Full episode with Jack Dorsey (Apr 2020): https://www.youtube.com/watch?v=60KJz1BVTyU
Clips channel (Lex Clips): https://www.youtube.com/lexclips
Main channel (Lex Fridman): https://www.youtube.com/lexfridman
(more links below)

Podcast full episodes playlist:
https://www.youtube.com/playlist?list=PLrAXtmErZgOdP_8GztsuKi9nrraNbKKp4

Podcasts clips playlist:
https://www.youtube.com/playlist?list=PLrAXtmErZgOeciFP3CBCIEElOJeitOr41

Podcast website:
https://lexfridman.com/ai

Podcast on Apple Podcasts (iTunes):
https://apple.co/2lwqZIr

Podcast on Spotify:
https://spoti.fi/2nEwCF8

Podcast RSS:
https://lexfridman.com/category/ai/feed/

Jack Dorsey is the co-founder and CEO of Twitter and the founder and CEO of Square.

Subscribe to this YouTube channel or connect on:
- Twitter: https://twitter.com/lexfridman
- LinkedIn: https://www.linkedin.com/in/lexfridman
- Facebook: https://www.facebook.com/lexfridman
- Instagram: https://www.instagram.com/lexfridman
- Medium: https://medium.com/@lexfridman
- Support on Patreon: https://www.patreon.com/lexfridman

What are your thoughts, sticking on artificial intelligence a little bit, about the displacement of jobs?

That's another perspective that candidates like Andrew Yang talk about.

So he unfortunately, speaking of Yang Gang, has recently dropped out.

I know, it was very disappointing and depressing.

Yeah, but on the positive side, he's I think launching a podcast.

I'm sure he'll try to talk you into trying to come onto the podcast.

Yeah, maybe he'll be more welcoming of the Ratatouille argument.

What are your thoughts on his concerns of the displacement of jobs, of automation, instead of the, of course there's positive impacts that could come from automation and AI, but there could also be negative impacts.

And within that framework, what are your thoughts about universal basic income?

So these interesting new ideas of how we can empower people in the economy.

I think he was 100% right on almost every dimension.

I mean, he identified truck drivers, I'm from Missouri, And he certainly pointed to the concern and the issue that people from where I'm from feel every single day that is often invisible and not talked about enough.

This is where it pertains to Square's business.

We are seeing more and more of the point of sale move to the individual customer's hand in the form of their phone and apps and pre-order and order ahead.

We're seeing more kiosks, we're seeing more things like Amazon Go, and the number of workers as a cashier and retail is immense.

And there's no real answers on how they transform their skills and work into something else.

And I think that does lead to a lot of really negative ramifications.

And the important point that he brought up around universal basic income is given that this shift is going to come and given it is going to take time to set people up with new skills and new careers, they need to have a floor to be able to survive and this a thousand dollars a month is such a floor.

It's not going to incentivize you to quit your job because it's not enough.

But it will enable you to not have to worry as much about just getting on day to day so that you can focus on what am I going to do now and what am I going to, what skills do I need to acquire?

And I think, I think, you know, a lot of people point to the fact that, you know, during the industrial age, we, we had the same concerns around automation factory lines and everything worked out okay.

But the biggest change is just the velocity and the centralization of a lot of the things that make this work, which is the data and the algorithms that work on this data.

I think the second biggest scary thing is just how around AI is just who actually owns the data and who can operate on it.

And are we able to share the insights from the data so that we can also build algorithms that help our needs or help our business or whatnot.

So that's where I think regulation could play a strong and positive part.

First, looking at the primitives of AI and the tools we use to build these services that will ultimately touch every single aspect of the human experience.

And then how data, where data is owned, and how it's shared.

So those are the answers that as a society, as a world, we need to have better answers around, which we're currently not.

They're just way too centralized into a few very, very large companies.

But I think it was spot on with identifying the problem and proposing solutions that would actually work.

At least that we'd learn from, that you could expand or evolve.

But I mean, I think UBI is well past its due.

I mean, it was certainly trumpeted by Martin Luther King and even before him as well.

And like you said, the exact thousand dollar mark might not be the correct 1, but you should take the steps to try to implement these solutions and


Speaker 0: What are your thoughts, sticking on artificial intelligence a little bit, about the displacement of jobs? That's another perspective that candidates like Andrew Yang talk about.

Speaker 1: Yang Gang forever.

Speaker 0: Yang Gang. So he unfortunately, speaking of Yang Gang, has recently dropped out.

Speaker 1: I know, it was very disappointing and depressing.

Speaker 0: Yeah, but on the positive side, he's I think launching a podcast. So Really? Cool. Yeah, he just announced that. I'm sure he'll try to talk you into trying to come onto the podcast.

I would

Speaker 1: love to. What about Ratatouille?

Speaker 0: Yeah, maybe he'll be more welcoming of the Ratatouille argument. What are your thoughts on his concerns of the displacement of jobs, of automation, instead of the, of course there's positive impacts that could come from automation and AI, but there could also be negative impacts. And within that framework, what are your thoughts about universal basic income? So these interesting new ideas of how we can empower people in the economy.

Speaker 1: I think he was 100% right on almost every dimension. We see this in Square's business. I mean, he identified truck drivers, I'm from Missouri, And he certainly pointed to the concern and the issue that people from where I'm from feel every single day that is often invisible and not talked about enough. The next big 1 is cashiers. This is where it pertains to Square's business.

We are seeing more and more of the point of sale move to the individual customer's hand in the form of their phone and apps and pre-order and order ahead. We're seeing more kiosks, we're seeing more things like Amazon Go, and the number of workers as a cashier and retail is immense. And there's no real answers on how they transform their skills and work into something else. And I think that does lead to a lot of really negative ramifications. And the important point that he brought up around universal basic income is given that this shift is going to come and given it is going to take time to set people up with new skills and new careers, they need to have a floor to be able to survive and this a thousand dollars a month is such a floor.

It's not going to incentivize you to quit your job because it's not enough. But it will enable you to not have to worry as much about just getting on day to day so that you can focus on what am I going to do now and what am I going to, what skills do I need to acquire? And I think, I think, you know, a lot of people point to the fact that, you know, during the industrial age, we, we had the same concerns around automation factory lines and everything worked out okay. But the biggest change is just the velocity and the centralization of a lot of the things that make this work, which is the data and the algorithms that work on this data. I think the second biggest scary thing is just how around AI is just who actually owns the data and who can operate on it.

And are we able to share the insights from the data so that we can also build algorithms that help our needs or help our business or whatnot. So that's where I think regulation could play a strong and positive part. First, looking at the primitives of AI and the tools we use to build these services that will ultimately touch every single aspect of the human experience. And then how data, where data is owned, and how it's shared. So those are the answers that as a society, as a world, we need to have better answers around, which we're currently not.

They're just way too centralized into a few very, very large companies. But I think it was spot on with identifying the problem and proposing solutions that would actually work. At least that we'd learn from, that you could expand or evolve. But I mean, I think UBI is well past its due. I mean, it was certainly trumpeted by Martin Luther King and even before him as well.

Speaker 0: And like you said, the exact thousand dollar mark might not be the correct 1, but you should take the steps to try to implement these solutions and

Speaker 1: see what works.

Speaker 0: And see what works. 100%. You

See all Lex Fridman transcripts on Youtube

Jack Dorsey: Yang Gang Forever | AI Podcast Clips