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00:00:00
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MUSIC]
00:00:05
Is it the quickest way to get stronger growth? If we want stronger growth, sustained stronger growth we increase immigration. We have instead of a million immigrants come into the country every year, which adds a half a point to growth every year, we add two million immigrants. Which is precisely the legislation that got through the Senate back in 2013 to double.
00:00:27
We should invite the best and the brightest to come and stay here for sure but and they would come because this is the best place on a planet to do business.>> What are the challenge there though? And this brings up political realities. I'm a believer that artificial intelligence is gonna have a significant disruption or create significant disruption in the workforce.
00:00:47
People who just deal with data and scheduling and moving things around, those jobs are gone in five to ten years.>> I'll take the other side of that.>> It's gone.>> Write it down. I'll take the other side.>> You'll take the other side of that?>> Yeah.
00:01:01
Our biggest problem is not too much productivity growth, our problem today is too little productivity growth.>> I'm just telling you, Mark, that when I talk to large corporations the projections are 30% fewer employees. Now maybe us entrepreneurs can pick up the slack and over the long run I think that happened and historically that's what happened.
00:01:21
But in the short run we have seen significant disruption particularly in industries and particularly with the lower hanging fruit. And I think we're going to see that again.