Episode Transcript
Bill Gates is flat out wrong about AI destroying your job.
In fact, the data shows AI will create twice as many jobs.
Speaker 2As it eliminates, and I can prove it.
Speaker 1What if I told you that we're currently in the sixth wave of technological revolution.
I've tracked for years in my quantum leap waves framework.
Speaker 2Each of these.
Speaker 1Waves follows the exact same pattern and AI it's no exception.
After studying two hundred and fifty years of technological disruption and accurately predicting multiple.
Speaker 2Market shifts, I've uncovered something.
Speaker 1Shocking about AI's impact on jobs that the billionaires don't want you to know.
I'm going to reveal five specific industries where AI will create unprecedented wealth opportunities, plus the one skill that will make you invaluable in the AI economy.
Speaker 2So let's go, Autificial intelligence could replace a quoted a three hundred million from time jobs.
Feel of AI taking over human jobs?
Speaker 1You know, a great doctor, a great teacher, and with AI over the next decade, that will become.
Speaker 2Free common places.
All right?
Speaker 1So even seeing these headlines around everywhere lately, right, I mean, pretty scary stuff.
But what if I told you that these predictions even from brilliant minds like Bill Gates, are fundamentally misunderstanding how technological revolutions actually work.
Now, if you've been following my work, you know I've spent years researching and documenting what I call quantum leap waves.
There are fifty year technology cycles that transform our economies and society all throughout history.
Now, drawing from the groundbreaking work of Carlada Perez and her book Technological Revolutions and Financial Capital, I've identified these reoccurring patterns that show how technology evolves, its predictable waves, creating massive opportunities, of.
Speaker 2Course, for those who understand them.
Speaker 1Now, from the industrial revolution of seventeen seventy one to steaming railways in eighteen twenty nine, steal electricity in eighteen seventy five, oil automobiles in nineteen oh eight, telecommunications in nineteen seventy one, and now the centralized tech revolution beginning in twenty twenty one.
Now, each of these waves, it follows the same predictable pattern.
Now, initial disruption and fear, followed by massive job creation and economic expansion.
Speaker 2And this isn't theory.
Speaker 1It's a documented historical pattern that repeats with remarkable consistency.
Speaker 2So for those who don't know me, just real quick.
Speaker 1Now, I've been deeply involved in technology and investments for over two decades.
I've built and sold two different technology businesses.
I've been investing into early stage venture tech deals.
Today I'm a partner and a leading bitcoin venture fund, as well as advisor to several tech bitcoin companies totally more than half a billion dollars, which is why I spend almost all my time analyzing these macro trends that affect all of our financial futures.
And I've been implementing AI in my own businesses and I've seen firsthand how it.
Speaker 2Creates more opportunities than it eliminates.
Speaker 1But I also recognize the legitimate concerns that people have.
Now today I'm going to walk you through why Bill Gates and other tech leaders are missing the big pig.
You're here, the historical evidence from previous technological revolutions, the economic mechanics that drive job growth and destruction.
I'm going to give you five specific industries where AI will create the most jobs and the one skill that you need to be invaluable in the AI economy.
Now, if you're worried about your own job, whether you're looking for investment opportunities in this space.
Speaker 2This analysis is going to change the way.
Speaker 1You view AI revolutions and it's going to show you where we are in this current quantum le wave.
But first, if you're new here, just make sure to hit that subscribe button and that bell notification real quick so you don't miss out on any of these cutting edge analysis videos so you can understand the forces that are shaping our economic future.
Now, let's first start by understanding exactly what Bill Gates and others are claiming about AI and jobs.
You see, in a recent interview, Bill Gates said that quote, AI will replace doctors and teachers in ten years, adding that up to eighty to ninety percent of doctors, teachers, and other white collar service providers will be put out of work.
Speaker 2This is coming from the man who co founded Microsoft.
Speaker 1He's been at the forefront of the digital revolution, and he's not alone these concerns, they're not new.
All throughout history, major technological shifts seem to always trigger the same fear.
