Subtitles section Play video Print subtitles Good job. Thank you Only go, how beautiful are you Atlanta? Wow, why are my rallies always composed of the most beautiful people in this country? First let's thank lacy haunted Marci Allen. Oh That's the greatest thing is that you come to places like Atlanta you like it lacy and I actually have friends online Then you get to meet someone in person I have to say meeting someone in person is about a thousand times better than meeting them online. I Highly recommend it. So if you're friends with people online, try and meet them face-to-face Oh Someone asked me have I been to Atlanta lot I bet it would land a lot over the last number of years But I have to say I've never been to this park I never really enjoyed this place as like like someone who was here. Like I always been very transactional about my time in Atlanta So like in and out, you know what I mean? Like I didn't know if coming in and I just go downtown I do some corporate meeting and then often I'd instead of turning around But I want to spend some more time than land. I get to know you all Because this place is tremendous and you guys keep sucking up some of my favorite people from the East Coast you Guys, just keep on absorbing them. How many of you are all from the Northeast and you've wised up? yeah, we know you escaped and We envy you we're mad. And the way we're gonna show our anger is we're gonna follow you Know so I'll make you yeah, you look gathered. I'm running for president as a Democrat in 2020 When I have not a career politician I'm an entrepreneur. I'm a problem solver and I've been studying for the last number of years how to create jobs I jumped in studying I'm actually not much of a studier anymore more of a doer where I went around the country trying to create jobs in Detroit Cleveland st. Louis Birmingham New Orleans, I started an organization called venture for America of you know a venture for America raise your head Yeah, talk about So I've been doing that word for the last number of years and then Donald Trump won the election of 2016 Whoo, I know some of you supported Donald Trump but it's cool because we got all sorts of people in the yang gay People it's all good so with Donald Trump one To me. This was the way I interpreted the results. I was like wow America is so Hurting that we took a chance on a narcissist reality TV star as our president. I Was like that's pretty bleak. And so I started digging into the numbers. If you go to the mainstream, press no bars. That's right Make America think harder. Am I right? So what are the mainstream press explanations for why Donald Trump is our president today like what do they say You just turn down cable news. You didn't know anything. Like why would you think he won? Electoral college now Electoral College Russia as a matter of fact I brought a copy of the Muller report with me and I'm going to read it to you For a day then I'm kidding obviously has 446 pages. We've been here all night So it's a little electoral college Russia Racism Facebook the FBI something about Hillary These are the explanations that have been offered to us as to why America decided to go with Donald Trump in 2016 And I looked at this myself and I said that's missing the central point that The reason why Donald Trump is our president today is that we automated away 4 million manufacturing jobs in Michigan Ohio Pennsylvania where you from brother you're from here, but he still he still knows this is true Wisconsin Missouri, Iowa all the swing states that he needed to win and did win how many of you all work in technology? I know that there are a bunch of people here I do Yeah, there are a lot of techies in the yang gang So any other hand up, you know that what we did to the manufacturing workers We will now do to the retail workers The call center workers the fast-food workers The truck drivers and on and on through the economy and it's not just blue collar workers. It's also white collar workers I was just talking to a marketing Pro who tells me that a lot of marketing is becoming data and algorithms You know, it used to be come up with a creative message now. It's like we don't need you to be creative We're just going to test 18 of them and then the numbers will tell us which one is the best and you can just sit back. Yeah the math And I was an unhappy corporate attorney for five months and I can guarantee you you can automate that job So there are a lot of jobs that are gonna be subject to automation that are not just the manufacturing jobs This is gonna rip through our economy In a very dramatic way and Lela is one of the most prosperous cities in our country So in many ways you all are like some of like you have different experiences with this than a lot of the country but you know that these changes are coming in part because many of you those of you had your hands up before you're working on making these changes of reality every day and You see it and I have many friends who are techies and if you ask techies, hey Do you think that we are automating away many other Americans jobs? Most techies will say yes. Yes, we are and then if you ask hey, how do you feel about it? Don't feel they'll say I don't feel good about it And then if you asked you want to help me and do something about it and help prepare America They say yes, and you guys are here today because you said yes, too. So, thank you very very much. So These are the problems were in the third inning of the greatest economic and technological transformation in the history of the world experts call it the fourth Industrial Revolution and This is why Donald Trump's our president. He's the symptom He's the manifestation and yet everyone is reacting as if he's the cause of all of these problems He is not you don't get angry at the symptom