The thrust of his comments focuses on the fact that the economy, as we have known it, cannot be resurrected under any circumstances. And if so, then all sorts of other notions of what is needed to maintain a strong economy falls by the wayside. And he references virtually everything.
If all jobs will be vulnerable to automation, then education is no solution to more jobs. If the economy is so reliant on computers, then unions will be useless and, of course, there would be no monies to support the union initiatives, at least as they have been known.
Without knowing the details of the future, he calls to reconsider virtually everything that we thought that "necessary" for a strong economy. For someone as old as I, this is a challenge without a fear component. My "world" in retirement will not be impacted. For my children and grandchildren, however, his views should stimulate all sorts of discussion, hopefully designed to alter behavior so that they can stay on "top" of the flow of history.
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