School should not be something that youre forced to go but somewhere that you want to go. Change is mostly good. That is our show. Now its time for john stossel. John changing faster than ever. Struggling to keep up. In some ways the changes are clearly good. Robots like this are definitely helping to grow jobs much more quickly. They take away the backbreaking tasks and that allows the workers to do all of the highend jobs. That is if they find highend jobs. But what if most jobs disappear . Companies planning to replace human jobs with machines is growing. Human instinct tells us that would be better if no one ever lost a job. Politicians often demand that unions be protective, but americans would not be better off if telephone operators and clerks had their jobs protected by a compassionate law. Those workers lost jobs because now money once paid by them is put to better use. In the media we almost never tell such a story. Its partly because we can only report on what we easily see and we can only see the people that get fired or take pictures as they leave their jobs on that last day when the factory closes and they have new things they may find. The exciting product that they will produce, we cannot see that. You go to different colleges, you talk about Creative Destruction. Thats correct, schumpeter was interested in noting that along with destruction is the creativity that pushes capitalism in a capitalist system forward. John one individual discovered it in france over a hundred years ago. And these cheap imports are unfair competition, they said, and government should stop the import. In response he wrote a satire that he titled the candle makers petition. And it read that the manufacturers of candles and street lamps and generally everything connected with lighting, petition the government. We suffer from the unfair competition of a foreign rival. This has such an advantage over us that he floods the market in the product. He offers it at a low price. At the moment the disappears, all the customers desert us and turn to him and as a result an entire domestic industry is rendered stagnant. This competes against us without mercy. And of course the foreign manufacturer that they are upset about is the sun. It is traditional hospitality protesting against some businesses like airbnb. Here is that petition, pass a law ordering the closing of all windows, skylights, shutters come and curtains. Why do we want to bring in all of this competition . What jobs are gone that you may be about . Jobs that are created over the years, telephone operators, travel agents as mustve been replaced by online booking, we have a lot of Grocery Stores and automated checkouts, and this needed to be done by him, to protect their way of life and their industry. You see this cave where hes able to gather enough for everyday to take care of his family, even if there is a better hunting or forging around a couple miles away, hes just got enough for what he needs. And it may be finding the risk. If. John today they dont resist it themselves, they hire lobbyists to prevent this innovation. Thank you, sarah. I believe in Creative Destruction, but we all get squeamish when our own jobs are at date. What jobs are threatened including mine. I retain more research on a more charismatic. Something like that will happen at some point. Its optimistic, they say robots come bearing coffee and we should welcome the artificial brethren. Peter welcomes that. But emerging Technology Specialist john hayden says we should not welcome the new robot overlords. Humans have finite capabilities. We can only work 60 or 70 hours per week, are we going to choose human workers or machines . That doesnt scare people, the robots are better. I have a lot of other people do it could have nothing to do. At something that a lot of people worry about, but i dont think its something that we should be worried about. And i see them as our partners and in some cases the tools. The Industrial Age has freed us up to do many things that cannot be imagined 100 or 200 years ago. 70 of the united states, the jobs that we have were part of this and people could not imagine the jobs that we have now, 200 years ago, 100 years ago, we cannot imagine the jobs that people will have from now and on many of those are going to be possible because of robot automation. Here is how the great loss of all his the right the situation say, those individuals the right the simpsons. They are placing us with robots and its despicable. John this will happen to 20 people and not all of them are going to find jobs. More of them are created in the economy but the number has expanded with the number of people because people are creative and inventive and they find things to do. A lot of economists are saying that this is a different era. The gdp has said that the wages are not increasing around the world. It is different. And the fact that we are replacing so many jobs with machines, to saying that there will be more jobs created. John nbc claims that pharmacist, babysitters, sportswriters, lawyers, astronauts. The two things i wonder is who is going to pay me when my job is filled and then second is how do you have a sense of purpose when you dont have any more work to fill the day. John people find ways themselves productive. What is taught is that the government questions at the universal basic income question, and