Now, during the Industrial Revolution, there was a group called the Leddites.
They destroyed machinery that they believed threatened their jobs.
When computers entered the workforce in the nineteen seventies and eighties, people feared that mass office worker displacement would happen when the Internet emerged.
Traditional retail and media jobs were supposedly doomed.
But here's where it Gates and others got it wrong.
They're looking at technologies in isolation rather than seeing them as a larger economic cycle.
Now, when I look at my quantum leap waves model, I see that we're currently in the early deployment phase of the decentralized tech revolution that began around twenty twenty one.
Now AI is at a core technology of this wave, along with bitcoin and the way they converge here, and it's just like the steam engines was to the First Industrial Revolution.
Speaker 2And here's what Gates seemed to be missing.
Speaker 1While each wave does initially display some jobs, it consistently creates far more new opportunities than it eliminates.
Speaker 2Let me show you the evidence.
Speaker 1Let's look at what actually happened during previous technological revolutions in my quantum leap waves model.
So the first one up was the First Industrial Revolution, which was from seventeen seventy one to the eighteen thirties, This was the original tech disruption.
Steam power, mechanized textile production and the first factories.
Speaker 2Now did it eliminate jobs?
Yeah?
Speaker 1Absolutely, Traditional crafts people were crushed.
Around eight percent of Britain's population worked in what was called spinning in seventeen seventy.
Speaker 2When the spinning jenny and the.
Speaker 1Water frame came along, those traditional jobs disappeared practically overnight.
Sound familiar, right, But here's what most people don't realize or don't think about.
This revolution created entirely new categories of jobs that never existed before.
Factory worker operated new machinery.
Engineers designed and maintained those machines.
Transportation workers handling, increased distribution, coal miners as the energy man went up Clerks and managers to.
Speaker 2Run these growing businesses.
The numbers don't lie here.
Speaker 1Manchester UK grew from twenty five thousand people in seventeen seventy one to over three hundred thousand by eighteen fifty one.
Richard Arkwright's factory in Cromford employed two hundred workers in seventy seventy one, while later Ford would employ forty thousand.
Speaker 2Workers under one roof as Michigan plant.
Speaker 1If technology was killing jobs wages would have tanked.
Instead, they surged after an initial adjustment period.
Now let's fast forward to the second wave in my model, the age of steam and railways.
This was from eighteen twenty nine to eighteen seventy three.
This brought transportation revolution and early factory systems, and yes, it also disrupted jobs again.
Horse drawn transportation, workers, traditional craftsmen, manual labors.
Speaker 2They all faced massive challenges.
But let's look at the results.
Entirely.
Speaker 1New industries emerged railways, locomotive manufacturing, the telegraph.
We had new commercial centers developed along these rail lines.
International trade expanded dramatically.
New management occupations appeared everywhere.
Between eighteen thirty to eighteen seventy, the global economy experienced unprecedented growth, and in the United States alone, manufacturing employment expanded four times.
As railway networks connected the entire country, we saw labor unions.
They grew massively during this period too, from about five hundred strikes involving about one hundred and fifty thousand workers annually in the early eighteen eighties to much larger numbers by the eighteen nineties.
Workers weren't disappearing their numbers, their economic power was growing.
Now, let's jump to the fourth, the fourth quantum leap wave, which was the age of oil, mass production, and automobiles.
This is from nineteen oh eight to nineteen seventy one one.
Now everyone was sure that assembly lines would make humans obsolete.
Speaker 2What about all the buggy makers?
Speaker 1When the cars were there, we saw craft manufacturing jobs, traditional transportation roles.
Speaker 2They did get automated.
Speaker 1But what happened next, Well, the automobile industry created millions of new jobs.
Oil production, refining, distribution employed millions more mass consumer goods industries.
They exploded, advertising marketing, retail sector grew exponentially.
The suburbs began to develop, creating construction booms.
The fifth wave, the age of Information and telecommunications from nineteen seventy one to twenty twenty one, brought computers and the Internet.
Now everyone was sure that these were going to make humans obsolete.
