Quanta Services, Inc.

Jason support ×1 ▲ on 📈 Blue-collar trades boom and a rising premium on human service E238 · 2025-08-09 ▶ 1:06:00

And they're going for trade degrees where plumbers and electricians are making 100, 150k a year.

Anthropic just released a paper this month saying, we want 50 gigawatts of power for the AI in America and over the next three years. That's about as much power as was added all this year.

Sacks support ×2 ▲ on 📈 Blue-collar trades boom and a rising premium on human service E236 · 2025-07-19 ▶ 53:00

It wasn't just big tech. Yes, Ruth Porat from Google was there. It's also small tech. There was hardware companies, there were robotics companies, but there were also these energy companies. There was nuclear, there was gas. The trade associations were there. It's construction, it's electricians, it's carpenters. And so, there was a huge diverse array of different parts of the economy that are going to experience growth from this AI boom that's taking place.

Chamath support ×3 ▲ on ⚡ The US power bottleneck is turbines, transmission and storage, not generation E234 · 2025-07-04 ▶ 19:31

The problem is that if we put it in order right now, we can't get Nat gas turbine viable and turned on until 2030 It's not a technology issue, it's purely a supply chain issue. So I think what our energy policy needs to make sure we contemplate is that many of the things that we are debating are no longer issues of production, but they're issues of supply, transmission and distribution.

you should destigmatize being an electrician, a plumber, a contractor, all these things that when I was told, when I was growing up, they point to a guy doing construction and go, you're going to do that if you don't do your homework. And then the people that did their homework are all bankrupt. And that construction guy is killing it.

Jason support ×2 ▲ on 📈 Blue-collar trades boom and a rising premium on human service E222 · 2025-04-05 ▶ 1:38:15

Then think about generation tool belt. You've got all these plumbing jobs, electrician jobs, construction jobs that pay massively hourly wages that are available for people today. We have too many job openings today.

Chamath support ×2 ▲ on 📈 Blue-collar trades boom and a rising premium on human service E214 · 2025-02-07 ▶ 1:20:15

And I think what you see is that when economies get more and more evolved, you see the growth of services, businesses that are these things that can only happen when you have excess. The person that you pay for closet organizing would not have had a job in the turn of the agrarian revolution or the industrial revolution.

Sacks support ×2 ▲ on 📈 Blue-collar trades boom and a rising premium on human service E197 · 2024-09-27 ▶ 1:12:45

Some of the work will be more in the blue-collar space, and I agree with Chamath that this is a good thing.

Friedberg support ×3 ▲ on 📈 Blue-collar trades boom and a rising premium on human service E197 · 2024-09-27 ▶ 1:16:41

There's going to be an incredible blossoming, I think, in human service jobs, and they don't need to have a degree in polysci to be performed.

Chamath support ×3 ▲ on 📈 Blue-collar trades boom and a rising premium on human service E197 · 2024-09-27 ▶ 1:10:33

If you can go and get a trade degree and live an economically productive life where you can get married and have kids and take care of your family and do all the things you want to do, that's going to put an enormous amount of pressure on higher ed.

Chamath support ×2 ▲ on 🏛️ Infrastructure trillions get captured by the contractors E66 · 2022-02-05 ▶ 40:24

There's a term in Washington, which is called the Christmas tree bill. And the infrastructure bill is an example of that, which is this is not a directed shot on goal. What this is is a random tree that you go and hang little things on top of. ... And so to your point, the fact that Ryan can say there's 17 billion dollars allocated to something like ports, but it's unclear to him who's an expert in the space where that money goes and how it's spent gives us zero chance of figuring this out.

There's $17 billion allocated to ports. I went and read it and I couldn't find any money that was going to be spent on building ports. It was like, study this. ... it's like things like, oh, each state must create our supply chain readiness report about it's like, what are you talking about? ... But like to then create studies and consultants, I don't know that any of it's going to hit the ground and shovel.

Friedberg support ×2 ▲ on 🏛️ Infrastructure trillions get captured by the contractors E56 · 2021-11-20 ▶ 1:05:32

we don't need yesteryear's infrastructure. We don't need last century's infrastructure. New bridges and toll bridges or whatever nonsense is going to get inflated as a result of this recent infrastructure

Chamath support ×2 ▲ on 🏛️ Infrastructure trillions get captured by the contractors E56 · 2021-11-20 ▶ 53:41

the procurement process is the furthest thing from a free market where you essentially have these licensed people that are allowed to provide services. And so if you actually have the key critical input to making something possible, you have to get bundled in through contractors and subcontractors and general contractors who each take their five and 10 percent.

Sacks support ×2 ▲ on 🏛️ Infrastructure trillions get captured by the contractors E54 · 2021-11-06 ▶ 1:13:19

I think what's going to happen in the wake of this election is that this infrastructure bill is going to sail through. Because one of the crazier things that the progressives were doing was holding that bill hostage. ... Because a lot of those programs are going to be popular in a state like Virginia.

Friedberg support ×2 ▲ on 🏛️ Infrastructure trillions get captured by the contractors E28 · 2021-04-01 ▶ 42:48

But the question of where those dollars actually go ultimately, if you kind of look at how government contract work is done, there will be a few people that own the majority of these contract service providers that will benefit heavily from this capital coming out of the government's coffers and will go into their bank accounts.

Chamath support ×2 ▲ on 🏛️ Infrastructure trillions get captured by the contractors E28 · 2021-04-01 ▶ 44:25

How much of it will go into like lining the pockets of shareholders and folks in very specific companies who just print an enormous amount of profit over the next few years? Probably another 150 or 200 billion.