its not nearly as true as you think. it probably solves the simplest of jobs, thats about it.
In its current state, but again, that would just simply be head in the sand, ignore the past evolution of technology we dismissed. The difference is in the past we dismissed without consideration for job creation. AI proves to be different in combination with where robotics are headed in the next 50 years, we are not seeing new creation, its automating itself.
Again, in its current state, its poor, needs significant QC or more human direction and correction than its worth. But that is now and were talking our child and grandchildren's future.
And on the other-hand you have significant outsourcing that is also going to obliterate future prospects. Finance, Accounting & Assurance, Insurance, IT, etc. it's all being outsourced. That's been happening in the past decade, but quietly. I can recall the Big 4 slowly starting to use India and the Philippines back in 2015 and now its blatant. Shut down Western offices and re-invest in India. They just announce it outright. The issue then becomes, how does a new university grad get experience. Yes there;s still positions, and smaller and mid-size that have not outsourced level 1s and 2s but there's significantly less positions now than new entrants. New graduates have the highest unemployment rate in decades. And if they can find something, they will probably be half useless by the time they hit management with many of their fundamental tasks being outsourced.
Future employment is in a real poor space in my opinion and short sightedness on this I think is going to have some big ramifications that will only exacerbate the already out of control wealth gap.
This post was edited by SBD on Jun 2 2026 07:52am