June 20, 2025 • 24 mins
Bill Gates is flat-out wrong about AI destroying your job. In fact, the data shows AI will create TWICE as many jobs as it eliminates and I can prove it. What if I told you that we're currently in the sixth wave of a technological revolution I've tracked for years in my Quantum Leap Waves framework? Each of these waves follows the exact same pattern, and AI is no exception. After studying 250 years of technological disruption and accurately predicting multiple market shifts, I've uncovered something shocking about AI's impact on jobs that the billionaires don't want you to know. I'll reveal the five specific industries where AI will create unprecedented wealth opportunities, plus the one skill that will make you invaluable in the AI economy.
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Bill Gates is flat out wrong about AI destroying your job.
In fact, the data shows AI will create twice as
many jobs.
Speaker 2 (00:07):
As it eliminates, and I can prove it.
Speaker 1 (00:09):
What 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 2 (00:16):
Each of these.
Speaker 1 (00:16):
Waves 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 2 (00:26):
Market shifts, I've uncovered something.
Speaker 1 (00:28):
Shocking 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 2 (00:44):
So let's go, Autificial intelligence could replace a quoted a
three hundred million from time jobs. Feel of AI taking
over human jobs?
Speaker 1 (00:53):
You know, a great doctor, a great teacher, and with
AI over the next decade, that will become.
Speaker 2 (01:01):
Free common places. All right?
Speaker 1 (01:03):
So 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
(01:24):
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 2 (01:45):
Course, for those who understand them.
Speaker 1 (01:46):
Now, 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,
(02:10):
followed by massive job creation and economic expansion.
Speaker 2 (02:13):
And this isn't theory.
Speaker 1 (02:15):
It's a documented historical pattern that repeats with remarkable consistency.
Speaker 2 (02:19):
So for those who don't know me, just real quick.
Speaker 1 (02:22):
Now, 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
(02:43):
all of our financial futures. And I've been implementing AI
in my own businesses and I've seen firsthand how it.
Speaker 2 (02:48):
Creates more opportunities than it eliminates.
Speaker 1 (02:51):
But 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
(03:11):
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 2 (03:21):
This analysis is going to change the way.
Speaker 1 (03:23):
You 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.
(03:45):
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 2 (04:00):
This is coming from the man who co founded Microsoft.
Speaker 1 (04:02):
He'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
(04:27):
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
(04:47):
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 2 (05:00):
And here's what Gates seemed to be missing.
Speaker 1 (05:02):
While each wave does initially display some jobs, it consistently
creates far more new opportunities than it eliminates.
Speaker 2 (05:10):
Let me show you the evidence.
Speaker 1 (05:11):
Let'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 2 (05:30):
Now did it eliminate jobs? Yeah?
Speaker 1 (05:32):
Absolutely, Traditional crafts people were crushed. Around eight percent of
Britain's population worked in what was called spinning in seventeen seventy.
Speaker 2 (05:41):
When the spinning jenny and the.
Speaker 1 (05:44):
Water 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,
(06:08):
coal miners as the energy man went up Clerks and
managers to.
Speaker 2 (06:13):
Run these growing businesses. The numbers don't lie here.
Speaker 1 (06:15):
Manchester 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 2 (06:33):
Workers under one roof as Michigan plant.
Speaker 1 (06:35):
If 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
(06:57):
drawn transportation, workers, traditional craftsmen, manual labors.
Speaker 2 (07:02):
They all faced massive challenges. But let's look at the results. Entirely.
Speaker 1 (07:07):
New 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.
(07:30):
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,
(07:52):
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 2 (08:05):
What about all the buggy makers?
Speaker 1 (08:06):
When the cars were there, we saw craft manufacturing jobs,
traditional transportation roles.
Speaker 2 (08:11):
They did get automated.
Speaker 1 (08:13):
But 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
(08:35):
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 2 (08:47):
Some of those did get automated. But check this out,
But computers, robots, and arts.
Speaker 1 (08:52):
Officially, 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
(09:16):
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 2 (09:28):
And that's not a mistake. We're talking nineteen million new jobs.
Speaker 1 (09:33):
So 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
(09:55):
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
(10:16):
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,
(10:38):
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.
Second complementary effects a small business owner, are you varied
(11:01):
in all types of work keeping you from the real
thing that makes you money? Well that's where just Works
comes in. They're the all in one platform that supports
small business growth.
Speaker 2 (11:09):
You can get all.
