YouSaid · the spoken record

Louis Hyman

lines on the record: 85
first: 2018-08-29
most recent: 2018-08-29
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“Or welcome to populism. And Mark Zuckerberg won't have to worry about the UBI. He'll have to worry about all of us coming to his house, whether the one he's legitimate or the one he bought next door.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“Know in a distributed just in time economy, in a logistically based economy that we don't have. The AFL doesn't do it, the CEO doesn't do it, and we need to have a new kind of workers' voice, just the way the CIA sort of organized industrial workers. And that workers' voice is essential because laws don't fix the economy. Laws sort of address little problems at the error edges, but they don't address this question of power. And it's power that really makes the economy go. And so I think that's what we need to do. And also this question of who counts, who deserves to have a secure, not a secure job, but a secure life. And I think for me, that's the difference. We thought that a secure job led to a secure life, and that's what we were solving for. But we really need to make sure everybody gets that going forward.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“I think we need to realize what has changed in the workplace and is not just enough trying to. When I talk to a lot of people, they think that we can sort of cram ourselves back into the regulatory state of the post-war and without having the attendant Social environment, you know, and the social environment is not just the quote unquote restoration of unions qua unions. It's about the voice for workers.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“I use Grubhub last night. It was delicious. So I think that, yeah, so I think that we need to have these conversations. It's wonderful to so many people are excited about the UBI. I think it's kind of condescending to think that people have no value unless they're programmers, which is often the vibe I get when I'm in Silicon Valley. And it's also ridiculous to think that everyone is going to become a programmer and only they will have jobs in the future. So I think sort of being open about what is valuable. Going forward about being human. For me, this is a wonderful opportunity. It could also go very badly if we don't make the right choices. And it's important to emphasize that we do have choices, that it's not determinant.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“Exactly. So I think it's important to have these conversations across disciplines outside of our own narrow fields. I think it's important for technologists to be a bit more humble about the kinds of problems that they're solving. So one of the things I write about in the book is that technology tends to solve for social problems and the problems are the people who can afford to fix them. So the problems of a 23-year-old bro in Silicon Valley are pretty much dialed.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“Certainly, when I talk to my fellow computer scientists at Cornell, they're very afraid they are building AI and they're afraid that is the equivalent of the atomic bomb. So not just technologists, but also computer scientists and academics. And I think what's important to do is have conversations. So everybody knows what they do, but they don't always know what it means. And it's very...”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“Unfortunately, I think it's going to take a giant economic crisis. I think it's going to take people in the streets realizing that things have gone horribly awry. It would take political parties realizing they can't just do quick fixes that we're actually at an epical shift. And the epical shift is not the smartphone. The epical shift is that individuals can sell, consume, and work globally, maybe through a corporation, maybe not. And that's actually what's truly different about right now, that the corporation is no longer necessary to organize workers. And I think that is something we have not wrestled with. And we keep trying to put everything back in Pandora's box. But the corporation as it existed is no longer there. We can't put Band-Aids on our employment law.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, so as you move from your gig to gig, your 1099 to your 1099, you get sort of a slice of that money goes into an account for your health or your retirement or your childcare. And right now it's really onerous because we assume everybody has these W-2 stable jobs. So that's a conservative. Just fix that. Make it transactional, make it easier, and businesses can create a more fluid workforce. Now, a more radical solution is what we just talked about. How do we think about, I don't want to say, you know, socialism, but in sort of how do we make capitalism work for everybody so that our corporations aren't just accruing money to the top 0.1% and so that we socialize the benefits as well as the risks and without sort of getting rid of all the wonderful things about markets that make our lives easier and more efficient? So I think that's a more radical path sort of rethinking how”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“Sure, I think we already kind of touched on them. So one is we sort of figure out how to transition away. So one of the things I think about a lot is how the workplace is like a marriage in the sense that marriage is disappearing. And the only people who get to be married anymore are fantastically wealthy and educated, right? Same thing with secure work. So a few elite people get to have secure work and everybody else is in this world of insecurity. And just the same way we are redefining how our society supports the children to come out of marriage. We need to redefine how we think about the benefits that and rights and obligations that float out of a workplace. And one way is to just look to the 401k, right? The 401k is a pretty conservative solution for retirement. And what you do there is you just every time you get paid, you put a little money into a retirement account. And now it's tied to a job. But you could easily imagine.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“Become more productive. And so I think that's part of what's going to happen the ladder are going to be trying to figure out the right balance between handing off work to an AI, also receiving work from an AI and that sort of layer cake of human AI, human AI. It's not going to be one directional like it is now where a few algorithms are telling us what to do. We're going to be working in both directions at once.