the welfare that we were just talking about before we came out, its multifaceted and there is not an easy solution, but the question is what is the other alternative, that these thousand people are without jobs. John when government steps in, they make is the work. There are models in copenhagen, denmark, universal health care that works for them. John lets show how hollywood imagines the robot dominating future. In this movie, will smith argues about the value of people. Robot write a symphony or turn the campus into a beautiful masterpiece . John this tv series imagines a future where robots are popular. They are capable of bonding empathetically with their clients and respond accordingly. And its a significant achievement. See one that is fiction. But the issue of reason points out that he is dolls are popular and real and this stuff is coming. Yes, people should be prepared, some will think that its creepy and that is their right, but i dont think that it is and i dont think that peoples personal perceptions of it, the opinion that its creepy should guide how we fit this role and in some cases people interact with pets, computers, i have a relationship with my phone, i yell at it sometimes and makes me happy in other cases and this is something that people will like, something we should celebrate and not worry about. John thank you both. To join this debate, please follow me and use the hash tag innovation or like my Facebook Page and you can post on my wall as well. Coming up, the dozens of things that have been creatively distorted and now fit inside my tiny cell phone. Plus, selling a home. Plus, selling a home. We have an agent thanks. Plus, selling a home. We have an agent [ male announcer ] fedex® has solutions to enable Global Commerce that can help your company grow steadily and quickly. Great job. mandarin cut it out. See you tomorrow. Do something get on the floor oh im not a security guard, im a security monitor. I only notify people if there is a robbery. Theres a robbery. Why monitor a problem if you dont fix it . Thats why lifelock does more than free credit monitoring to protect you from identity theft. We not only alert you to identity threats, if you have a problem, well spend up to a Million Dollars on lawyers and experts to fix it. Lifelock. Join starting at 9. 99 a month. My lineage was the vecchios and zuccolis. Through ancestry, through dna i found out that i was only 16 italian. He was 34 eastern european. So i went onto ancestry, soon learned that one of our ancestors we thought was italian was eastern european. This is my ancestor who i didnt know about. He looks a little bit like me, yes. Ancestry has many paths to discovering your story. Get started for free at ancestry. Com when youre on hold, your business is on hold. Thats why comcast business doesnt leave you there. When you call, a Small Business expert will answer you in about 30 seconds. No annoying hold music. Just a real person, real fast. Whenever you need them. So your business can get back to business. Sounds like my rides ready. Dont get stuck on hold. Reach an expert fast. Comcast business. Built for business. John do you want to sell your home . Real estate brokers offer to help you but they charge a 6 commission. 6 . The average home sells for about 200,000 and that is a 12,000dollar feet. 60,000 on a Million Dollar home. Thats a lot of money for showing one house and so far the 6 Real Estate Commission has resisted Creative Destruction. Some say to negotiate with agents and some says the average Commission Paid down to 5. 4 . But its still quite a bit. Increasingly people have found new ways to buy and sell homes. Sixty minutes featured a couple that sold online. How much did you save or not going with a traditional realtor . Overall we saved 26,000 and now it can walk down the aisle. John they saved by selling through a Real Estate Brokerage called redfin. How does that work . People say that the world should take notice. We have 10 Million People using this website every month and we try to use technology to make things better and faster and more efficient. We say people tend to 15,000 when they buy and sell a home through us. John there are Internet Companies which just list things and they are great. But you still use agents. Yes, we have our own agents because all of the efficiency that the website creates for us, we want to pass on to the consumer. If an agent and Software Work together, thats the only way the you can attack that its commission and make a real estate better for consumers. John a year after his company began, they caught a break when 60 minutes interview them. We have refunded over 3 million to our customers. Refunded . Yes, when we are the buyers agent, we take our commission which is usually 3 and wiki one third of it and we give two thirds of it back. John i am amazed that they are almost at 6 and brokerage commissions came down travel agents, car dealers now with the information out there that they struggle to get as much. Why do you think that is . Real estate is a local business that takes time to penetrate every market and so their are hundreds of millions of dollars in revenue coming in at this point. Yes, we only have three or 4 market share in some of the most established market. What you have is an industry thats very large and you have a company that is taking the market share hand over fist. We are