General statistics
List of Youtube channels
Youtube commenter search
Distinguished comments
About
BrickTop
MHFIN
comments
Comments by "BrickTop" (@bricktop7803) on "Indeed.com Shocking Report: 70% Collapse In Jobs" video.
There is no mention of the elephant in the room. The job market will have to re-align itself to new working conditions. What I mean by that is there will be mass unemployment and very few jobs created when AI fully integrates into the workstream. Not many people can grasp how many people will lose their jobs due to AI. In IT, as we see - the Dev jobs are lost to AI. The ones making money NOW are the IT professionals integrating AI into the workplace. Once they have the system working, they will be redundant. All these low tech call centre jobs will go. It is the perfect place for AI to reside. Any middle management in ANY sector will lose their jobs to AI. The US economy is a service sector economy and THAT will be hit hardest by AI integration. Many cannot imagine how bad this will get for the hardworking office manager\worker. If you are currently employed in the US Banking Sector, they will shed 80% of their branches and people over the next 2 years. We saw that in Europe post 2008. The US banking sector went back to old practices and did not rationalise like the Europeans. Our town of 5000 people had 4 bank branches in 2008, all closed and buildings sold by 2010. If you are in the US banking sector, better start prepping now It is going to get ugly in the next 2 years. There will be NO BAILOUTS by the FED like SVB or First Republic. These small and medium banks will be allowed to fail. Do not think your guaranteed$250K will be refunded by FDIC funds. Once the allocated funds have run out, the Govt will halt all guaranteed securities, you will get ZIP.
6