LIZ: ALL RIGHT.
BREAKING NEWS.
WE HAVE THE SAN FRANCISCO FED
PRESIDENT MARY DAILY MAKING SOME
COMMENTS RIGHT NOW THAT ARE
HITTING THE TAPE AND I THOUGHT
THIS ONE WAS PRETTY INTERESTING.
SHE SAYS THE U.S. LABOR MARKET
HAS BEEN NOTHING SHORT OF
EXTRAORDINARY.
YES, WE HAVE HAD GREAT JOBS
NUMBERS.
I THINK THAT'S IMPORTANT TO
BRING YOU, THAT A FEDERAL
RESERVE, SHE IS HEAD OF THE SAN
FRANCISCO BANK, IS SAYING THAT
BECAUSE IT'S GOOD NEWS.
>>> ALL RIGHT.
I WANT TO ALSO SHOW YOU THIS.
HAVE YOU SEEN "TIME" MAGAZINE
COVER STAR FRESHMAN
CONGRESSWOMAN ALEXANDRIA
OCASIO-CORTEZ?
SHE'S GETTING MASSIVE ATTENTION,
I MEAN SHE'S ON "TIME" MAGAZINE
AND SHE'S NOT EVEN RUNNING FOR
PRESIDENT.
ALL RIGHT.
WHAT ABOUT THIS GUY?
A BUSINESSMAN, ANDREW YANG, WHO
IS RUNNING ON THE DEMOCRATIC
TICKET IN 2020 FOR PRESIDENT.
WHY ARE WE BRINGING HIM TO YOUR
ATTENTION?
BECAUSE HE'S RUNNING AND SAYS,
THIS IS PRETTY MUCH HIS
PLATFORM, HE QUOTE FEARS FOR THE
FUTURE OF OUR COUNTRY.
HE SAYS ROBOT SOFTWARE AND
ARTIFICIAL INTELLIGENCE HAVE
ALREADY DESTROYED MORE THAN FOUR
MILLION U.S. JOBS AND IN THE
NEXT FIVE TO TEN YEARS, THEY
WILL ELIMINATE MILLIONS MORE.
OUR NEXT GUEST IS ALSO A
BUSINESSMAN WHO MIGHT DISAGREE.
ZIP RECRUITER, YOU KNOW THIS
NAME, RIGHT, IT CONNECTS
MILLIONS OF BUSINESSES WITH JOB
SEEKERS AND IT'S DOING THAT WITH
THE HELP OF ARTIFICIAL
INTELLIGENCE, SMART MATCHING
TECHNOLOGY.
ZIP RECRUITER CEO JOINS US IN A
FOX BUSINESS EXCLUSIVE.
GREAT TO HAVE YOU, IAN.
HOW DOES SMART MATCHING WORK,
THEN WE WILL GET TO WHAT MR.
YANG SAYS.
>> WELL, IT USED TO BE IF YOU
WERE AN EMPLOYER LOOKING TO HIRE
SOMEONE, YOU WOULD POST A JOB
AND THEN HOPE FATE BROUGHT THE
RIGHT CANDIDATE TO THE AD THAT
YOU POSTED.
NOW THE ALGORITHMS THAT WE HAVE
CREATED WILL INSTANTLY GO
THROUGH ALL OF THE ACTIVE JOB
SEEKERS IN THE MARKET, IDENTIFY
THE VERY BEST FIT FOR THE JOB
YOU HAVE POSTED, AND LET THEM
KNOW THAT THAT JOB JUST WENT
ONLINE.
LIZ: SO IT'S A HIRING TOOL AND
TALK ABOUT HOW IT ACTUALLY
WORKS.
IT PROBABLY SIFTS THROUGH
RESUMES LOOKING FOR KEYWORDS?
>> IT'S WAY BEYOND LOOKING FOR
KEYWORDS.
THIS IS A TYPE OF SOFTWARE THAT
USES ALL THE INFORMATION BOTH IN
THE JOB AD AND THE RESUME PLUS
ALL OF THE ACTIVITY THAT JOB
SEEKERS EXHIBIT WHEN HE OR SHE
IS SEARCHING FOR A JOB, AND IT'S
LOOKING AT THE ENTIRE POPULATION
TO SEE OTHER JOB SEEKERS WHO
LOOK LIKE THAT JOB SEEKER.
IT'S THE SMARTEST ALGORITHM
THAT'S EVER BEEN BUILT.
LIZ: OKAY.
ANDREW YANG TOTALLY DISAGREES.
THIS IS A NAME THAT MANY
AMERICANS MIGHT NOT KNOW BUT
HE'S RUNNING FOR PRESIDENT.
HE'S A BUSINESSMAN.
HE'S NOT AN IDIOT.
HE'S CERTAINLY A SMART GUY.
