Technology always creates more jobs?

In 1820, 72% of the US workforce was employed in farm occupations; today, that number is less than 2%. Meanwhile, a Goldman Sachs study reveals that 60% of all job occupations today did not exist in 1940.

Many of today’s new jobs would have been unthinkable at the time: from computer coders to social media managers to telemarketers to Uber drivers; technology has historically always created more jobs than it has destroyed.

Paradoxically in the next AI-driven tech cycles, many of the previously new jobs will once again be replaced. These workers will find new jobs. But as tech cycles of job displacement and creation accelerate at a faster and faster pace, there will be less and less time to train new skills until eventually the workforce will no longer be able to adapt fast enough.

Those wishing to avoid the AI job training rat race should imagine businesses that cannot be replaced by new AI tech cycles.

For example, household robotic machines that make coffee have already existed for decades, but we still go to neighborhood coffee shops.

Home gyms have never replaced local gyms, and even alcoholics prefer to go to a bar than to drink alone.

...And on that subject, I am not offering business advice, but investing in alcohol is probably a really good bet right now. After all, in every historic crisis, alcohol consumption has unfortunately always gone up!