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Detailed text transcripts for TV channel - MSNBC - 20131203:01:57:00

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 these frictionless shops of all these interactions commercially or frictionl ....

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Detailed text transcripts for TV channel - MSNBC - 20131203:08:56:00

And less workers have a living wage unless they have the right to unionize and negotiate better working conditions and better pay, we re going to see a downward escalator for most workers. we re going to have boutique book stores and lovely main streets for fewer and fewer number of americans, and most people are going to be consigned to a kind of america that we have not seen in this country since the 1930s. josh? i m more optimistic about this. the american economy s been through a ton of transitions like this. like 150 years ago, almost everybody worked in agriculture and you had big shifts in and out of industries. so, if the shift is out of retail, the question is what can come next? and you say the future of retail is stuff coming to you, but that s also kind of the future for the sellers. you have sites where people can market artisanal gooz, jewelry and clothing. some of them were selling before, but some of them weren t selling anywhere. it s creating new business opportun ....

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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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