Some clerical jobs, some manufacturing positions, data processing roles.
Speaker 2Some of those did get automated.
But check this out, But computers, robots, and arts.
Speaker 1Officially, intelligent systems are replacing people.
People in computer occupations increased from four hundred and fifty thousand nineteen seven to four point six million by the year two thousand.
Information workers grew from thirty seven percent of the US workforce in nineteen fifty to fifty nine percent by the year two thousand.
James Bessen from Boston University found computerized industries actually experienced higher employment growth than non computerized industries.
Interesting, right.
According to McKinzie, the personal computer and Internet created over nineteen million jobs.
Speaker 2And that's not a mistake.
We're talking nineteen million new jobs.
Speaker 1So are you starting to see the pattern in these quantum leap waves?
Every single technological revolution follows the same trajectory.
One initial job displacement in some specific sectors, two creation of entirely new job categories, and three net positive job growth.
So all these predictions about AI destroying jobs, well, like I said, we've heard it all before.
We've been hearing it for almost three hundred years, and histories can distantly proven the pessimists are wrong.
But understand why this happens.
To understand that, we have to understand the next thing, and to really grasp why technology creates more jobs than it eliminates.
We need to understand five key economic mechanisms that Bill Gates and others seem to be overlooking first productivity and economic growth.
Okay, this is basic economics that most AI doom sayers ignore.
When productivity increases, the entire economic pie expands, more values created and the same resources which generate wealth, and that wealth creates demand for new goods, new services, and yes workers.
During each quantum leap wave in history, productivity gains drove unprecedented economic growth.
In the computer era, cities with high levels of computer adoption saw faster economic and employment growth than those that lag behind.
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Speaker 2This is the key.
Speaker 1Insight that most people completely miss.
New technologies often complement human labor rather than just replacing it.
A recent MIT research which suggested that AI is more likely to complement than replace human workers.
AI systems enhance human capabilities, enabling workers to focus on higher value tasks while automation handles routine work.
Speaker 2Think of it this way.
Speaker 1The computer didn't replace office workers.
It made them more productive, It made them more valuable, and the same thing is happening with AI, but at an accelerated pace.
The third reason is that there's new industry creation.
Speaker 2Now.
This is the big one.
Speaker 1Each quantum leap wave spawns entire new industries that no one could have even thought of or predicted.
The automobile industry, it was unimaginable.
For the internal combustion engine, it employed millions directly and indirectly.
The software and internet industries, they were non existent before.
Computers now employ tens of millions globally.
Now AI will create entire industries that we can't even think of or imagine yet.
The fourth reason is that consumer demand expands.
As technologies reduce costs and increase quality, they expand markets, and they stimulate consumer demand.
This increased demand drives employment growth.
As computing became more affordable, computer ownership expanded dramatically, and that created jobs in production, sales, support software development.
And the fifth reason is skill based technological change.
Now, while technology may display certain routine tasks, it increases demand for skilled workers who can work with new technologies.
Now, research by economists David Carr and John Donardo shows that technological change has consistently increased demand for skilled workers.
Speaker 2Now.
Speaker 1Together, these five mechanisms explain why every quantum lead wave in history has been.
Speaker 2A net job creator.
Speaker 1But as AI truly comparable to past technologies, some say it's more disruptive.
Speaker 2Well, let's look at the evidence.
Speaker 1Let's examine what's actually happening right now with AI and jobs.
Contradicting Bill gatesbridy okay.
Well, according to the World Economic Forms Future Jobs Report, approximately one hundred and seventy million new jobs will be created this decade, significantly outpacing the ninety two million jobs expected to be displaced.
Technology related roles are the fastest growing jobs in a percentage of terms.
AI and information processing technologies are expected to create new employment opportunities in eighty six percent of surveyed companies.
Linkedinn data shows that as of November twenty twenty four, there has been sixteen five hundred and ninety one new AI job postings, a fifty nine percent increase just since January of twenty twenty four.
