The AI Revolution: Will Robots Take Your Job? 

So, about thirty years ago I asked the question (at a Business Round Table meeting)...'How does the economy function without a wage earning workforce?' Robots and AI don't earn wages. Robots and AI don't buy goods and services. Robots and AI don't contribute to 401ks (which fuel a significant amount of the investment industry.) Robots and AI don't buy homes or rent apartments. Robots and AI don't buy cars and trucks. Robots and AI don't buy medical services. Robots and AI don't need insurance. Robots and AI don't buy education services. And Robots and AI don't pay taxes since they're not wage earners. So, when Robots and AI replace wage earning and tax paying workers how will the economy function? Where will money come from? Will businesses be forced to share their income and profits with the populace? And since the marketplace's buying power will be lessened, how will income and profits be generated? A lot to think about. How does a natural economy function with an unnatural workforce?

Remember they can't take your job if you don't have one

My job is already being replaced and I don't know what to do other than to fall into despair. I'm a fully qualified translator and the volume of work that I've been getting this year has been slashed by more than 60%. I can't even begin to fathom how my industry will be like 12 months from now. 😢

Also to everyone that is upset, youre not wrong in feeling so youve done everything right and got screwed, nothing youve done couldve changed that. I understand this guys tough love, i come from a family of military members, its a “eat shit and get back up” mentality. Its important to be strong minded and be resilient. It is also important to know that you are human and you should be upset if you feel you are wronged, dont be a robot. Everything will be okay if you want it to but it wont if you give up now. This is just a reality check, just dont go numb, because in doing that, you still lose. Good luck and stay safe!

I wanna see AI take jobs from Only Fans.

How many of these reports were generated by AI?

My wife is an Elementary School Teacher. The reason most teachers are safe from automation is because it is difficult to keep many students on task and she has to deal with many behavioral issues in the classroom. Sometimes she is just babysitting them, not all students are like this but some are. I don’t see a robot or a computer being able to tell a child to stay in their seat unless it’s the terminator robot (that is a joke btw).

I feel like I saw the writing on wall, and used covid lockdowns to skill up. I had a bachelors in commerce specialising in marketing and management, and researched the next in demand skills that would complement my existing degree, and I'm happy to say I am 1 subject away from completing my masters in data science and analytics. Almost 40 and only in the last 2 years have I started writing code and scripts and was able to use my new skills to side step in my career and remain relevant while leveraging my past experience in projects. However in Australia we are lucky, our education is set up with HECS, and entitles every citizen an education so long as you can maintain your grades. Investing in yourself is the best thing you can ever do. ✌️😎

The greater the degree someone made themselves a robot, the greater the likelihood a robot will replace that person.

First it’s your job. Then it’ll be your clothes, your boots, and your motorcycle.

Patrick you sir are one of the best content creators ever. Keep up the good work. Been watching you for ages. Heaps of value: thank you

I just wanted asked whole people who promote this AI. Digital biometric face recognition locks have been around for quite some time, yet we're still relying on traditional keys and locks. Similarly, there's a plethora of cutting-edge machines designed to slice and dice fruits and vegetables efficiently, but many of us still resort to using regular knives. Technological adoption doesn't happen overnight; it often takes decades. Just like how trends come and go, the panic around AI will eventually fade away, much like the concerns around the coronavirus pandemic." AI is just tool. It not going to replace us that much easily man. They just give the out put based on the things we have fed man.

Plumber and electrician stock is going up 📈📈

I remember whe social media first came out FB etc, everybody said this is the greatest thing and jumped on board. 2024 social media is one of the worst things for society especialy for young people. AI will be next worst things.

Computer systems analyst? Im pretty sure this will be automated as well. In the previous company I worked for they replaced all the level 1 techs and created a robot that can do basic troubleshooting and escalate to a Level2 tech if nothing works. IMO these type of self service/robots will only get better with time to the point they'll eventually replace most of those type of jobs

I work for one big four bank in Australia and here Ai has been delivered and can do all admin work

Bicycle mechanics will make big bucks in the next decade 🤞

You have a beautiful way with words Patrick

I really like your way of thinking and philosophy towards this. Not pessimistic and not toxic or close minded.

