AI and The Future of Jobs - with author Darrell West

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.7 • 3.6K Ratings

🗓️ 19 November 2018

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

#162: How will artificial intelligence, AI, impact jobs? Former Harvard president and leading economist Larry Summers predicts that one-third of men will be out of work by 2050. Finance guru Suze Orman says not to be surprised if we see 25 percent unemployment by 2030. And major research institutions predict anywhere from 14 percent to 50 percent unemployment. But could this really be possible? Or is everyone panicking about what will essentially be a shift in the types of jobs that people hold — reminiscent of our shift from farm to factory, and from factory to office — but not an actual net job loss? To answer these questions, we talk to Darrell West, author of The Future of Work, about artificial intelligence, robots, and the future of jobs. For more information, visit the full show notes at https://affordanything.com/episode162 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	You can afford anything, but you can't afford everything.
0:11.4	And that doesn't just apply to your money, it applies to your time, to your focus, to
0:15.2	your energy, to your attention to the things that you're interested in.
0:19.2	It applies to anything in your life for which you have limited resources.
0:23.9	And so the question becomes, what matters most?
0:27.9	Because saying yes to one thing implicitly means that you're saying no to something else.
0:33.5	There's an opportunity cost, a trade-off with everything.
0:37.2	What matters most and how do you align your actions to reflect that?
0:41.5	Answering those two questions is what this show is all about.
0:44.7	My name is Paula Pan.
0:45.7	I'm the host of the Afford Anything Podcast.
0:48.0	Today's episode is a look at AI, artificial intelligence,
0:53.3	and the future of jobs.
0:56.1	Now my curiosity about this was peaked when Susie Orman made a rather bold prediction.
1:04.3	And here's what the fire people you are not thinking about.
1:07.8	So I'm going to give it to you straight here now.
1:10.9	Artificial intelligence is coming in big time.
1:13.6	Do not be surprised if by the year 2030 there is a 25% unemployment rate.
1:19.6	Those are rather dramatic numbers.
1:22.4	And upon hearing something so bold, so dramatic,
1:26.3	it would be very easy to dismiss that.
1:29.0	There is a natural human bias to believe that a future will be similar to the past.
	...

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