Pat Toomey, former U.S. senator, on economic populism

Published: May 21, 2024 Duration: 00:00:55 Category: News & Politics

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if you have a free Society there will be disruptions and some of those disruptions will be painful it's really very similar to new technologies when word processor software became readily available I'm pretty sure it devastated the typewriter industry and if you were in the business of making typewriters if you worked at a plant that made typewriters you certainly lost your job I'm pretty sure we don't make typewriters anymore at all the answer is not to prevent the word processor the answer is not to prevent the enhancement in productivity in the game for society as a whole we should have a discussion what do you do about dislocation I think the most important thing not necessarily the only thing but the most important thing is really strong economic growth that's driving up wages real wages which is exactly what was happening before covid struck by the way uh that's that's the most important thing you can do for people who are uh displaced by whether it's technology or trade or any other dynamic

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