Speaker 1 (11:10):
Their tools that help with benefits like payroll and HR
and compliance with transparent pricing. Now they help you hire
top talent internationally, internew markets, quickly scale international operations without
the workload, and forevery how do I do it?
Speaker 2 (11:25):
Question?
Speaker 1 (11:26):
You can reach out to their expert staff from sole
proprietor or.
Speaker 2 (11:29):
A team of twenty.
Speaker 1 (11:30):
Just works empowers all kinds of small businesses with real
human support. So visit justworks dot com slash podcast to
join the thousands of small businesses that trust Just Works
to take care of payroll, benefits, compliance, and more. Again
that's justworks dot com slash podcasts.
Speaker 2 (11:49):
This is the key.
Speaker 1 (11:50):
Insight 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
(12:12):
routine work.
Speaker 2 (12:13):
Think of it this way.
Speaker 1 (12:14):
The 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 2 (12:28):
Now. This is the big one.
Speaker 1 (12:29):
Each 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.
(12:51):
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
(13:12):
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
(13:33):
Donardo shows that technological change has consistently increased demand for
skilled workers.
Speaker 2 (13:39):
Now.
Speaker 1 (13:39):
Together, these five mechanisms explain why every quantum lead wave
in history has been.
Speaker 2 (13:45):
A net job creator.
Speaker 1 (13:47):
But as AI truly comparable to past technologies, some say
it's more disruptive.
Speaker 2 (13:52):
Well, let's look at the evidence.
Speaker 1 (13:54):
Let'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
(14:16):
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
(14:38):
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
(15:01):
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 2 (15:21):
We have AI trainers.
Speaker 1 (15:22):
These 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
(15:46):
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
(16:06):
we're seeing AA create new educational roles and personalized learning systems,
adaptive curriculum development, educational content creation, and AI.
Speaker 2 (16:15):
Enhanced teaching assistants.
Speaker 1 (16:16):
We'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,
(16:40):
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 2 (17:00):
Instead, he tripled his client.
Speaker 1 (17:03):
Base but only had to hire three more people because
of the AI systems and the ability to.
Speaker 2 (17:09):
Scale their clients.
Speaker 1 (17:10):
The 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 2 (17:22):
It doesn't. Now, this is the complementary effect in action.
Speaker 1 (17:25):
It'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.
(17:47):
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,
(18:10):
like computing, so it has applications.
Speaker 2 (18:13):
Across virtually all industries.
Speaker 1 (18:15):
Let 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
(18:39):
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 2 (18:48):
Across the entire economy.
Speaker 1 (18:50):
Second, AI complements human skills in unique ways. Now previous
technology is primarily automated physical tasks.
Speaker 2 (18:58):
AI automates cognive tasks.
Speaker 1 (19:00):
But 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 2 (19:13):
The future is an AI or humans. It's AI and
humans working together.
Speaker 1 (19:19):
This complementary relationship creates entirely new possibilities.
Speaker 2 (19:24):
Third, massive global investment.
Speaker 1 (19:27):
According 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 2 (19:38):
But where does that money go. Well, it goes into.
Speaker 1 (19:41):
Hiring 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
(20:03):
lower prices, higher wages, and greater consumer spending that drives
job creation in new areas.
Speaker 2 (20:10):
Fifth, adaptability of the economy.
Speaker 1 (20:13):
Now, 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 2 (20:31):
Lea waves that we've looked at. There's no reason to
believe that this time is different.
Speaker 1 (20:35):
In 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
(20:57):
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,
(21:21):
here's your action plan. First, develop AI complementary skills.
Speaker 2 (21:26):
Focus on skills that AI.
Speaker 1 (21:27):
Can'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
(21:50):
will be those who can continually adapt to changing technology,
make learning a daily habit, take online courses.
Speaker 2 (21:57):
Join communities, experiment with new tools.
Speaker 1 (22:00):
Look for opportunities in the five high growth AI sectors.
Speaker 2 (22:04):
I mentioned them before.
Speaker 1 (22:05):
These 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.
(22:27):
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
(22:49):
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 2 (22:57):
And try to resist it.
Speaker 1 (22:58):
Now, the further ahead you can see, the faster you
can go, and now you can see exactly what's coming,
the biggest job.
Speaker 2 (23:05):
Creation boom in human history. So let's wrap this up.
Speaker 1 (23:09):
I'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 2 (23:22):
Skill to make you AI proof.
Speaker 1 (23:24):
History 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 2 (23:35):
This time is not going to be any different.
