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Powell Raises Rates To A 22-Year High, Is This The End? | Jim Bianco

Inflection Point

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The Net Creator of Jobs

In 2007 when Steve Jobs unveiled the iPhone, raise your hand if you thought that was going to be the end of the taxi industry. You know, I'm holding up my iPhone. And that's what happens with technology. It is a net creator of jobs. But when I said, you know, ask a lawyer, what I'm saying to the lawyer is what you've done to this point forward is going to be obsolete. There's going to be need for you, but you're going to have to retrain yourself in a completely different way.

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