Is Ai Stealing Your Jobs And Causing Inflation?

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 18 September 2024

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is Ai stealing your jobs? Today we discuss how Ai is impacting the job market and inflation. We also highlight the states where people are having a lower percentage of struggle with household expenses compared to other states. We also share possible concerns about the potential negative impacts of universal basic income and the future of work. Join us today we talk about all of this and more!

Today we discuss...

Some states have lower percentages of adults struggling with household expenses compared to other states.
The states with fewer adults struggling are mostly liberal, while those with higher struggles are predominantly conservative.
Conservative states with high welfare dependency often criticize welfare systems despite benefiting from them.
The debate over Universal Basic Income (UBI) continues, with concerns about its potential to cause inflation and economic issues.
AI's impact on job markets is significant, affecting both creative and technical professions, and may lead to existential questions about purpose and employment.
Social Security, Medicare, and pensions are projected to face financial shortfalls in the coming decade.
Receiving steady, high pay without working can reduce stress but strain the labor economy, leading to higher job prices.
Employment data has been frequently restated, revealing that many jobs are part-time or in government sectors.
New regulations create more government jobs to enforce them, even though the original data was already accessible.
There is concern that AI's ability to predict the future might be limited to avoid impacts on markets and other areas.
Centralized platforms, like Google and social media, may manipulate information to shape opinions and influence outcomes.
Building personal AI models could help avoid manipulation by large corporations and governments.

For more information, visit the show notes at https://moneytreepodcast.com/ai-stealing-your-jobs

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

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Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.8	Stock market, wealth, personal finance, value stocks, invest in your life.
0:11.3	Hello, Smart Money Tree podcast listeners.
0:13.3	Welcome to the sweet show.
0:14.3	My name's Kirk Chisholm and I'll be your host.
0:16.1	So today I'm joined with my good friend Doug Hey, you're on.
0:18.5	Hey, Doug.
0:19.2	How you doing, Kirk?
0:20.3	Happy Monday. Happy Monday. It is another beautiful weekend. Seriously, I feel like I'm living in California. Every day's perfect here. Well, I thought it was because you have high taxes and lots of regulation. I wasn't sure where you're going with that. And mudslides and forest fires and bad politicians and homelessness. No, that's not us. We are definitely
0:40.3	not to be confused with California. Yeah, anyway. Watch where you're going with that comparison.
0:47.0	Well, I could make fun of California. And people say, well, because you're not a Democrat or whatever.
0:52.5	I'm like, well, I live in Massachusetts. So I'll thumb my nose at you.
0:55.3	And I live in Minnesota.
0:56.5	And literally the only difference between California and Minnesota right now is basically different initials in our name.
1:02.1	I mean, we even have a coastline.
1:03.4	We have a sea here.
1:04.7	Other than that, they want to be California in almost all capacity.
1:08.5	Well, Doug is just telling me.
1:09.6	I want you to tell the stat, Doug.
1:11.1	There's one reason why Minnesota and Massachusetts are much better than California
1:14.7	and just about 45 other states.
1:17.6	You want to talk about that for a second?
	...

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