Speaker 1 (23:37):
In 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 2 (23:57):
Click here if you.
Speaker 1 (23:57):
Want 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.
Speaker 2 (24:08):
M
Bill Gates is flat out wrong about AI destroying your job.
In fact, the data shows AI will create twice as
many jobs.
Speaker 2 (00:07):
As it eliminates, and I can prove it.
Speaker 1 (00:09):
What 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 2 (00:16):
Each of these.
Speaker 1 (00:16):
Waves 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 2 (00:26):
Market shifts, I've uncovered something.
Speaker 1 (00:28):
Shocking 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 2 (00:44):
So let's go, Autificial intelligence could replace a quoted a
three hundred million from time jobs. Feel of AI taking
over human jobs?
Speaker 1 (00:53):
You know, a great doctor, a great teacher, and with
AI over the next decade, that will become.
Speaker 2 (01:01):
Free common places. All right?
Speaker 1 (01:03):
So 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
(01:24):
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 2 (01:45):
Course, for those who understand them.
Speaker 1 (01:46):
Now, 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,
(02:10):
followed by massive job creation and economic expansion.
Speaker 2 (02:13):
And this isn't theory.
Speaker 1 (02:15):
It's a documented historical pattern that repeats with remarkable consistency.
Speaker 2 (02:19):
So for those who don't know me, just real quick.
Speaker 1 (02:22):
Now, 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
(02:43):
all of our financial futures. And I've been implementing AI
in my own businesses and I've seen firsthand how it.
Speaker 2 (02:48):
Creates more opportunities than it eliminates.
Speaker 1 (02:51):
But 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
(03:11):
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 2 (03:21):
This analysis is going to change the way.
Speaker 1 (03:23):
You 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.
(03:45):
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 2 (04:00):
This is coming from the man who co founded Microsoft.
Speaker 1 (04:02):
He'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
(04:27):
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
(04:47):
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 2 (05:00):
And here's what Gates seemed to be missing.
Speaker 1 (05:02):
While each wave does initially display some jobs, it consistently
creates far more new opportunities than it eliminates.
Speaker 2 (05:10):
Let me show you the evidence.
Speaker 1 (05:11):
Let'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 2 (05:30):
Now did it eliminate jobs? Yeah?
Speaker 1 (05:32):
Absolutely, Traditional crafts people were crushed. Around eight percent of
Britain's population worked in what was called spinning in seventeen seventy.
Speaker 2 (05:41):
When the spinning jenny and the.
Speaker 1 (05:44):
Water 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,
(06:08):
coal miners as the energy man went up Clerks and
managers to.
Speaker 2 (06:13):
Run these growing businesses. The numbers don't lie here.
Speaker 1 (06:15):
Manchester 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 2 (06:33):
Workers under one roof as Michigan plant.
Speaker 1 (06:35):
If 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
(06:57):
drawn transportation, workers, traditional craftsmen, manual labors.
Speaker 2 (07:02):
They all faced massive challenges. But let's look at the results. Entirely.
Speaker 1 (07:07):
New 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.
(07:30):
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,
(07:52):
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 2 (08:05):
What about all the buggy makers?
Speaker 1 (08:06):
When the cars were there, we saw craft manufacturing jobs,
traditional transportation roles.
Speaker 2 (08:11):
They did get automated.
Speaker 1 (08:13):
But 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
(08:35):
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 2 (08:47):
Some of those did get automated. But check this out,
But computers, robots, and arts.
Speaker 1 (08:52):
Officially, 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
(09:16):
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 2 (09:28):
And that's not a mistake. We're talking nineteen million new jobs.
Speaker 1 (09:33):
So 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
(09:55):
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
(10:16):
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,
(10:38):
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.
Second complementary effects a small business owner, are you varied
(11:01):
in all types of work keeping you from the real
thing that makes you money? Well that's where just Works
comes in. They're the all in one platform that supports
small business growth.
Speaker 2 (11:09):
You can get all.
Speaker 1 (11:10):
Their tools that help with benefits like payroll and HR
and compliance with transparent pricing. Now they help you hire
top talent internationally, internew markets, quickly scale international operations without
the workload, and forevery how do I do it?
Speaker 2 (11:25):
Question?
Speaker 1 (11:26):
You can reach out to their expert staff from sole
proprietor or.
Speaker 2 (11:29):
A team of twenty.
