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DrScopeify
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Comments by "DrScopeify" (@drscopeify) on "What the Fed's dot plot reveals about future rate hikes" video.
The US workforce is shrinking from 67% in 2000 to 64% in 2010 and down to 62% today and predicted to go below 60% in coming years, and with aging baby boomers who tend to do allot of work load meaning they do more work than what 1 younger person can do are going to be leaving the workforce by the millions in the coming years and so a ton of positions will go unfilled. In Germany the workforce participation is at 80% for comparison. I think AI might be able to fill the gap and save the higher end sectors but its hard to know for sure. AI has many many issues it repeats itself it comes to the same answers , so it is still has a long way to go to develop. What more is that the demand for work is mainly in physical jobs that AI can do nothing about such as Plumbers, Electricians, Machinists, shipyard workers, Military, Health Care workers like Nurses maybe just maybe truck drivers and Pilots can be automated but I have a hard time seeing that, Tesla promised self driving cars like 10 years ago and so far I am not seeing them on the road so this may take a lot longer than people imagine.
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