You cure the disease and the disease Right now is this rampant economic insecurity that's tearing our society apart because more and more Americans are getting pushed to the sidelines So if you're all here today, you know this about me There's an Asian man running for president who wants to give everyone $1,000 a month Yeah, secure the bag indeed yeah And all three of those statements are true I am Asian I am running for president and I do want to give everyone $1,000 a month Now it seems awfully dramatic, but then if you dig into our country's history You see that Thomas Paine was for it at the founding of the country called it the citizens dividend Martin Luther King championed it in 1967 in his book chaos our community and you can google in YouTube his lectures in 1967 where this was the focus of his activism in 1967 the year before he was assassinated in 1968 and he was not arguing alone Milton Friedman and a thousand economists Signed a study saying this would be tremendous for America and I don't know how you feel about him But Jamie Dimon the CEO of JP Morgan Just this week came out and said we should guarantee every American a minimum income So this is not some like like radical idea This is actually mainstream political wisdom in the 60s and 70s. It passed the House of Representatives twice in 1971 under Richard Nixon of all people and Then 11 years later one state passed a dividend where now everyone in that state gets between one and two thousand dollars a year No questions asked and what state is that? And how do they fund it? And what is the oil of the 21st century? Marijuana that's right Oh, it's technology. You had it, right? I'm just messing with you Atlanta. No, it's technology. It's AI. It's robotics, its self-driving cars and trucks It's big data. Is this incredible wave of innovations? That's coming down the pike Now who's gonna win from all these innovations? You know Amazon on a related point, why are three percent of malls and stores closing around the country Amazon? Yeah, pretty much. This is like a test where Amazon is always the answer Who paid zero in federal taxes last year? That's right so this is the quandary that we're in you have Amazon that's sucking up 20 billion dollars of Value every year and it's pushing 30% of Main Street stores and malls into oblivion How many of you have noticed doors closing around where you live? Yeah, and it makes you sad but then you realize you haven't been in that store in months and you live in unusually prosperous areas Now unfortunately being a retail worker is the most common job in the United States of America The average retail worker is a 39 year old woman making between 10 and 11 dollars an hour and you know that she does not Have a huge savings cushion. So what is her next opportunity going to be when the mall or the store closes? How many of you saw the recent AI demo from Google where the AI did the job of like picking up a phone call? And I'm making appointments you guys see that? What do you think the time frame is on AI being able to outperform the average call center worker? Who makes about 14 bucks an hour? Five years two years now There are two and a half million call center work in the United States. So when AI can outdo All right right. Now when you call a company and you get the bot, you're like human human human zero zero human human Shut up. Shut up human. I didn't say thank Dory But in three years the AI is gonna be like, hello. How are you doing? I Need this you'll be like sure no problem. You're gonna do it. You're like, oh that was delightful We're about two or three years away from a I actually seeming human And when that happens, it's not going to be a problem for a thousand or 10,000 Center workers It's gonna be a problem for a hundred two hundred Half-a-million call center workers So this is what the technology wave is going to do Driving a truck is the most common job in 29 states in this country. How many people know a truck driver? Yeah, and so I now know many more truck drivers than I than I did about 18 months ago But when you hang out with truck drivers today You see the reality of their job driving a truck is a very very difficult punishing job. I mean, you know what I'm talking about but when you got when you drive a truck the truck forces you to stop driving after 14 hours because it says it's time for You to take a nap, you know, it's time for you to go to sleep The robot trucks don't need to stop and my friends in Silicon Valley are working on these robot trucks. They can drive themselves Now, why are they working so hard on the robot trucks? The most American reasons of all money a Hundred sixty eight billion dollars in financial incentives to automate truck driving a hundred sixty eight billion with a B Per year. So if you're an investor, you can plow hundreds of millions of dollars into technology that waynebow might acquire because you can see that you can save tens of billions of dollars a year by automating away a Proportion of the three and a half million truck driving jobs, and it does not just labor savings It's equipment utilization because the truck never needs to stop its fuel efficiency because the robot trucks can convoy and then lower wind resistance It's fewer accidents. And so you can actually make a moral arguments. Like hey investing in robot trucks could save human lives But it's going to be a disaster For the three and a half or at least some of the three and a half million Americans who drive a truck for a living? and the over five million Americans who work at truckstops Motels and diners around the country that rely upon the truckers getting out and stopping so when I went to Washington DC with all this set of problems and as As lazy and marseilles said I did write a book about this stuff and I'm a pretty cool guy