People are giving up their data for FREE to train these machines that will replace them.

Before even watching this I’m going guess the people who sweat for a living are safe, the people who sit behind a desk are screwed

This is absolutely inspiring. Thanks Pat.

Markets that are about people’s needs, will never go away. We all need a house, food and leisure. Housing (real estate agent / rent / sell or specifics like plumber, electrician , flooring) is where I’m active in right now

Truckers were told they were gonna get replaced first. Truckers are gonna have the last laugh when they are some of the last to get replaced by AI. As an hvacr tec im not worried.

Teachers on the grade school level can’t be replaced. Kids near guidance that AI can’t provide

OUTSTANDING Video!

Awesome video, so much learning in it🙌💯. Cheers Pat!

Japan has been ahead if the game for years now and most of the robots are used in the hospitality industry: fast food, dining, hotels, etc.

Crispy, clear, on point 👍

It’s about experience. You could be an introvert, extrovert but humans want to experience things with another human. It could be a celebration, an appreciation, a sad moment, a moment where they exist and this cannot be attained by AI…. Yet There will come a time where machines with Ai will show empathy, emotions and trick you to believe you are having an experience with a person but until then, seek the jobs and moments that will give others an experience. That will make you money, those events will

Podcaster/grifters/influencers should be on the top of the list

Big corporations are aiming to replace as many employees as possible. The goal has always been more profit.

I teach high school. Some kids can definitely use AI/videos to learn and excel but if I'm using the kids I teach as a reference, none of those kids are going to sit in front a screen and "learn".

Thank you.

Always think I'm gonna come back to the video later. Then I watch the intro and I'm hooked I have to watch it now.

Good thing I'm switching into controls systems after doing maintenence or building engineering work. Going from maintaining the mechanical equipment in Amazon to fixing the electrical and software issues on their AI equipment.

Best I’ve watched. Subscribed. 💯

thx pat for heads up , respect n appreciation from a Persian student of urs ❤🤍💚

1. Constant learning and improvement 2. Soft skills 3.Be Agile & Nimble 4.Anticipate

Chat GPT already replacing jobs and API’s are nothing compared to what the future has to come!

A.I will replace admin jobs and jobs where talents can be synthesized. But manual labour will be the hardest jobs to replace because of far too many factors a.i can't be programmed for. But, we could all be wrong about this too, since we don't know the future. However it could be highly unlikely some of us get replaced. Costs etc must make sense too.

Good take brother

When the tractors and machines came it weren’t a big need for horses and riders. But it was okay. Due to the more productivity there were need for people to load and unload, do accounting, some drove the tractor, some went into repairs. This replaces the horse , the tractor, the driver, the loaders, the accountant, the shopkeeper, and soon the repairmen. That’s okay you think, the worker will just go into town and find a new job. When he is there he notices that machines are making burgers, the receptionist at the hotel is artificial, the bank teller is a screen, the taxis drives themselves. This is a different beast. We are outsourcing the only thing that makes most of us valueable in modern society- intelligence

People often think that an robot/AI can't do their job as it is now. In many cases this is true and would remain so for sometime, but the problem is that the powers that be will simply change the way things are done in order to accommodate the technology and maximise profits. People may not like a restaurant with service robots, but what if there aren't any restaurants served by humans?

I now identify as a robot. My job is safe

Well said!

my job is mostly safe from everything beside harness the energy in storage. I'm talking about high mega-watts to tera-watts storage. Seen the writing on the wall 9 years ago that I need to figure something else out. Thinking under the term of Moore's Law.

I think your application of market principles to life in general takes something away from what it means to be human. Youre a businessman and thats what you know. Life more than looking at a spreadsheet.

Man PBD spitting some hard facts

id love to watch a self driving truck back a 53 foot trailer into a dock designed for 40 foot trailers in 1958.if it makes it on the first try, id be impressed, no lies.it can be tricky with the overhang behind trailer wheels.

As a teacher I think AI will replace my job soon. It already replaced one of my online jobs. I was an online English teacher, and most of my students switched to an AI app that taught English, as it was cheaper and they could play video games on the app. How am I meant to compete against that?

They can always be a better understanding!