growing 40 and 50 every year and we still only have a small fraction of the market. John perhaps you had grown faster if you havent named your company redfin. Redfin is real estate redefined. I like it. Okay. You know, every single one of them has to be good. So the business grows at a steady rate and it cant grow faster than that without compromising customer service. Someone. Sometimes government stands in the way. They have laws preventing refunds. Many prevent us from doing the consumer some of the money back. We like to give four or 5000 back in to the consumer just because we are more efficient in states like this but they just dont allow it. We dont see how on earth that can be in a consumers best interest and that something that we have lobbied without much effect. John good luck to you. Coming up, can i get rid of of these credit cards . I am told that there is a better and cheaper way to pay for things coming up pet moments are beautiful, unless you have allergies. Then your eyes may see it differently. Only flonase is approved to relieve both itchy, watery eyes and congestion. No other nasal allergy spray can say that. 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[martha and mildred are good to. Go. Because you cant build the business of tomorrow heres your invoice, ladies. A few stops later, and it looks like big ollie is on the mend. It might not seem that glamorous having an old pickup truck for an office. Or filling your days looking down the south end of a heifer, but. I wouldnt have it any other way. Look at that, i had my best month ever. And earned a shiny new office upgrade. I run on quickbooks. Thats how i own it. John when i buy something i often use this stuff. Its called cash. I also use plastic, i like the convenience and i get a nice bill at the end of the month, but as usual i am behind the times, Creative Destruction happening until young people tell me what is wrong with you, you are paying with credit cards compared to paying with paypal, and what is next . The ceo of americas most Viable Company says that he knows. Our vision is to replace this. 200 million times that we have scrambled for a credit card and we go through what is a fairly antiquated payment process. It looks Something Like this. John i sped this up because it goes even faster. But you get the point, using a credit card can be a pain in the neck. We have created an entirely new payment process. We call it apple pay. John it is quicker. That is it. John if it does, replace companies, max says okay. I think its great, but it might not be me and you who decide that the sovereign marketplace. The kids you are talking about could decide that its time for change and they are the ones who are going to decide. If i can consolidate as. You are not using paypal and all of these new things . Arent you still using credit cards . I am, but i just downloaded this onto my phone and there are other kinds of tech section matins and these are used to doing it and its better because its more convenient and the transactions are faster and eventually we could see prices of transaction fees coming down and you will start to feel that over time. John i just read that people got ripped off. There could be the starts and stumbles. When paypal started off they had problems but they had every intent to fix it and now they are Second Nature for paying for the stuff online. John all of these are promising but they use the u. S. Dollar, which is useful but since i was born this is like 90 of the value. This is what i couldve bought back then. That is the reason that i am not putting all my eggs into this dollar. We have heard of this new form of currency called bitcoin. They are digital coins that you can send through the internet and transferred from person to person via the internet without going through a bank or a clearinghouse. John this is what you are most excited about we met. Yes, i am. Wide . People have been using it to buy illegal things. People use cars but we dont want to vanna cars. John the price of bitcoins went out. People kind of chill out and sometimes there is an irrational exuberance but we sorted out. John you are most excited about in poor parts of the world . Millions of people, billions, in fact, people who have no land titles or property, while they might have is a phone and they are suddenly empowered. Thats right, like the predatory government that they live under, for example. John in zimbabwe they had milliondollar bills because theres been so much inflation. Yes, the Central Banks are often far worse than our Central Banks, which is not the best, but even if we use it here at home and we find it disruptive, if the government is not scared of a little competition, lets be what these currencies can do. John thank you, max of the wonderful freeman magazine. And coming up next, better ways to learn things. Im billy, and i quit smoking with chantix. I decided to take chantix to shut everybody else up about me quitting smoking. I was going to give it a try, but i didnt really think it was going to really happen. After one week of chantix, i knew i could quit. Along with support, Chantix Varenicline is proven to help people quit smoking. Chantix definitely helped reduce my urge to smoke. Some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. Some had seizures while taking chantix. 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