Salesforce Chief Philanthropy Officer, Ebony Beckwith joins Yahoo Finance's Julie Hyman, Adam Shapiro and Dan Roberts as well as Adam Johnson, publisher of Bullseye Brief to discuss the latest investment the company has made in Bay Area schools.
Mike: Andrew Yang makes some very salient points about automation and other topics. But these so-called debates are where good points and serious discussion go to die. Good points and serious discussion get lost in questions that are designed to create petty squabbles and contrived answers designed to be cheap applause lines. On the topic of automation, consider that we are a consumption driven economy. 70% of GDP is domestic consumption. There are a lot of advantages to machines. They don't demand benefits. They don't get sick or pregnant. They can work 24/7/365 without complaint. Etc., etc., etc. But machines don't do one crucial thing. They don't but stuff. They don't buy houses and cars and electronics and food and the many non-essential items we fill our lives with. Population growth combined with automation making human labor less necessary combined with the eternal quest for profit is a dangerous recipe for a consumption based economy. And economic problems may be the least of our worries when it comes to these technological advances. I don't know what kind of president Andrew Yang would be. But we ignore the warnings about AI and automation at our own peril.