The US Bureau of Labor Statistics projects employment of software developers to increase seventeen point nine percent between twenty twenty three and twenty thirty three, much faster than the average for all occupations.
But it's not just about the numbers.
It's about entirely new job categories emerging.
For example, AI prompt engineers.
These are specialists who can craft queries to elicit optimal responses from aisystems.
We have AI ethic consultants, you know, they're professionally ensuring ethical AI implementation.
We have AI integration specialists, and these are experts who implement AI solutions within business processes.
We have machine learning engineers who develop and build the optimized AI models.
Speaker 2We have AI trainers.
Speaker 1These are workers who help AI systems with you know, human feedback, AI auditors, synthetic media designers, AI strategy consultants I mean advisors who help organizations like mine implement AI effectively, and so many more.
Now, let me reveal five specific industries where AI will create the most jobs in the coming years.
First, healthcare, AI is revolutionizing healthcare.
It's creating jobs and AI assisted diagnostics, personalized medicine, predictive healthcare, remote patient monitoring, and healthcare AI market is projected to reach one hundred and eighty eight billion by twenty thirty, creating millions of new roles to education.
Now, look, yes, AHI is going to replace some teachers.
It needs to, but we're seeing AA create new educational roles and personalized learning systems, adaptive curriculum development, educational content creation, and AI.
Speaker 2Enhanced teaching assistants.
Speaker 1We'll see it in creative industries AIS turbocharging content creation, opening opportunities in AI assystem design, augmented creativity tools, synthetic media production, content moderation.
We're seeing it in financial services.
It's transforming finance with roles in algorithmic trading, personalized financial advising, fraud detection systems, automated compliance monitoring, so much more transportation logistics, from autonomous vehicle development to supply chain optimization AIS creating high paying jobs all over in that sector.
Let me give you a real world example here.
I was talking to a friend who runs a marketing agency.
Now, before AI, he had a team of five people creating content.
Now, after implementing AI tools, he didn't fire anyone.
Speaker 2Instead, he tripled his client.
Speaker 1Base but only had to hire three more people because of the AI systems and the ability to.
Speaker 2Scale their clients.
Speaker 1The fallacy and thinking is that just because people can do more with less, that they're going to want to do less.
Like really, where in human experience shows us that.
Speaker 2It doesn't.
Now, this is the complementary effect in action.
Speaker 1It's happening across all five industries I just mentioned.
Recent research from the Tony Blair Institute found that the net impact of AI on unemployment is relatively modest, with a peak increase of only three hundred and forty thousand unemployed in twenty forty, a fraction of the total workforce.
Even in manufacturing, where automation fears are strongest, the evidence is surprising.
Studies from China show that employing robots has in many cases increased firms, labor employment, labor productivity, and average wages.
The pattern we saw in previous quantum lead waves is playing out again in AI, just like it was before, but this time the transition is just happening faster.
AI isn't another technology.
It's a general purpose technology, like electricity, like computing, so it has applications.
Speaker 2Across virtually all industries.
Speaker 1Let me share five reasons why AI will ultimately create more jobs than it eliminates, contrary to what Bill Gates believes, what the other doomers believe.
Okay, First, like I said, AI is general purpose technology, so unlike a specialized technology that only affects specific sectors, AI is transforming everything from healthcare to entertainment, education, to manufacturing, finance to agriculture.
General purpose technology historically creates more jobs than it eliminates by enabling all the new businesses, all the new business models, the products and services.
Speaker 2Across the entire economy.
Speaker 1Second, AI complements human skills in unique ways.
Now previous technology is primarily automated physical tasks.
Speaker 2AI automates cognive tasks.
Speaker 1But in a way that enhances human capabilities rather than fully replacing humans.
Skills like creativity, emotional intelligence, ethical judgment, and interpersonal communication remain difficult for AI to replicate.
Speaker 2The future is an AI or humans.
It's AI and humans working together.
Speaker 1This complementary relationship creates entirely new possibilities.
Speaker 2Third, massive global investment.