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“Certainly, contract review. And again, you see the same process. Contract review was first outsourced to India. To very smart, real educated Indians who cost less and is quickly being automated. And you'll see that in a lot of things. Certainly all the talk a few years ago is how do we automate or digitize higher ed, a field that I'm more familiar with than law. So I think that one of the things that we can do is to think about how do we use this as an opportunity to train billions of people and educate billions of people. We're also learning that in fact MOOCs did not destroy the university. And it's nice to create different levels of education, levels of YouTube. Like YouTube, I learned how to play guitar this summer watching YouTube videos. I can make cheese now. It's pretty amazing, at least for me. I love cheese. And I think that's going to be like that with law too, that it's going to part of being a lawyer will be, how do I learn what I need to learn just in time education? How do I manage the AIs to do code contract review?”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“What about the higher level jobs? Because I think people talk mostly about the lower level jobs. I think higher level jobs are very much at risk. And I think what has happened with this, and that's our listeners in a lot of ways, but that it's not just lawyers. There's a lot of legal stuff that can be digitized. There's a lot of, there's a lot. You can go through every profession of the white-collar jobs, essentially, that are all at risk as far as I can tell.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“I'm saying we train Yeah, and I think what we should be solving for is not giving everybody terrible jobs, but trying to figure out how do we maximize growth and unleash human potential. We have a lot of challenges in the 21st century, like global warming, and we need a lot of people to deal. And so how do we deal? And this could be one of the ways we deal.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“Every day, still, but figuring out how to enable them, not everybody will be able to be a research scientist, right? I mean, write full stop. Like that's just not how humans work.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“I think it's an investment in each other. Sci-fi vision where people are living in those stacks stacked houses, and it's all very bleak. I don't want to live in that world. And I think robbing the danger of automation is not just losing your job, but losing purpose. And so figuring out how we can liberate people from tedium and drudgery, which of course is what most people have at their job.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“Money out, you see that kind of hopelessness that comes with that kind of just direct payments. Whereas if we had a sense of shared ownership. It would tap into older American values.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“There's a lot, you know, and whether or not there's a space for people going forward. I think people will always be valuable. We're so versatile. We're creative in a way that machines are not. There's tricks to UBI, right? And there's different ways of doing it. You can either just have a tax and redistribute. You could have something where everyone, the model I favor harkens back to the early 19th century model, the corporation, where you couldn't have a corporate charter unless it fulfilled a social good. And right now, as people often say, that we've socialized risk and privatized profit. You know, so I think that people should get a cut of that profit. So every time you issue a stock, some public holding company gets a share of that stock and we all get a cut of that rather than a direct payment. Because I think it's important to not feel like we are just giving money away to people. I think that purpose and autonomy matter a lot to people. And I do worry what happens if we just start giving people.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, so the Universal Basic Income is very exciting to people who think automation is going to get rid of all humans, all current human work.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“Important part to realize So, if we don't have jobs in the future, if we don't get these caregiver jobs, there might be things that are automated out so that we have a lot more free time, which could be its own thing. But how do we deal when we don't have a job? What do we do?”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“It'll be digitized by cheap people. This is the important part to realize that these things are always based in the book. I read a lot about transitional labor forces and they're the people who don't count in the sense that people of color, women, migrants, people who are left out of the social compact. And where we draw those lines will matter just as much going forward as it did in the past.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“The uncanny valley. Yeah, I mean, I think visual tasks are super hard to program and fix. And this is why people, virtual reality is so key here, right? It's that intersection where virtual reality can train people to change bedpans, train the robots as they observe machine learning is all inductive. It's pattern recognition. It's doing something a million times. And those kinds of things will be initially done by people overseas or in poor rural communities in the US, probably poor rural communities first. And then we'll be automated over time. And, you know, we're going to have a lot of old people pretty soon, and especially in Europe and in East Asia. So the robots, this is the argument that some people make that the robots are coming just in time to save us from our aging”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“There's a lot of money in that. Those always go there with the sex robots. So talk about that. What happens? Let's stick with the caring ones because I don't feel like talking about sex robots. But what about the caring ones? Because one of the issues when I was at MIT many years ago, and I've talked about this before, is they have problems with the eyes. Can't get the eyes right, and so people are hard to replace.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“No, not at all. I'll explain it in a column soon to come. But it was really interesting, and I was thinking, how do you replace? It made me think of jobs. It was a really interesting way to think about it. What about, so what about the caring professions? Because a lot of people think there's going to be robot caretakers. There was just a story in Land, one of the things about robot sex robots, you know, and that's been in iSyFi many, many times the first place those dudes go.