I think the next big lay offs will be car dealers. Dealerships are incredibly expensive to run and Tesla and some Chinese companies are already running with no dealerships since people just order their cars online all they need is a servicing department no sales people, no giant forecourt or showrooms. Many car companies are struggling to make affordable cars and this is one of the only ways they can cut back costs, with the rise of electrics cars that have minimal maintaince requirements like an ICE car I can also mechanics losing business too and having to shrink down.
Oh man I completely agree with you. I’ve never gone into a car dealer to buy a car or even to look at one. I’ve heard so many stories and seen other videos about how the salespeople want to pressure you into a sale and get you into a vehicle you can’t really afford. The whole thing just sounds awful. Not to mention that any car from a dealership is easily 20% plus more expensive than buying from a private party- and likely even more. I understand they are just trying to run a business and make money- but it truly does not make sense to buy a new car from a dealer…as soon as you drive it off the lot the car loses 20-30% of what you just paid. You should really only buy a new car if you are wealthy and you value having a brand new car more than you value your money. Other than that- there are SO many substitute options available on Facebook or offer up or Craigslist where you can buy a completely reliable vehicle for a significant amount less than at the dealer. I am convinced that I could find anyone in the US a decent car for anywhere between $2,000 -$5,000. It may not have all the modern amenities- but it will absolutely get you from A to B reliably.
@@JoshPiper I'm in the UK so things are a little different here sales people are nowhere near as pushy here because people don't tolerate it, its a more authentic experience here. I got my 2016 Toyota Auris for £9500 from a Toyota dealer it had 40k miles at 2.5 years old and it was one of the cheaper deals I found on Autotrader. I timed the buy perfectly as it was March which is when all the new registered cars come in, every March and September the new registration plates change, they has also just released the new Corolla which replaced the car I was buying so they wanted it gone as soon as they could hence the price was low. I said I would buy it unless they fixed some bodywork damage on the car and they did, it was a painless experience. Buying a brand new car is a fools game. The car I bought when new was £22k yet I got it for £9500 with 90% of its useable life left in it if not more.
@@JoshPiper Yep in the 5.5 years I've now had it the car has only lost around £2500 in value. Its cost me £500 a year in deprication. Thats nothing in todays world and it has cost zero in repairs of course. I know you did something Similiar with the Accord you bought.
@gravemind6536 yep- the accord I got for probably around 50% off at the time. It only had 18k miles and was 2 years old when I bought it. 7 years later it still is worth close to what I paid for it with close to 75k miles now.
I’ve had to use the market rate argument a few times when getting promoted. It helps to know what you’re worth. A few people I know asked for an adjustment, it was denied or never acted on and took on new roles at other companies. Sucks but sometimes you have no other choices.
Yeah- in many cases larger companies will actually end up paying new employees or people with little to no experience more than someone who has been there for years. They are forced to pay someone who is not already with the company the market rate- whereas they try to get away with paying current employees an artificially low salary- and never truly adjusting the pay upwards to match whatever the current market rate is. Of course- in life you get what you negotiate- but some of their policies are so strict and does not allow for paying current employees a certain amount - even when they are offered a “promotion”. So- this results in the employee having to change jobs or employers every few years in order to get paid what the market value is for their occupation/job function.
I work as an engineer for a data science and advanced mathematics division at a reasonably large financial institution. AI is 100% replacing people. Primarily low skill, repetitious jobs right now however it is growing in complexity rapidly. I could see this potentially replacing most entry-level jobs in the next 30 years.
I’m 36 but can’t help but think I still need to learn a specialized skill or trade. I’m in a good spot at my 9-5 but that could change real quick if there’s a bad downturn in the economy. I’m in good health and shape, I wonder if learning a trade would be feasible to avoid being automated out of a job.
@@DC-wo2ybI have a friend in his last semester of nursing school to become an RN, he’s an LPN now. The classes stress him out but he knows that the credentials will open up doors for him. It’s definitely a field that will be in demand for years to come.
I mention you sometimes in my videos Josh I'm kind of a fan when I mention you I'm like and now a message from the board of poverty and usually it's one of your video clips lol
Oh right on that is cool. Yeah- i just think things are pretty stacked against most people today. Even if you did everything society told you to do you will likely not have a great outcome. Gone are the days of expecting a traditional outcome. Many young people are priced out of home ownership and starting families and have to continuously search for better opportunities just to keep from drowning. It’s still possible to get ahead and have a good outcome- but it will require a hell of a lot more creativity than it did in previous generations.
