[Script Info]
Title: 
[Events]
Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text
Dialogue: 0,0:00:00.15,0:00:06.09,Default,,0000,0000,0000,,Bryn Freedman: You're a guy whose company\Nfunds these 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: 0,0:00:14.38,0:00:16.68,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: 0,0:00:34.55,0:00:38.00,Default,,0000,0000,0000,,"Oh, my gosh, they're talking about me.\NThat'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 be 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: 0,0:00:57.01,0:01:00.23,Default,,0000,0000,0000,,And look, I should be the guy\Nwho sits here and tells you,
Dialogue: 0,0:01:00.26,0:01:03.39,Default,,0000,0000,0000,,"Everything is going to be fine.\NIt's all going to work out great.
Dialogue: 0,0:01:03.41,0:01:05.44,Default,,0000,0000,0000,,Hey, when they introduced the ATM machine,
Dialogue: 0,0:01:05.47,0:01:07.60,Default,,0000,0000,0000,,years later, there's more\Ntellers in banks."
Dialogue: 0,0:01:07.63,0:01:08.79,Default,,0000,0000,0000,,It's true.
Dialogue: 0,0:01:08.81,0:01:12.13,Default,,0000,0000,0000,,And yet, when I looked at it, I thought,\N"This is going to accelerate.
Dialogue: 0,0:01:12.15,0:01:15.41,Default,,0000,0000,0000,,And if it does accelerate,\Nthere's a chance the center doesn't hold."
Dialogue: 0,0:01:15.44,0:01:17.92,Default,,0000,0000,0000,,But I figured somebody must know\Nthe answer to this;
Dialogue: 0,0:01:17.94,0:01:19.62,Default,,0000,0000,0000,,there are so many ideas out there.
Dialogue: 0,0:01:19.64,0:01:22.70,Default,,0000,0000,0000,,And I read all the books,\Nand I went to the conferences,
Dialogue: 0,0:01:22.72,0:01:28.36,Default,,0000,0000,0000,,and at one point, we counted more than\N100 efforts 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: 0,0:01:38.74,0:01:42.30,Default,,0000,0000,0000,,"Oh, don't worry about that, they've\Nalways said that and it turns out OK."
Dialogue: 0,0:01:42.32,0:01:43.71,Default,,0000,0000,0000,,Then somebody else would say,
Dialogue: 0,0:01:43.74,0:01:46.47,Default,,0000,0000,0000,,"Well, it's really about the meaning\Nof your job, anyway."
Dialogue: 0,0:01:46.49,0:01:49.28,Default,,0000,0000,0000,,And then everybody would shrug\Nand go off and have a drink.
Dialogue: 0,0:01:49.30,0:01:52.40,Default,,0000,0000,0000,,And it felt like there was this\NKabuki theater of this discussion,
Dialogue: 0,0:01:52.43,0:01:54.30,Default,,0000,0000,0000,,where nobody was talking to each other.
Dialogue: 0,0:01:54.32,0:01:57.81,Default,,0000,0000,0000,,And many of the people that I knew\Nand worked with in the technology world
Dialogue: 0,0:01:57.84,0:01:59.51,Default,,0000,0000,0000,,were not speaking to policy makers;
Dialogue: 0,0:01:59.53,0:02:01.60,Default,,0000,0000,0000,,the policy makers\Nwere not speaking to them.
Dialogue: 0,0:02:01.63,0:02:05.81,Default,,0000,0000,0000,,And so we partnered with a nonpartisan\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 czar\Nat a technology company
Dialogue: 0,0:02:13.02,0:02:14.89,Default,,0000,0000,0000,,and a video game designer
Dialogue: 0,0:02:14.91,0:02:16.40,Default,,0000,0000,0000,,and a heartland conservative
Dialogue: 0,0:02:16.42,0:02:17.66,Default,,0000,0000,0000,,and a Wall Street investor
Dialogue: 0,0:02:17.69,0:02:19.65,Default,,0000,0000,0000,,and a socialist magazine editor --
Dialogue: 0,0:02:19.67,0:02:22.64,Default,,0000,0000,0000,,literally, all in the same room;\Nit was occasionally awkward --
Dialogue: 0,0:02:22.66,0:02:25.24,Default,,0000,0000,0000,,to try 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: 0,0:02:33.79,0:02:37.28,Default,,0000,0000,0000,,because we wanted to look out far enough\Nthat there could be real change,
Dialogue: 0,0:02:37.30,0:02:41.27,Default,,0000,0000,0000,,but soon enough that we weren't talking\Nabout teleportation or anything like that.
