The Jobs Episode: ‘Workquakes,’ Job Growth, & AI in a Post-Career World 6/02/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 2 June 2023

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The U.S. payrolls report for May blew past expectations, supported by strong jobs gains in the professional and business services sector — as well as a jump in government employment. Bruce Feiler, author of ‘The Search: Finding Meaningful Work in a Post-Career World’, discusses why Americans are unhappy with their careers and how more people are seeking meaning from their jobs. Geoff Lewis, founder and managing partner at Bedrock Capital, discusses the impact of A.I. on jobs and the moneymaking opportunities it offers investors. Plus, Meta is asking employees to come back to the office, and in DC, the debt deal is done, just in time. In this episode: Geoff Lewis, @GeoffLewisOrg Bruce Feiler, @BruceFeiler Kelly Evans, @KellyCNBC Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:02.6	Hi, I'm C. M. D.C. producer Cameron Costa.
0:07.6	Today on Squack-POD, what makes a career?
0:11.0	And is the concept dying out.
0:13.0	Author Bruce Filer explains our evolving workforce.
0:17.0	The problem is that we've had a kind of definition of success
0:20.0	that applied only to a certain kind of worker.
0:23.6	Today's worker is a little different,
0:26.0	switching jobs more frequently, expecting more from employers,
0:29.7	and of course, the ever divisive remote work.
0:32.8	I think I need to defend work from home for just a moment.
0:35.2	Oh my God.
0:36.2	It's a whole jobs episode with medas workers heading back to the office and
0:40.4	US employment numbers surprising Wall Street and complicating things for the Federal Reserve.
0:45.5	I think that's important, Joe, that the Fed is not getting the loosening of the labor market that it seeks.
0:50.6	Plus how AI is changing the jobs market with open AI board member and venture capitalist Jeff Lewis.
0:57.0	I don't think humans are going away. AI is a tool that is making humans more effective better at their jobs.
1:04.0	It's Friday, June 2nd, 2023.
1:07.0	Donut day.
1:08.0	Donut day.
1:09.0	Donut day.
1:10.0	And a delectable squawk pod begins right now.
	...

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