If AI taking our jobs I am so happy because right now I am jobless and my friends also will be jobless then there is no comparison nothing to worry about❤

Hurts people with learning disabilities the most

Thanks Patrick, much love from Nigeria

Teachers are the first ones that should go. I am a teacher and 70% of my colleagues aren’t worth a shit.

"AI will probably most likely lead to the end of the world but in the meantime there will be great companies." ~Sam Altman, CEO of OpenAI

As someone who works in Ai (heavily), I can say that Ai will replace easily half or more of all jobs within 10 or 15 years (especially as Ai robots improve rapidly)..its not just white collar jobs, it will be lots of blue collar too. Anyone who thinks that an AGI highly-intelligent machine cant replace HR or attorneys, etc, is insanely wrong. Humans will still have 'work', but it will be very different after we have AGI. Humans would likely need to serve Ai in various ways, which I do not like. Elon Musk is right when he says that we will need a universal income...and as a capitalist I do hate that. The 'fix' is to make laws now that ensure that humans can keep working, even when Ai is faster and smarter. I hope that some people read this and trust what this random guy on the internet says, its true...I don't like it, but its true. Just because I work in this field now doesnt mean I can fix things on my own.

You know, while reports like the ones from the World Economic Forum (WEF) or other research outfits give us some good insights into what jobs might be in demand down the road, they're not always spot-on. The thing is, the job market moves at lightning speed these days. With technology changing so fast and global shifts happening all the time, what's hot one day might be old news the next. So, instead of just relying on these static reports, it's important for everyone involved - from policymakers to businesses to individuals - to stay nimble. That means keeping an eye on real-time data, staying updated on market trends, and always being ready to learn new skills. By staying flexible and thinking on our feet, we can better prepare for whatever twists and turns the job market throws our way. Plus, it's not just about individuals. We need everyone - government, industry, and schools - to work together on this. That way, we can create training programs that actually match what the job market needs, help people transition between careers, and foster an environment where innovation thrives. If we all chip in and stay adaptable, we'll be in much better shape to handle whatever comes our way - even as we head towards 2030 and beyond.

If this really happens, then it could destroy the US, as we are a consumer spending nation. If massive amounts of people lose their jobs, then they can't buy the unnecessary shit we Americans love. Businesses will go under, people won't be able to afford their homes or apartments, food, leisure spending, etc. I'm curious to see how this plays out.

Read "Player Piano". Written in 1952. By Kurt Vonnegut Jnr. About a world where Engineers run the world and machines do all the work.

I like how the robot in the picture reminds me of the one from Love, Death, and Robots.

Awesome video!

Eventually (or maybe sooner) it's just gonna be like that scene in Star Wars episode 2 in the Droid factory when C-3PO says "Machines making machines, oh how perverse."

AI can replace Pat's employees, he'd love them, can work for him 24/7

I do gig work while building a high income dividend portfolio. Then I'll move some place cheaper and live easy. My favorite dividend pick is SPYI.

I am always learning.

I see ! It's good thing! Because everytime I went to ask for a job they ! Never give any! In talking about when I was younger!

Haven't worked in over 40 years 😂 Nobody taking my job, I'm 60 this year. Retired after leaving secondary school.

Thank you 👍

Good talk

Yuval Harai's had a few speeches predicting that the future is not human.

A really constructive perspective beyond the typical fear-mongering. With every change there will be winners and losers. People with ambition, flexibility and the willingness to learn will be with the winners.

great interview....Now I want to see Rogan interview Spielberg

Staying ahead of the curve

If AI replaced every job then the economy would collapse because there would be very little money coming in.

Becoming a teacher is.. or was a great job once. Not best pay but used to be a motivated and giving job with fullfillment and meaning. Now you get disrespected, insulted, physically abused & thretned etc. by pupils and students AND have the joy of having to battle ill-mannered parents who supports there kids bad behavement and blames all on evreyone else. OR you are a newly grafuated teacher with a fresh degree and a big heart to do your job....just to get met with school officials and principles who bash you for not having "enough work experience yet" = The common 101 problem, how is someone supposted to get experience if having a proper work-education is not enough to land you a job in your field to grow in? That is how profession experience work. It just does not compute logic at all.