Dialogue: 0,0:02:41.29,0:02:42.67,Default,,0000,0000,0000,,And we recognized --
Dialogue: 0,0:02:42.70,0:02:45.74,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: 0,0:02:50.88,0:02:53.68,Default,,0000,0000,0000,,You can try to imagine\Nalternate possible futures,
Dialogue: 0,0:02:53.70,0:02:54.85,Default,,0000,0000,0000,,which is what we did.
Dialogue: 0,0:02:54.88,0:02:56.63,Default,,0000,0000,0000,,We 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: 0,0:03:13.97,0:03:17.88,Default,,0000,0000,0000,,the answers about what we should do\Nactually turn out to be the same,
Dialogue: 0,0:03:17.90,0:03:19.40,Default,,0000,0000,0000,,no matter what happens.
Dialogue: 0,0:03:19.42,0:03:23.17,Default,,0000,0000,0000,,And the irony of looking out\N10 to 20 years into the future is,
Dialogue: 0,0:03:23.19,0:03:25.60,Default,,0000,0000,0000,,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: 0,0:03:33.04,0:03:35.74,Default,,0000,0000,0000,,If the future is now, what is it\Nthat we should be doing,
Dialogue: 0,0:03:35.76,0:03:37.63,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: 0,0:03:58.27,0:03:59.72,Default,,0000,0000,0000,,And then you hear the stories.
Dialogue: 0,0:03:59.74,0:04:02.18,Default,,0000,0000,0000,,I sat down with a group\Nof Walmart workers and said,
Dialogue: 0,0:04:02.20,0:04:05.84,Default,,0000,0000,0000,,"What do you think about this cashier,\Nthis futuristic self-checkout thing?"
Dialogue: 0,0:04:05.87,0:04:09.07,Default,,0000,0000,0000,,They said, "That's nice, but have\Nyou heard about the cash recycler?
Dialogue: 0,0:04:09.10,0:04:11.47,Default,,0000,0000,0000,,That's a machine that's being\Ninstalled right now,
Dialogue: 0,0:04:11.50,0:04:14.13,Default,,0000,0000,0000,,and is eliminating two jobs\Nat every Walmart right now."
Dialogue: 0,0:04:14.16,0:04:17.20,Default,,0000,0000,0000,,And so we just thought, "Geez. We don't\Nunderstand the problem."
Dialogue: 0,0:04:17.22,0:04:20.50,Default,,0000,0000,0000,,And so we looked at the voices\Nthat were the ones that were excluded,
Dialogue: 0,0:04:20.52,0:04:23.12,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: 0,0:04:26.77,0:04:29.17,Default,,0000,0000,0000,,And I've spent the last\Ncouple of years doing that.
Dialogue: 0,0:04:29.20,0:04:31.59,Default,,0000,0000,0000,,I've been to Flint, Michigan,\Nand Youngstown, Ohio,
Dialogue: 0,0:04:31.62,0:04:34.05,Default,,0000,0000,0000,,talking about entrepreneurs,\Ntrying to make it work
Dialogue: 0,0:04:34.07,0:04:37.02,Default,,0000,0000,0000,,in a very different environment\Nfrom New York or San Francisco
Dialogue: 0,0:04:37.04,0:04:38.53,Default,,0000,0000,0000,,or London or Tokyo.
Dialogue: 0,0:04:38.55,0:04:40.15,Default,,0000,0000,0000,,I've been to prisons twice
Dialogue: 0,0:04:40.17,0:04:43.05,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: 0,0:04:52.72,0:04:55.67,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: 0,0:05:32.92,0:05:35.42,Default,,0000,0000,0000,,"Wait a minute. We have\Na real problem on our hands."
Dialogue: 0,0:05:35.44,0:05:39.16,Default,,0000,0000,0000,,And the second thing they say,\Nwhich took us a longer time to understand,
Dialogue: 0,0:05:39.19,0:05:41.57,Default,,0000,0000,0000,,is 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 and again\Nin our conversations.
Dialogue: 0,0:05:49.66,0:05:52.65,Default,,0000,0000,0000,,BF: So, I certainly\Nappreciate this answer.
