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Detailed text transcripts for TV channel - MSNBC - 20131203:08:57:00

Industries fall away, but in general, these sorts of innovations are a good thing. it s good that it s easier for people to buy and sell things, and in general, in the past, the economy has figured out new things for people to do. yes, right, so, there s a thing called the lump of labor fallacy, which is this idea that every time there s a new labor-saving device that no one s going to have jobs anymore and people have been writing about this specter of automations since the 1700s, in fact. right. but there is worry that automation is getting to a point now where you really do start to encounter a real problem, right? like, how are people if you have these frictionless shops of all these interactions commercially or frictionless, like, where are the jobs going to come from? well, on main street right now it s tough, right? i mean, he said it before, all of the main streets that are working right now are in these wealthy areas, and the other places, people don t have jobs. the ....

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Detailed text transcripts for TV channel - MSNBC - 20131203:04:57:00

You have sites like etsy where people can market artisanal goods, jewelry and clothing. some of them were selling before, but some of them weren t selling anywhere. it s creating new business opportunities, so i think we need policies aimed at creating new jobs, especially middle-scale jobs that people can go into as these other industries fall away, but in general, these sorts of innovations are a good thing. it s good that it s easier for people to buy and sell things, and in general, in the past, the economy has figured out new things for people to do. yes, right, so, there s a thing called the lump of labor fallacy, which is this idea that every time there s a new labor-saving device that no one s going to have jobs anymore and people have been writing about this specter of automations since the 1700s, in fact. right. but there is worry that automation is getting to a point now where you really do start to encounter a real problem, right? like, how are people if you have th ....

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