As Birth Rates Crash, AI Can Fill the Jobs Gap — and That’s Just the Start!

I wrote this last week Colleges are toast. What does this say about the future of the post-college labor market?

The number of annual American births peaked in 2007 and has been on a lower trend ever since. (See the abyssal chart below.)

In about two more years, the number of children graduating from high school will start to decline in trend as well, as unborn babies in 2008 miss the 2025 graduation stage.

at the end, majority The colleges will be confused.

The elite schools and the best public schools will have no problem filling seats. They can maintain registration by accepting additional candidates.

The schools a little further down the food chain are the ones who will find themselves fighting over a dwindling pool of less talented candidates.

Let’s continue this mental exercise.

If the number of students in the college is about to decrease, then also the number of potential graduates in the college has decreased in trend.

So … what does this say about the labor market around 2029?

A close-knit job market creates a perfect opportunity for technology

If you think the job market is tight right now, we can only imagine what it will look like when the potential new workforce shrinks every year.

But remember, necessity is the mother of invention. And a shortage of entry-level workers creates a fantastic opportunity for automation and artificial intelligence (AI).

We already see it and have only seen the tip of the iceberg.

Let’s think of some examples.

How automation and artificial intelligence remove the human element

I flew from Dallas to Peru last week. I bought the ticket online. I made my check-in online. I even uploaded my vaccination card to COVID-19 online, which allowed me to skip the queue at the airport.

Other than the TSA agents in security and the bartender who mixed my Negroni at the Admiral’s Club, I’ve never had contact with a human being.

If we use another example, I never carry cash. I could go months without a dollar in my wallet. All my financial transactions include credit card, automatic clearing house (ACH) or bank transfer.

This, combined with many trips, means that my credit card is marked for unusual activity at least once a month. No one is tracking my account, of course. Some algorithm specified an exceptional expense for my account and closed it as a contraceptive. no worries. I can unlock the account by going through an automatic process.

Again, I never had to deal with a human being. An AI-powered system marked my account, and an automated system also canceled it.

Now, all this is pretty low level stuff. Most of the functions I describe as being replaced by technology are not necessarily jobs that require an academic degree.

But the potential here is much greater.

The true future of artificial intelligence

And here my friend Adam Odell sees the greatest opportunities.

Sure, it’s great that artificial intelligence allows an analyst or two to do the work of a small army of clerks and telephones. But as the AI ​​gets stronger and stronger, it is able to perform much more complex tasks.

Monitoring credit cards or basic screenings at an airport is the Bush League.

Now companies are pouring a lot of money into 21Street The largest new industry of the century.

Dallas Mavericks owner and famed technology investor Mark Coban says artificial intelligence will be 10 times larger than the Internet.

Sure, we will see growth in the areas in which we experience the impact of AI in our daily lives. But Adam sees the greatest potential for investors in the sector he calls “x.AI.”

He believes this sector is set to grow twice as fast as any other artificial intelligence sector in the next decade.

And its No. 1 stock in this sector has a lot of potential for its early investors.

To learn more about why a person is so bullish on the mega-trend of artificial intelligence stocks, Click here to view his “x.AI” presentation now.

To ensure profits,

Charles Sizemore

Co-Editor, Green Zone Fortunes

Charles Sizemore Is the co – editor of Green Zone Fortunes And specializes in income and retirement issues. He is also a frequent guest on CNBC, Bloomberg and Fox Business.

As Birth Rates Crash, AI Can Fill the Jobs Gap — and That’s Just the Start! Source link As Birth Rates Crash, AI Can Fill the Jobs Gap — and That’s Just the Start!

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