00:00Short history lesson. The fact was, you know, computing power for a long period of time was actually controlled by entities, governments, large universities, large companies, etc.
00:09But then once we figured out the manufacturing dynamic to create, you know, microprocessors at a much lower cost and rate, we were able to distribute this computing power pretty much globally.
00:20And then, you know, we had wonderful connectivity agents, companies that connected all that computing power.
00:28And then we had folks who actually created these little devices that we can now kind of connect to that computer power anywhere.
00:34So what has actually occurred is if you think about it is, you know, this whole dynamic of connectivity, access to the computing power created a massive productivity swing globally in every single industry.
00:47And every single industry is actually becoming more reliant on this digital capability as opposed to less.
00:57And as you've seen over the last 20 years, you know, the vast majority of the wealth that's been created has been in some form of technology.
01:06So we have to ensure as a people on, you know, this platform that we participate in this.
01:13And that is, in essence, 20 years from now, you're going to see, you know, not only just a vast majority of wealth of any wealth of any size of consequence is likely going to be attributed to some form of digital dynamic.
01:25Even today, you know, the productivity of software is still it is the most productive tool introduced in our business economy over the last 50 years and likely will be for the next 50.
01:35So it is critical that we as a community drive as many on ramps as we can of our people, our children onto this onto this platform in one way, shape, form or another.
01:47It should be obviously everyone just, you know, looking around how your kids and young people interact, how we communicate, how we communicate as adults, you know, where we where we find our entertainment, how we how we engage in business.
01:59It is more digital and will likely skew more to that direction than less.
02:04And now we're introducing a whole series of what I call digital accelerants that will that will create, you know, more exponential productivity.
02:16These are things called machine learning and artificial intelligence and robotic process automation.
02:20And those those sort of dynamics, we have to not just be consumers of, but be producers of that productivity.
02:26So that's why I highly encourage, you know, I tell people, anybody in your family under the age of 25, you should you should, you know, force them to learn how to code, write code.
02:38And what's so interesting, Rich, you've got seven and a half, eight billion people on the planet.
02:42There's only about 30 million of us who actually know how to write code.
02:45Now, think about it.
02:46So there's going to be the folks who manage those folks.
02:49I know. Right. But it's going to be that group of people who can capture the disproportionate economic benefit of the productivity that comes from this this tool.
02:58So drive more of every one of your kids, drive them to become programmers.
03:02And, you know, a well-paid programmer makes more than LeBron James, honestly, over over a career or an average NBA player.
03:09If you think about it.
03:11Thank you. Thank you for putting that perspective.
03:13Yeah. Thank you for putting in that perspective, because it now gives people a measure as to say, oh, you can make as much as LeBron James.
03:20Go code.
03:21Yeah, right.
03:22Very two of us are going to make it on the court.
03:23Well, you may have to manage coders to make as much as him.
03:26Exactly.
03:27I mean, you know, but the average NBA player and average, you know, player over a lifetime at Google or Apple or, you know,
03:34some of our great companies make more than those those guys by multiples.
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