AI Won't Destroy Jobs, It Will Create A Labor Shortage

There's a narrative right now that says AI is going to destroy jobs. Do you think AI is going to destroy jobs? Or maybe you can take the other side. Do you think AI will create a labor shortage? I think AI is going to create a labor shortage on the high end white collar jobs. I think AI will create, will reduce jobs on blue collar like flipping a burger. So check this out. So you remember Grok? The one with the queue, the one that sold for 20,000,000,000 to NVIDIA? Okay. Yeah. Yeah. Yeah. Okay. So the chip company. Yeah. The chip company. So Jonathan Ross. Right? They did I don't know if they did TPUs. It's it's some type of chip. It's an AI chip company. I don't know about TPUs. I don't think they did TPUs, but, Jonathan Ross, founder and CEO of AI chip company, Grok offers a contrarian view. AI won't destroy jobs. It will create a labor shortage. He outlines three things that will happen because of AI. Number one, deflationary pressure, meaning that this this water bottle over here, your water bottle over there is going to cost less. Your housing is going to cost less. Everything is going to cost less because you got robots, you know, farming coffee more efficiently, building things more efficiently, building your homes and all that. Right? So people are gonna lead need less money. That's number one. Number two, people will opt out of the the economy. This one's interesting to me. People are gonna work fewer hours. They're going to work fewer days a week, and they're gonna work fewer years. They're going to retire earlier because they're going to be able to support their lifestyle working less. Number three, entirely new jobs and industries will emerge. Jonathan points to history as evidence. If you look at a hundred years ago, 98% of workforce in The United States was in agriculture. When we're able to reduce that to 2%, we found the things for those of the other 98% of the population to do. So those job, the jobs that are going to exist one hundred years from now, we can't even contemplate. So software developers didn't exist a century ago influencers didn't exist a century ago. So his conclusion is deflationary pressure, workforce opt outs and new industries. We can't yet imagine what can combine to create one outcome. We're not going to have enough people. So I think him and I are saying the same thing because I believe you're going to have all this new demand for jobs, but jobs like flipping a burger or putting fries in oil. I think those will be automated just like how agriculture doesn't need as many people because machinery really change how we do agriculture and technology. Right? It's made it so much more efficient. I think the same thing's gonna happen with, do you really need someone to sit there and mow a …