The Minutes

Howard Marks on

jobs

2 entries, 11 Dec 2025 to 11 Dec 2025

On the recordsourced and dated, oldest first

    1. spoken

      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.”

      11 Dec 2025 · Bloomberg Podcasts · 10:02 · source · permalink
    2. spoken

      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.”

      11 Dec 2025 · Bloomberg Podcasts · 9:39 · source · permalink

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