,0:09:55.02,Default,,0000,0000,0000,,And my guess is that if you were\Nto imagine 100 years from now,
Dialogue: 0,0:09:55.04,0:09:57.06,Default,,0000,0000,0000,,we'll still be doing things\Nfor each other.
Dialogue: 0,0:09:57.09,0:09:58.55,Default,,0000,0000,0000,,We'll still need one another.
Dialogue: 0,0:09:58.57,0:10:00.51,Default,,0000,0000,0000,,And we just will think of it as work.
Dialogue: 0,0:10:00.54,0:10:02.21,Default,,0000,0000,0000,,The entire thing I'm trying to say
Dialogue: 0,0:10:02.24,0:10:05.11,Default,,0000,0000,0000,,is that dignity should not\Njust be about having a job.
Dialogue: 0,0:10:05.13,0:10:07.99,Default,,0000,0000,0000,,Because if you say\Nyou need a job to have dignity,
Dialogue: 0,0:10:08.01,0:10:09.46,Default,,0000,0000,0000,,which many people say,
Dialogue: 0,0:10:09.48,0:10:12.30,Default,,0000,0000,0000,,the second you say that,\Nyou say to all the parents,
Dialogue: 0,0:10:12.32,0:10:14.77,Default,,0000,0000,0000,,and all the teachers\Nand all the caregivers
Dialogue: 0,0:10:14.79,0:10:15.97,Default,,0000,0000,0000,,that all of a sudden,
Dialogue: 0,0:10:15.99,0:10:18.54,Default,,0000,0000,0000,,because they're not being paid\Nfor what they're doing,
Dialogue: 0,0:10:18.56,0:10:20.85,Default,,0000,0000,0000,,it somehow lacks this\Nessential human quality.
Dialogue: 0,0:10:20.88,0:10:22.98,Default,,0000,0000,0000,,To me, that's the great\Npuzzle of our time --
Dialogue: 0,0:10:23.01,0:10:26.12,Default,,0000,0000,0000,,can we figure out how to provide\Nthat stability throughout life,
Dialogue: 0,0:10:26.14,0:10:28.67,Default,,0000,0000,0000,,and then can we figure out\Nhow to create an inclusive,
Dialogue: 0,0:10:28.70,0:10:32.96,Default,,0000,0000,0000,,not just racially, gender,\Nbut multigenerationally inclusive,
Dialogue: 0,0:10:32.99,0:10:37.21,Default,,0000,0000,0000,,I mean, every different human experience
Dialogue: 0,0:10:37.23,0:10:41.10,Default,,0000,0000,0000,,included in this way of understanding\Nhow we can be needed by one another.
Dialogue: 0,0:10:41.12,0:10:42.48,Default,,0000,0000,0000,,BF: Thank you.\NRB: Thank you.
Dialogue: 0,0:10:42.51,0:10:44.71,Default,,0000,0000,0000,,BF: Thank you very much\Nfor your participation.
Dialogue: 0,0:10:44.73,0:10:45.88,Default,,0000,0000,0000,,(Applause)