Guest it is an information revolution and weve been watching it for the past halfcentury. Computers overwhelmed Media Advertising and it spread into telephones and we were carrying around the internet wherever we went and in the next stage the internet and mobile machines will be carrying us around so it is going to be an age in which all kinds of new choices are going to surface for us and we are going to be able to go a lot of places and it has a big effect on our cities and at the same Time Companies and city governments are going to be able to manage our movements and that will result kind of questions about privacy. It is just the next stage of the internet revolution. Host imagine a scenario, los angeles, 2028. What should we expect . One thing about information resolutions is we cant bet on dates. Weve seen it before with cell phones, Michael Arthur and i were in paris at the turn of the century in 2000 and we were predicting smart phones were going to change communication by 20
20. 5 in a data set thats never been more than 2 million in a single month, numbers we never expected to talk about no. The numbers are just completely and totally shocking not unexpected however given the carnage thats taken place in the economy over the last month as we locked everything down those lockdowns ending around the country. Things starting to at least normalize in some states the question will be of the 18 million workers who describe themselves as a temporary layoff of that 20 million, how many really will get their jobs back is a key given the markets reaction today, there seems to be an expectation that most of them will that will remain a question over the next many months as we hope that the economy does start to return to some semblance of normalcy mike, lots of internals to dig through here average Hourly Earnings show a chasm between lowerpaid employees in the country and those with higher wages who, judging from the data, lost their jobs at a slower pace. Yeah, no
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