Dialogue: 0,0:05:52.67,0:05:54.14,Default,,0000,0000,0000,,But you can't eat dignity,
Dialogue: 0,0:05:54.17,0:05:57.05,Default,,0000,0000,0000,,you can't clothe your children\Nwith self-esteem.
Dialogue: 0,0:05:57.08,0:06:00.56,Default,,0000,0000,0000,,So, what is that, how do you reconcile --
Dialogue: 0,0:06:00.59,0:06:02.43,Default,,0000,0000,0000,,what does dignity mean,
Dialogue: 0,0:06:02.45,0:06:06.12,Default,,0000,0000,0000,,and what is the relationship\Nbetween dignity and stability?
Dialogue: 0,0:06:06.14,0:06:08.62,Default,,0000,0000,0000,,RB: You can't eat dignity.\NYou 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: 0,0:06:35.53,0:06:38.34,Default,,0000,0000,0000,,Because what we need to do\Nfrom the beginning is understand
Dialogue: 0,0:06:38.36,0:06:40.60,Default,,0000,0000,0000,,what is it about work\Nthat gives people dignity,
Dialogue: 0,0:06:40.63,0:06:43.97,Default,,0000,0000,0000,,so they can live the lives\Nthat 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: 0,0:06:48.03,0:06:49.96,Default,,0000,0000,0000,,it's difficult to get your hands around,
Dialogue: 0,0:06:49.98,0:06:53.58,Default,,0000,0000,0000,,because when many people hear it --\Nespecially, to be honest, rich people --
Dialogue: 0,0:06:53.61,0:06:54.76,Default,,0000,0000,0000,,they hear "meaning."
Dialogue: 0,0:06:54.79,0:06:56.69,Default,,0000,0000,0000,,They hear "My work is important to me."
Dialogue: 0,0:06:56.72,0:07:00.36,Default,,0000,0000,0000,,And again, if you survey people\Nand 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: 0,0:07:07.23,0:07:11.45,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: 0,0:07:13.74,0:07:16.62,Default,,0000,0000,0000,,RB: Just defined as,\N"Is your work important to you?"
Dialogue: 0,0:07:17.95,0:07:19.67,Default,,0000,0000,0000,,Whatever somebody took that to mean.
Dialogue: 0,0:07:19.69,0:07:21.60,Default,,0000,0000,0000,,And yet, of course dignity is essential.
Dialogue: 0,0:07:21.63,0:07:23.35,Default,,0000,0000,0000,,We talked to truck drivers who said,
Dialogue: 0,0:07:23.37,0:07:27.34,Default,,0000,0000,0000,,"I saw my cousin drive, and I got\Non the open road and 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: 0,0:07:30.45,0:07:33.63,Default,,0000,0000,0000,,Then they'd get to the end\Nof their thought and say something like,
Dialogue: 0,0:07:33.65,0:07:36.30,Default,,0000,0000,0000,,"People need their fruits\Nand vegetables in the morning,
Dialogue: 0,0:07:36.32,0:07:38.12,Default,,0000,0000,0000,,and I'm the guy who gets it to them."
Dialogue: 0,0:07:38.14,0:07:41.68,Default,,0000,0000,0000,,We talked to somebody who, in addition\Nto his job, was caring for his aunt.
Dialogue: 0,0:07:41.71,0:07:43.21,Default,,0000,0000,0000,,He was making plenty of money.
Dialogue: 0,0:07:43.23,0:07:44.55,Default,,0000,0000,0000,,At one point we just asked,
Dialogue: 0,0:07:44.57,0:07:48.83,Default,,0000,0000,0000,,"What is it about caring for your aunt?\NCan't you just pay somebody to do it?"
Dialogue: 0,0:07:48.86,0:07:51.35,Default,,0000,0000,0000,,He said, "My aunt doesn't want\Nsomebody we pay for.
Dialogue: 0,0:07:51.38,0:07:52.58,Default,,0000,0000,0000,,My aunt wants me."
Dialogue: 0,0:07:52.60,0:07:56.27,Default,,0000,0000,0000,,So there was this concept there\Nof being needed.
Dialogue: 0,0:07:56.29,0:07:58.75,Default,,0000,0000,0000,,If you study the word\N"dignity," it's fascinating.
