Chapter
The Impact of Fast Food Laws on the Middle Class
28:01 - 35:00 (06:59)
The introduction of technology has resulted in a situation where government workers comprise much of the middle class, further widening the income gap between the public and private sector. The implementation of fast food laws has left the economy of California in question.
Clips
The party is the platform and the candidate is the app in political elections.
28:01 - 28:46 (00:45)
Summary
The party is the platform and the candidate is the app in political elections. However, outsiders like Caruso have to build their own platforms and candidacy, requiring a lot of money and effort, and if they don't win, all that infrastructure goes to waste.
ChapterThe Impact of Fast Food Laws on the Middle Class
EpisodeE94: NFT volume plummets, California's overreach, FBI meddling, climate change & national security
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Technology creators typically capture about half of the value increment that comes with new advances in productivity.
28:46 - 32:40 (03:54)
Summary
Technology creators typically capture about half of the value increment that comes with new advances in productivity. The rise of automation and robotics will significantly reduce the number of jobs available for humans, with restaurants such as McDonald's turning to robotics for routine tasks instead of human workers.
ChapterThe Impact of Fast Food Laws on the Middle Class
EpisodeE94: NFT volume plummets, California's overreach, FBI meddling, climate change & national security
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
California has become a state with only very rich and very poor residents, where the middle class has been moving out in droves.
32:40 - 35:00 (02:20)
Summary
California has become a state with only very rich and very poor residents, where the middle class has been moving out in droves. This has led to policies that hurt small businesses and created a resource curse for the state.