Well, Jobs Are A Great Thing. You Have To Be A Bit Careful: If You Raise The Minimum Wage, You’re Encouraging Labor Substitution And You’re Going To Go Buy Machines And Automate Things - Or Cause Jobs To Appear Outside Of That Jurisdiction. And So Within Certain Limits, You Know, It Does Cause Job Destruction. If You Really Start Pushing It, Then You’re Just Making A Huge Trade-off.

-Bill Gates

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Well, Jobs Are A Great Thing. You

Bill Gates

Well, Jobs Are A Great Thing. You Have To Be A Bit Careful: If You Raise The Minimum Wage, You’re Encouraging Labor Substitution And You’re Going To Go Buy Machines And Automate Things - Or Cause Jobs To Appear Outside Of That Jurisdiction. And So Within Certain Limits, You Know, It Does Cause Job Destruction. If You Really Start Pushing It, Then You’re Just Making A Huge Trade-off.

Topic

Jobs

Doe

Machines

At Some Point, That Risk-taking Private Capital Can Take Over, And Have Patents And Trade Secrets And Things That Let Them Lead The Way, Which Happened With The Steam Engine And Some Other Things, Although With Energy, The Time Of Adoption Is A Lot Longer Than It Is With, Say, It Products Or Even Medical Advances, Like Drugs And Vaccines.

Vaccines

Adoption

Drug