New York's Artistic Underclass and Robots Replacing Labor

• 40:16New York has an artistic underclass willing to work three or four jobs or live with roommates at 30 to pay rent.
• 40:38Tenacity is a great American virtue that's been negated by talk of economic polarization, though America is more unequal now than in the robber baron era.
• 41:00In the past, labor made industrialists wealthy; today, companies view labor as a cost stealing their profits.
• 41:25Tim tells a story about eating red wine braised octopus and fusilli with bone marrow in Maraya while wearing his tour bus jacket, and getting a dirty look from someone at Goldman Sachs.
• 41:51When Goldman Sachs faces its day in court, the same thing will happen that happened to Drexel-Lambert in 1986—bankruptcy, but the ill-gotten gains get rechanneled into other corporations while people pay the tax.
• 42:27The only guarantee with capitalism is that you will have non-organic corporations with powers beyond the individual that eventually go bankrupt.
• 43:05We've already built systems that are smarter than the people who can train them at this point.
• 43:32Tim does front desk security at a luxury building in Bushwick and will probably be out of it in two to three years because robots will replace the three eight-hour shifts.
• 44:05The person, Elon Musk, Bill Gates, and the high-tech economic elite own the technology; they employ maybe 30,000 people but eliminate the jobs of 3 million.
• 44:56Amazon drones delivering everything will be insane; if one has a mishap, people walking on the sidewalk below will be in disaster.
• 45:12You'll be forgotten in the drone; you're an addition.

Goldman SachsOprah WinfreyBill GatesJeff BezosGeorge ClooneyDrexel Burnham LambertAmazon.comElon MuskIvanka TrumpChelsea Clinton