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“It's a little bit like Redded Player One when you were watching them do that. You know, they were somewhere else, but they weren't in the place, you know, absolutely 100%. It's really interesting. I just took a virtual reality roller coaster ride. I'm not even going to go.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“So, even if the physical migrants would lose their jobs, but then the digital migrants would then be replacing themselves. And then there'd be a next step where you have, you know, one or two people taking over one.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“I could reach through the robot's arms and fold the towel. And I realized when I did this, it's like, oh, wow, I could do this anywhere. And so I can easily imagine the next couple years some entrepreneur offering very cheap house-based robots the same way that Tesla used its own drivers to train its autopilot to use just hundreds of thousands of people around the world through some kind of online labor program when putting on virtual reality goggles somewhere in Bangladesh or Mexico and then operating these robots and then because of machine learning the robots would learn how to do all kinds of manual tests so all that physical labor that we now think can't be put overseas all those migrants that people even the”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, unpack it a little. It's a little, it's really interesting to me. I went to a lab a couple years ago at Berkeley and you could put on virtual goggles. Like we all know how these, well, I guess six people have of the Oculus Rift or whatever. And you can run a robot body through that. And people there were very excited about this towel folding robot. They could see a towel and fold it. you know that i sat there for an hour waiting for this towel to be folded and it never could ridiculous and i hate folding so i was super excited to see this um and i put the goggles on and i could fold the towel”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“Will be automated And I think part of this acceleration I read about in the book is this idea of digital migrants. So sometime in the next few years, we will see robots that are teleoperated by somebody else. And I think people aren't as attentive to this as they need to be. The intersection of machine learning, virtual reality, and robotics. Sure. I've already seen robots that you can explain.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“Which ones are going first? I think the most important one is retail, certainly for working people, the people who are already skilled in ways that they can't access higher paying jobs, retail, the places where people go as entry level positions. Retail's gone, anything that can be done has to be done three times in a row.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“I feel bad for everybody out. Someone's mother was like, My son's like, no, no, don't be a radiologist. There isn't going to be any radiology. So, when you think about that, talk about more of the jobs that are going. What are the areas? Retail?”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“And everyone's like, I'm like, what did he just say? Like, oh, you know, the repercussions were massive. The same thing. So we won't have that. We won't have, we will probably have self-driving cars. So we won't have all the jobs that go with that. We might not even own a car, right? You might not even have it. And when you think about doctors, there's all kinds of jobs that are diagnostic that...”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“In the next 15 to 20 years. We had the head of Walmart at code a couple years ago, and I think I'm the only one who heard him say, we probably will only have 10,000 square foot Walmart stars because just to people to go in and sometimes.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“I think it's very depressing to imagine all those giant cavernous air conditioned warehouses We're burning coal for so that some people can drive up in their car oil burning car.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“Very human, I think caring for children or the elderly, I think doing scientific research. I think making art, I think explaining and meaning making in various ways is very human. I think learning new things and doing things that are not repeatable. So this podcast most likely will not be the exact same podcast as the next one you have. And those kinds of novel things will be very appealing to people in the future. And if this seems impossible, it also should seem impossible in 1850 that most of us would be sitting around moving paper or selling things or typing or all the things that most people do in the service economy. And that less than 2% of us would work on farms. And even the people who work on farms are basically managing robots. So I think that those are the kinds of things I think about in a positive way.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, I think it's really hard to guess in advance. I mean, I don't think podcaster was a job that you could have predicted 10 years ago. So, but we do know what those will be. There will be these things that stake out what is to be human, to be curious and creative, and also caring. So I think that the jobs of the future will be us sort of caring for one, liberate us to do the things that humans like to do naturally, that we don't have to be corralled into doing. You know, you have to corral someone into going into a dark mine and getting black lung. You don't have to corral someone into taking care of their children.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“I personally would like to come to an equitable solution to this before we have to put machine guns on the back of Ubers.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, and they think of the transition from the agricultural economy to the industrial economy as a smooth line rather than in 1877 railroad cars with machine guns reconquering parts of Pennsylvania when the workers rose up and destroyed the tracks and overthrew the bosses exactly so the bosses”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“Or mining or all the other things, but it does mean what do we do politically and socially to make sure that our societies aren't ripped asunder between a new kind of digital ruling class. And that's where the dystopian utopian visions. And it's why history is so important. Because when you talk to people in Silicon Valley, as much as I love them, they are people who've largely just read sci-fi novels.