Howard Marks on

jobs

2 quotes · December 2025

Saidverbatim, newest first

  1. Marks argues job losses from automation and offshoring coincided with the opiate epidemic in both amount and geographic location.

    “And as I said in the addendum, When we lost jobs to automation and offshoring, I think that that coincided with the opiate epidemic and not only in amount but also in location.”

    9:39 · Bloomberg Podcasts · 11 Dec 2025 · permalink
  2. Marks worries that replacing income from lost jobs cannot address purposelessness since jobs provide more than paychecks.

    “And I think it's a natural consequence of people sitting around all day. And even if we if we can find a way to replace their income I worry about purposelessness and you know we get so much job so much from our jobs other than a paycheck and you can't replace that stuff.”

    10:02 · Bloomberg Podcasts · 11 Dec 2025 · permalink

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