Dialogue: 0,0:07:58.77,0:08:02.05,Default,,0000,0000,0000,,It's one of the oldest words\Nin the English language, from antiquity.
Dialogue: 0,0:08:02.07,0:08:03.22,Default,,0000,0000,0000,,And it has two meanings:
Dialogue: 0,0:08:03.25,0:08:04.40,Default,,0000,0000,0000,,one is self-worth,
Dialogue: 0,0:08:04.43,0:08:08.65,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: 0,0:08:11.56,0:08:13.38,Default,,0000,0000,0000,,and it connects to some broader whole.
Dialogue: 0,0:08:13.41,0:08:15.12,Default,,0000,0000,0000,,In other words, that you're needed.
Dialogue: 0,0:08:15.15,0:08:17.02,Default,,0000,0000,0000,,BF: So how do you answer this question,
Dialogue: 0,0:08:17.04,0:08:19.10,Default,,0000,0000,0000,,this concept that we don't pay teachers,
Dialogue: 0,0:08:19.12,0:08:21.39,Default,,0000,0000,0000,,and we don't pay eldercare 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: 0,0:08:26.87,0:08:30.05,Default,,0000,0000,0000,,RB: Well, the good news is,\Npeople are finally asking the question.
Dialogue: 0,0:08:30.08,0:08:32.38,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: 0,0:08:35.16,0:08:36.46,Default,,0000,0000,0000,,"What do we do about this?"
Dialogue: 0,0:08:36.49,0:08:37.80,Default,,0000,0000,0000,,And they used to be asking,
Dialogue: 0,0:08:37.82,0:08:39.93,Default,,0000,0000,0000,,"What do we do about\Nintroducing automation?"
Dialogue: 0,0:08:39.96,0:08:42.65,Default,,0000,0000,0000,,And now they're asking,\N"What do we do about self-worth?"
Dialogue: 0,0:08:42.68,0:08:45.10,Default,,0000,0000,0000,,And they know that the employees\Nwho work for them
Dialogue: 0,0:08:45.12,0:08:47.37,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\Nto their ability to just do their job.
Dialogue: 0,0:08:50.94,0:08:52.72,Default,,0000,0000,0000,,I think there's two kinds of answers:
Dialogue: 0,0:08:52.74,0:08:55.27,Default,,0000,0000,0000,,there's the money side\Nof just making your life work.
Dialogue: 0,0:08:55.29,0:08:57.62,Default,,0000,0000,0000,,That's stability. You need to eat.
Dialogue: 0,0:08:57.64,0:08:59.98,Default,,0000,0000,0000,,And then you think about\Nour culture more broadly,
Dialogue: 0,0:09:00.00,0:09:02.68,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: 0,0:09:07.19,0:09:09.94,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: 0,0:09:16.31,0:09:18.13,Default,,0000,0000,0000,,Let's make heroes out of those people.
Dialogue: 0,0:09:18.15,0:09:20.19,Default,,0000,0000,0000,,That's the Netflix show\Nthat I would binge.
Dialogue: 0,0:09:20.21,0:09:22.49,Default,,0000,0000,0000,,And we've had chroniclers\Nof this before --
Dialogue: 0,0:09:22.51,0:09:23.73,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: 0,0:09:35.37,0:09:37.09,Default,,0000,0000,0000,,And the thought exercise, to me, is:
Dialogue: 0,0:09:37.12,0:09:39.70,Default,,0000,0000,0000,,if you were to go back 100 years\Nand have people --
Dialogue: 0,0:09:39.72,0:09:43.49,Default,,0000,0000,0000,,my grandparents, great-grandparents,\Na tailor, worked in a mine --
Dialogue: 0,0:09:43.51,0:09:47.34,Default,,0000,0000,0000,,they look at what all of us do\Nfor a living and 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: 0,0:09:55.04,0:09:57.05,Default,,0000,0000,0000,,we'll still be doing things\Nfor each other.
Dialogue: 0,0:09:57.08,0:09:58.48,Default,,0000,0000,0000,,We'll still need one another.
Dialogue: 0,0:09:58.51,0:10:00.51,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: 0,0:10:32.99,0:10:37.87,Default,,0000,0000,0000,,I mean, every different\Nhuman experience included --
Dialogue: 0,0:10:37.89,0:10:41.10,Default,,0000,0000,0000,,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)