WHAT HE'S SAYING IS RESONATING
WITH SOME PEOPLE WHO FEEL THEY
HAVE ALREADY BEEN REPLACED BY
A.I., ARTIFICIAL INTELLIGENCE,
BUT WHAT IS YOUR COUNTER TO
THAT?
WHAT DO YOU HAVE TO SAY ABOUT
HIS CONCERNS?
>> WELL, LET'S BE CLEAR.
TECHNOLOGY IS ALWAYS BOTH
DESTROYING AND CREATING NEW
JOBS.
I CHALLENGE YOU TO LOOK AT ANY
POINT IN HISTORY AND FIND A TIME
WHEN TECHNOLOGY CREATED LESS
JOBS THAN IT DESTROYED.
LIZ: THE INDUSTRIAL REVOLUTION
WAS ACCUSED OF PROBABLY DOING
THE SAME THING.
>> ABSOLUTELY.
SO YES, THERE IS NO MORE
TELEPHONE SWITCHBOARD OPERATORS
OR SEAMSTRESSES OR DATA ENTRY
CLERKS.
BY THE SAME TOKEN, WE NOW HAVE
AN APP STORE WHERE IT'S AN $80
BILLION ECONOMY AND 300,000
PEOPLE MAKE THEIR FULL-TIME
LIVING.
LIZ: HERE'S THE PROBLEM.
IT'S ALREADY BEEN PROVEN THERE
IS EVIDENCE THAT H.R. RESUME
SIFTERS ARE BIASED.
THEY ACTUALLY TAUGHT THEMSELVES
TO DISLIKE WOMEN CANDIDATES.
WE CAN PUT UP ON THE SCREEN
THINGS THAT A.I., AMAZON HAD A
PROBLEM WITH ONE OF ITS BETA
THINGS ACCORDING TO REUTERS.
IT STARTED TO SPIT BACK AND
REJECT RESUMES THAT HAD THE WORD
WOMEN AND WOMEN'S, ALL WOMEN'S
COLLEGES, THE WORLD SYNERGY AND
DUTIES, BUT IT LIKED WORDS THAT
MALE CANDIDATES TEND TO USE SUCH
AS EXECUTED, CAPTURED, RESULTS.
HOW DO YOU MAKE SURE AND ENSURE
THAT THERE ISN'T GENDER BIAS
WITH A.I.?
>> WELL, UNCONSCIOUS BIAS OR
GENDER BIAS OR AGEISM OR
WHATEVER BIAS YOU WANT TO TALK
ABOUT, IT'S PERVASIVE THROUGHOUT
OUR SOCIETY.
HONESTLY, IT'S A REALLY
CHALLENGING PROBLEM.
THERE IS NO ONE SIZE FITS ALL
SOLUTION FOR IT BUT OUR CHOICES
ARE SIMPLE.
EITHER WE CAN TRY TO RETRAIN
EVERYONE IN SOCIETY TO
UNDERSTAND THEIR OWN UNCONSCIOUS
BIAS AND HOPEFULLY ELIMINATE IT,
OR WE CAN GO TO THESE ALGORITHMS
BECAUSE WITHIN THE ALGORITHMS WE
GET TO MAKE CHOICES.
WE GET TO SAY THINGS LIKE I'M
GOING TO MAKE THE WORD WAITER
AND WAITRESS THE SAME ON EVERY
RESUME.
LIZ: YOU GUYS ARE NUMBER ONE
APP, ZIP RECRUITER THE NUMBER
ONE APP FOR IOS AND ANDROID.
WHAT ARE YOUR TOP PAYING JOBS
THAT ARE OPEN RIGHT NOW?
I PROMISED MY VIEWERS ON TWITTER
THAT WE WOULD TALK ABOUT THESE.
>> WELL, FIRST OF ALL, THIS IS A
GOLDEN AGE TO BE A JOB SEEKER.
THERE ARE COUNTLESS JOBS THAT
ARE UNFILLED RIGHT NOW THAT PAY
ANYWHERE FROM MIDDLE CLASS TO
UPPER MIDDLE CLASS SALARIES.
LIZ: WE HAVE EMERGENCY PHYSICIAN
FOR $147,000, NURSE, SENIOR DATA
MODELER, SOFTWARE ENGINEER.
>> YES.
TECH AND HEALTH CARE ARE BOOMING
CATEGORIES.
IN PARTICULAR, HEALTH CARE.
WE HAVE AN AGING POPULATION
THAT'S GETTING OLDER THAN IT HAS
EVER BEEN WHICH MEANS THERE IS
MASSIVE DEMAND FOR NURSES AND
ALL THE SURGICAL SERVICES THAT
GO WITH PEOPLE WHO GET TO AN
OLDER AGE.
THEN IN TECH, THE FASTEST
GROWING JOB CATEGORY IN AMERICA
AND WILL CONTINUE TO BE SO
PROBABLY FOR THE REST OF OUR
LIFETIMES.
LIZ: NOT NEWSCASTER?