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“Which is not to be ignored, right? So this is why are we surprised when the robots finally come, they take our jobs? And it's a godsend. It could be the end of paperwork, which I think all of us have.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“I mean, I think being curious and being creative, in short, being human is what matters. So things that aren't human are things that machines should do. I write in the book that no human should do the work of machine, of a machine. And to me, that's not a bad thing. The optimistic futurist to me loves the fact, loves this. But I think the question is, well, what do we do with people? And we have a system set up, an educational system, an economy that is treated people like Machines for 100 years. That's what industrialization is”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, absolutely. Oh, 100%. I always say anything that can be digitized will be digitized. And everyone's like, ooh, that's interesting. I'm like, no, no, think about that. Think about it very carefully and walk it out. Not just the fact that we'll have self-driving cars, but we won't have mechanics. You won't need a mechanic. You won't need an insurance company. You won't need, you know, read the way retail's done. It will not be at malls. What about the mall people? What about the people's podcast? No, that's hard. It's hard. It's hard. Ronnie, I'm in jobs where creativity is the only thing that matters, really.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“What's hard is shifting a politics. Right, right. But it inevitably leads to the fact that Less people are needed, correct? I mean, we're going to get into that in the next section and talk about where it's going, where work is going, but it inevitably leads the idea is that you may not have a job.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“So, the flip side of that is I don't think anybody, or rather very few people, voluntarily like to mine coal. Very few people voluntarily want to drive me around Manhattan. A lot of people do it because they need the money. So, you know, and this is the other side of the mechanical thresher, that it's nice that we don't all have to go out into the farm every fall and bring in the wheat, right? And so it can liberate us. So this question of how that productivity is distributed is not a question of economy. It's a question of politics. It's a question of organization, institutions Social norms. And so technology is easy. What's hard is shifting a culture. What's hard is shifting a politics.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“Oh, hello. Right. Hello, Alex Jones. Now that we're talking Yeah, so this, I mean, instruction, I mean, this is a tech podcast, so I can talk about computer programming, right? This idea of abstraction encapsulation, the idea of not knowing how it works, this is what computer scientists are taught in schools as the best thing going. And that's exactly what this just-in-time fungible workforce is. So it's not surprising me that they hold it up as virtuous and inevitable.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“So, part of that, yeah, and it's important to realize that the sort of driving ethos of tech people is the virtue of abstraction.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“Was the truth because he has no ability to control himself. And it was really a fascinating moment because it was really the truth. It was just as soon as they can replace you. Or if you go to, say, coal mining, you know, because the president is always going on and on about coal mining. And they're not doing the coal anymore. And if they do it, it'll be by machine.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“I absolutely think that workers are utterly fungible to them as much as they go on and on about it. I think it's just, and by the way, it was really interesting a couple years ago I had an interview with Travis Kallenick, one of the co-founders of the infamous Travis Kallenick. And he actually managed to tell the truth in an interview once. And I said, what do you think about, you know, we were talking about various things and his reputation? And I said, what about this is early, early in the self-driving phase, you know, before it was really gotten as big as it has. And it's still going to be slow, by the way. And I said, what's going to happen with self-driving and all your drivers? You know, what's going on? He goes, well, you know what the problem with my business? Is the guy in the front seat. He costs a lot of money. And if I can get rid of him, that would be a business. And literally, there was a sharp intake of breath by everybody in the room because he actually told the truth. And I went, thank you. Thank you very much. And I was like, yay, he said it.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“The corollary is that people think they are using this as a path to autonomy and independence, just like on the farms. And in fact, what's happening is that people in the east or in the west, in this case now the San Francisco, are making all the money. And control the railroad today is the equivalent of controlling the app. And those are the people that make the money.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“The tricks Uber plays with it. Yeah, they do tricks, Lyft plays tricks. Everybody plays tricks. This is part of, you know, they want, they use this language of entrepreneurship and independence, flexibility. And earlier in the program, you asked about how this is similar to the late night to the agricultural revolutions of the 19th century, mechanical thresher. Well, people bought these mechanical threshers and then they borrowed a lot of money to buy them. They borrowed money for land. Oh, watch out when everybody makes a lot of wheat. Suddenly those prices crash and you can't pay back your debts. And that leads us to the populist revolts of the 19th century. So what's the quorum?”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT
“Sure. I mean, Uber could be, it could give them a bigger share of the money. I'm sure their venture capital would dry up.”
2018-08-29 · Decoder with Nilay Patel · Recode Decode: 'Temp' author Louis Hyman · IDENTIFIED FROM THE TRANSCRIPT