Wait I'm qualified as both a Sales Person and Business Development. They are pretty similar roles with similar pay at least in my area (depending on vertical/industry). So not sure why Sales is in Danger but not BD.

Hey PBD,thank you for the useful and detailed info. I am an immigrant and living in the UK . I am in my early twenties.I wanted to be an entrepreneur. I am currently working 60+ as driver per week.as far as I concerned, I am good at problem solving,handling pressure and working with others. Finance, business Administration…. I wonder if you can drop me some advice,what career paths to pursue to start with or gain experience and the required knowledge? Thank you

Wow even the best talking robot cannot replace you

What about the field of cyber security?

Lol prompt engineer, I’m dead

Robotic Engineering Mechanic is now enrolling this spring.

Near future the Terminator: I need your room, cloth and your job

It’s alarming how many people are using the UBI cope. Why would the most powerful people In the world want to take care of an underling class that doesn’t produce anything of valve? They won’t. It’s scary no one thinks about the repercussions of this stuff..

Great vid

Teaching is the FIRST thing AI replaces, it’s flawless at it. It can teach a subject to you in a million different ways that’s tailored to you. You have in your pocket, the best teacher to ever exist. Basically every vocation they listed that’s safe are the first to go actually. Crazy

*Thanks for continuing updates 👍🏻 I'd rather trade the stock market as it's more profitable 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (Oscar), Now I'm no longer in debt after lI invested $8,000 and got my payout of $120,500 every months,God bless Angela Christine Derle* 🇺🇸🇺🇸🇺🇸..

As much as I agree that A.I. will take over and is a serious threat to the future workforce, if it becomes too dominant I also believe that the government will step in to regulate it to help people keep their jobs.

1 thing i didnt see is the rise in technical mechanical and trade jobs. Which will be needed to maintain the A.I, robotics, and infrastructure that A.I will be using.

Diverse Top also talked about some of these jobs

Love the weekly Barnes & Noble habit! 😂

Im an electrician when tradesmen say they can't be replaced I laugh look how much has changed in last 8 years hell last 4 years you and I know it only takes 4 years to get a journeyman license. Now if you think 90 million people loosing their job is not going to effect you trades could get flooded with they probably will as people will think construction is safe from ai and robot's. It would not surprise me if they tore down EVERY THING and then ai and robot's could take all trades out they have the money and it will eventually pay for itself and if you think I'm crazy would you think this would be our reality in 2024 as much evil in the world nothing surprises me amy more look how atrocious AI is with bias

First time to watch. Nice one

Yes

I'm a nursing student. There's always gonna be old people in nursing homes

No jobs,no money,no customers. 😂😂😂😂😂😂😂

I wish they included links to the reports they are mentioning

Here a few things that should be considered when talking about this topic. I know that you want this video to be positive, inspirering and motivating but you miss out many important things regarding this topic. So first, regarding the home office topic, It is mentioned pretty often by media and big companies like google and meta use it as excuse to fire people, but of course that's not the real reason. I can tell you from my own company and many other companies I work with, that we have over 90% of people in home office right now, from 50% to 100% of the time. With that we changed our offices to way smaller ones and save millions of $ annually. So if you say that people should not work in home office, that would actually increase the costs many fold. The other important point is that AI and robotics are not disruptive technologies like we had before, where some jobs are replaced while at the same time many other new jobs are created. New jobs will be created that will replace many other jobs. For example we will have accountant AI manager who will replace all accountant jobs of a company. But there will also be the jobs that will be replaced 100% because people without any expertice can use the AI to solve problems and complete this jobs. Without going into too much details here, what would be the outcome if we don't talk about it and don't create a new form of income. At this point I don't know if the economy wouls actually survive that. With the reduction of jobs, the wealth will be spread to fewer people, lets say 50% of the poeple will have jobs in 10 to 15 years. That also means that the wealth will spread to fewer companies. 50% of people without jobs will become something like third rate humans, lesser humans. We will get a split sociaty. That usually leads to wars and civil wars. We have to talk about this problems and find a solution for this.

Will Cloud Accounting, (Quickbooks, Xero, Wave etc.) be replaced as well?