Daniel Priestley: AI Will Make Plumbers Earn More Than Lawyers! (2029 PREDICTION)

I was looking at the top 10 jobs that

are most likely to be disrupted by AI

and I really do worry about this.

>> So the nature of the economy is changing

for a long time. Blue collar work like

plumbers, electricians, brick layers has

been devalued. But it could be in the

next couple of years. These are the

roles that are elevated the most and

that plumbers regularly earn more than

lawyers. And for the last 25 years, I've

been building companies from scratch and

I've been through the global financial

crisis and co but I have never

experienced what we're experiencing

right now. I've never seen more fear for

the disruption that is coming. And my

real bare case for AI is that every time

you go on AI, your request is going off

to a big computer in a Walmartized

building somewhere. And those big

ginormous computers, they last 3 to 4

years before they need to be replaced.

And this year ahead, we're going to

spend 650 billion and that could cause a

massive financial collapse. That's the

thing that I'm worried most about.

However, I've never seen more excitement

for the opportunities that are in front

of us. So let's talk about in a world of

AI what are the skills that survive.

>> So I really believe that everyone should

build a little bit of a personal brand

not like to become an influencer but

position yourself with a group of people

who know who you are and know what you

do and could enroll you in their

opportunity. Second one if there's one

skill set that everyone should be

learning at the moment it's how do

entrepreneurs think? How do

entrepreneurs behave? What are the

skills that make an entrepreneur

successful? And entrepreneurs just

simply follow six steps and we do it

over and over and over again. and we'll

go through the six steps.

>> So, are there any particular

opportunities that you think that

anybody listening right now could pursue

to make money?

>> So, I think one of the best

opportunities is

>> that is such good advice that we don't

hear enough.

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Daniel, I think we're living in the most

interesting, opportunistic,

terrifying time to be an entrepreneur, a

professional, to really be anybody

because this is a moment of such

fundamental change. And I really wanted

to have this conversation with you today

because I want to understand how you're

thinking about AI from an opportunity

standpoint as an entrepreneur, but also

just for everybody that's working in a

normal job and who is at risk of having

their their career, their livelihood,

their identity, their qualifications

made redundant because there is now an

alien amongst us that can do so much. So

this conversation really is about giving

people answers. It's about being honest

with them about what's coming. And it's

about preparing them, setting them up so

that they have an advantage

in the face of the future we face. So

give me the 30,000 ft view.

>> Well, my background for the last 25

years has been building companies from

scratch. And I've been through the com

and I've been through global financial

crisis and I've been through uh Brexit

and co. I have never experienced what

we're experiencing right now. I've never

seen more excitement for the

opportunities that are in front of us

and I've never seen more fear for the

disruption that is coming. We are living

through transformational times that is

very similar to 250 years ago where the

end of the agricultural age ended and

the beginning of the industrial age

began.

>> I would argue that it's more significant

because there's two forces that kind of

keep me up at night. The first force is

AI, which is you can think of it as just

the replacement of the human brain from

a sort of productivity standpoint. And

then the other is robotics. And the

problem is they're coming in at the same

time. And I was watching I don't know if

you saw this the other day.

>> So I'll put this on the screen for

anyone that's watching the video right

now, but this is a demonstration that

took place in China of how advanced

their robots are. And I had to check

multiple times to make sure that this

wasn't fake. They are doing back flips

and landing perfectly on their feet. And

so when you combine intelligence with

the disruption of our physical form, our

muscles, our body, our ability to pick

things up and move them through through

time and space,

it begs the question like where do we

>> where do we fit in to all of that?

Strangely, there's something called the

Jevans paradox. And the Jevans paradox

is a paradox where when we think

something is going to completely disrupt

the way that we uh live and work. It

often has the opposite effect. We

thought that YouTube was going to

completely wipe out television. And it's

true that Hollywood lost tens of

thousands of jobs, but YouTubing created

500 to 600,000 jobs at the same time.

And it used to take 150 people to make a

a TV show or a movie. And now it's 5 to

10 people making YouTube videos as a

little team. and they can have a wildly

successful YouTube channel. With the

Jebans paradox, if we currently said

that in order to have a successful

software company right now today or in

the last few years, you needed to have

10,000 customers and you needed to have

a team of 50 people and you needed to

raise$1 to5 million to get a software

company off the off the ground. If all

of a sudden the cost and the commitment

drops dramatically to have a software

company and you only need 500 customers

to work it to make it work and you only

need two people on a team to make it

work and you only need a tiny bit of

funding to make it work. What happens is

like YouTube channels you can end up

with literally millions of tiny little

software businesses that are super

successful for 5 to 10 people and they

do something niche and they do something

special. They don't look like

traditional software companies either.

So a traditional software company would

just do the software whereas these

little software companies might do

software plus they might do dinner

parties where the clients get together.

They might have an annual ski retreat.

They might have a podcast and a YouTube

channel that goes with it. And all of

that could be done by 5 to 10 people

using AI tools. So the Jevans paradox