Speaker 1 (11:30):
Just works empowers all kinds of small businesses with real
human support. So visit justworks dot com slash podcast to
join the thousands of small businesses that trust Just Works
to take care of payroll, benefits, compliance, and more. Again
that's justworks dot com slash podcasts.
Speaker 2 (11:49):
This is the key.
Speaker 1 (11:50):
Insight 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
(12:12):
routine work.
Speaker 2 (12:13):
Think of it this way.
Speaker 1 (12:14):
The 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 2 (12:28):
Now. This is the big one.
Speaker 1 (12:29):
Each 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.
(12:51):
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
(13:12):
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
(13:33):
Donardo shows that technological change has consistently increased demand for
skilled workers.
Speaker 2 (13:39):
Now.
Speaker 1 (13:39):
Together, these five mechanisms explain why every quantum lead wave
in history has been.
Speaker 2 (13:45):
A net job creator.
Speaker 1 (13:47):
But as AI truly comparable to past technologies, some say
it's more disruptive.
Speaker 2 (13:52):
Well, let's look at the evidence.
Speaker 1 (13:54):
Let'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
(14:16):
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
(14:38):
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
(15:01):
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 2 (15:21):
We have AI trainers.
Speaker 1 (15:22):
These 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
(15:46):
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
(16:06):
we're seeing AA create new educational roles and personalized learning systems,
adaptive curriculum development, educational content creation, and AI.
Speaker 2 (16:15):
Enhanced teaching assistants.
Speaker 1 (16:16):
We'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,
(16:40):
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 2 (17:00):
Instead, he tripled his client.
Speaker 1 (17:03):
Base but only had to hire three more people because
of the AI systems and the ability to.
Speaker 2 (17:09):
Scale their clients.
Speaker 1 (17:10):
The 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 2 (17:22):
It doesn't. Now, this is the complementary effect in action.
Speaker 1 (17:25):
It'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.
(17:47):
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,
(18:10):
like computing, so it has applications.
Speaker 2 (18:13):
Across virtually all industries.
Speaker 1 (18:15):
Let 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
(18:39):
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 2 (18:48):
Across the entire economy.
Speaker 1 (18:50):
Second, AI complements human skills in unique ways. Now previous
technology is primarily automated physical tasks.
Speaker 2 (18:58):
AI automates cognive tasks.
Speaker 1 (19:00):
But 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 2 (19:13):
The future is an AI or humans. It's AI and
humans working together.
Speaker 1 (19:19):
This complementary relationship creates entirely new possibilities.
Speaker 2 (19:24):
Third, massive global investment.
Speaker 1 (19:27):
According 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 2 (19:38):
But where does that money go. Well, it goes into.
Speaker 1 (19:41):
Hiring 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
(20:03):
lower prices, higher wages, and greater consumer spending that drives
job creation in new areas.
Speaker 2 (20:10):
Fifth, adaptability of the economy.
Speaker 1 (20:13):
Now, 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 2 (20:31):
Lea waves that we've looked at. There's no reason to
believe that this time is different.
Speaker 1 (20:35):
In 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
(20:57):
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,
(21:21):
here's your action plan. First, develop AI complementary skills.
Speaker 2 (21:26):
Focus on skills that AI.
Speaker 1 (21:27):
Can'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
(21:50):
will be those who can continually adapt to changing technology,
make learning a daily habit, take online courses.
Speaker 2 (21:57):
Join communities, experiment with new tools.
Speaker 1 (22:00):
Look for opportunities in the five high growth AI sectors.
Speaker 2 (22:04):
I mentioned them before.
Speaker 1 (22:05):
These 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.
(22:27):
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
(22:49):
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 2 (22:57):
And try to resist it.
Speaker 1 (22:58):
Now, the further ahead you can see, the faster you
can go, and now you can see exactly what's coming,
the biggest job.
Speaker 2 (23:05):
Creation boom in human history. So let's wrap this up.
Speaker 1 (23:09):
I'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 2 (23:22):
Skill to make you AI proof.
Speaker 1 (23:24):
History 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 2 (23:35):
This time is not going to be any different.
Speaker 1 (23:37):
In 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 2 (23:57):
Click here if you.
Speaker 1 (23:57):
Want 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.
Speaker 2 (24:08):
M
Host
Mark Moss
Show Links
The Mark Moss ShowMark's WebsitePopular Podcasts
United States of Kennedy
United States of Kennedy is a podcast about our cultural fascination with the Kennedy dynasty. Every week, hosts Lyra Smith and George Civeris go into one aspect of the Kennedy story.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com