Speaker 1According to McKinsey research, AI spending grew to over five hundred and fifty billion in twenty twenty four.
That's half a trillion dollars invested into AI development, implementation, and integration.
Speaker 2But where does that money go.
Well, it goes into.
Speaker 1Hiring people, hiring engineers, hiring developers, hiring project managers, trainers, compliance specialists, and more.
Fourth, we'll see an unprecedented productivity growth.
Now, AI driven productivity gains are going to expand economic output at rates that we probably have never seen before.
Now, some positions may be eliminated, but increased productivity leads to lower prices, higher wages, and greater consumer spending that drives job creation in new areas.
Speaker 2Fifth, adaptability of the economy.
Speaker 1Now, each previous technological revolution faced concerns about mass unemployment.
Yet economy is consistently adapted.
New job categories emerged, workers developed new skills and human labor found new applications that complemented the technology.
The pattern is clear across this quantum.
Speaker 2Lea waves that we've looked at.
There's no reason to believe that this time is different.
Speaker 1In fact, the evidence suggests that AI will create jobs even faster than previous technologies did.
Now, let me reveal the one skill that will make you invaluable in the AI economy.
It's AI Human interface expertise.
Basically being a human the ability to effectively collaborate with direct and complement AI systems.
Now, this isn't just about technological knowledge.
It's about understanding where human judgment, human creativity, emotional intelligence can add value that the AA cannot replicate.
It's about becoming the bridge between AI capabilities and human needs.
This is why I believe that AI will never replace me, at least completely.
Okay, so how do you develop these invaluable skills?
Well, here's your action plan.
First, develop AI complementary skills.
Speaker 2Focus on skills that AI.
Speaker 1Can't easily replicate or that work alongside AI, like creativity, innovation, emotional intelligence and interpersonal communication, critical thinking and complex problem solving, ethical judgment decision making, AI literacy, so you can understand how to work with AI tools.
Second, stay adaptable, embrace continuous learning.
The most successful people in the AI era will be those who can continually adapt to changing technology, make learning a daily habit, take online courses.
Speaker 2Join communities, experiment with new tools.
Speaker 1Look for opportunities in the five high growth AI sectors.
Speaker 2I mentioned them before.
Speaker 1These five industries are healthcare, education, creative industries, financial services, and transportational logistics.
Fourth, consider entrepreneur opportunities.
The biggest winners in quantum leap waves are often entrepreneurs who create new products and services, So look for problems that AI can help solve or ways to implement AI in existing industries.
And finally, fifth, position your investments.
Just as we've discussed with bitcoin and other transformative technologies, early investors in AI stand to gain significantly, so you want to look for companies that are developing AI infrastructure applications complementary technologies.
Remember, as I say, the game is rigged.
The wealthy understand how to play the game to their advantage, and when it comes to AI, the game will be won by those who embrace this technology and find ways to leverage it, not those who fear it.
Speaker 2And try to resist it.
Speaker 1Now, the further ahead you can see, the faster you can go, and now you can see exactly what's coming, the biggest job.
Speaker 2Creation boom in human history.
So let's wrap this up.
Speaker 1I've shown you why Bill Gates is wrong, how every quantum leap wave creates more jobs, the five economic mechanisms that drive technology and job creation, the five industries where AI will create millions, and the one invaluable.
Speaker 2Skill to make you AI proof.
Speaker 1History doesn't repeat, but it rhymes, and the rhythm of technological progress across quantum leap waves has always been the same, short term disruption followed by long term job creation and prosperity.
Speaker 2This time is not going to be any different.
Speaker 1In fact, the AI revolution will create more opportunities, more wealth, and more jobs than any technological shift we've ever seen.
The question isn't whether AI will take your job, it's whether you'll be ready to seize the new opportunities it creates.
And it's also changed the entire financial markets and creating what I call the investing black hole.
Speaker 2Click here if you.
Speaker 1Want to learn how to pivot your investments to get ahead in this new age, and hit that like button if you liked this video, suscribe if you haven't already subscribed.
And that's what I got to your success.
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