Episode 188

full
Published on:

14th Mar 2026

The American Dream Is Changing Jobs (Full)

Go to school, get a degree, get a job, build a life — that contract expired and nobody sent the memo. Jerremy Alexander Newsome and Dave Conley trace the wreckage: a 16-year-old who can't get hired at Wendy's, a retirement vehicle that was really just a tax code loophole, and an AI wave aimed squarely at people who thought sitting behind a laptop meant safety. The World Economic Forum says 78 million net jobs by 2030. Jerremy and Dave aren't buying it. America needs a new deal. Nobody's writing it.

Timestamps:

  1. (00:00) The deal was school → degree → job → life — it's already dead – and no one sent the memo
  2. (01:56) College is vanilla ice cream – fine, not worth the price, and definitely not the only flavor
  3. (03:34) "Send everyone to trades" is the new "learn to code" – sounds great until you pressure-test it
  4. (06:17) Dave's buddy builds pinball machines and laughs at AI – people who move atoms, not electrons, sleep fine
  5. (14:33) Jerremy's 16-year-old can't get hired at Wendy's – if entry-level is closed, where does the pipeline start
  6. (16:39) Dave had 200 credit hours and zero degrees – a buddy called him qualified for "stupid" and that became AOL
  7. (22:42) Every party starts with "what do you do?" – Americans live to work while Europe works to live
  8. (27:05) No one talks about their job on their deathbed – legacy beats title every single time
  9. (28:17) AI won't create an economic crisis — it'll create an identity crisis – the laptop class gets hit first
  10. (44:31) 81% of workers fear losing their job in 2025 – the Great Stay is really the Great Trap
  11. (49:59) The average 401k is $97,369 – a tax loophole dressed as retirement that was never meant for you
  12. (58:22) $145M in apprenticeship funding got zeroed out – the headlines land but the money doesn't
  13. (1:13:05) America is entering 2030 without a replacement deal – and nobody's writing one

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Transcript
Jerremy:

For generations, Americans followed the same unwritten deal.

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Go to school, get a degree,

land a stable job, build a

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family, and have a happy life.

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But that contract is dissolving

in front of our eyes.

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We were holding the sand in our hands,

watching it slip through our fingers.

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Employers can't find workers.

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Workers can't find employers or stability.

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A generation carrying student debt

can't afford a home, and the trades

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are being sold as the obvious fix.

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But the reality's more

complicated than the pitch.

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The economy freedom and delivered

insecurity, and underneath all

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of it, AI is repricing the laptop

class faster than any employer,

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university, or government can respond.

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entering 2030 without a replacement

deal, and we think we need to write one.

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name is Jerremy Alexander Newsom.

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Joined as always by my damn sexy co-host.

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He made me read that.

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Dave DC Conley and this podcast

is solving America's problems.

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We're kicking off a brand new series,

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Dave: Woo hoo.

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Jerremy: called Work In Progress.

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The American dream is changing jobs, and

if you've been with us for a while, we

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don't just pick topics, we pick problems

that do not have any clean answers, and

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we get to find out why this one has been

sitting with us since we wrapped up our

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last series, maybe even before that.

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I'm quite confident.

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Dave, this could even morph into of the

ones you've been really excited about.

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The problem of AI and do we solve it?

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How can we solve it?

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You battle with AI overlords every day.

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Dave: There's

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Jerremy: I think I

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Dave: yeah.

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Jerremy: at the intersection of the movie.

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I Idiocracy.

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The Terminator in the Matrix and

Dave Conley's is in the Venn diagram

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in the middle of all three of

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Dave: With a flame thrower.

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Jerremy: Yeah, yeah, exactly.

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Dave: So, yeah.

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So last year actually, it was sort of, it

was among our first, series that we did.

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We, we did a whole series on

whether college was worth it.

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And we started that

thinking like, no, hell no.

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like that there's no way

that college is worth it.

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And actually, we came out of it

a little bit different than that.

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We were looking at debt, the

misaligned outcomes, and the

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degrees that weren't delivering

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Jerremy: I,

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Dave: we were asking a pretty blunt

question, is the whole thing a scam?

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Jerremy: yeah, like is college a scam?

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Yeah.

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I mean, my answer was still

is kind of yes, mostly.

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specifically, but I mean, we we're

gonna need some type of big shift, dude.

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We're gonna need a big shift.

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And by the end, after we did all that,

after we had all that big conversation,

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we said, listen, college is is okay.

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We can make a shift.

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Dave: It's fun.

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Jerremy: it's, it's, it's okay.

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I, if I said fine, I think

it's, it's, it's okay.

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I would say college is a

lot like vanilla ice cream.

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Dave: Oh, I love vanilla ice cream.

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I really do.

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I do.

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I love it.

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That chocolate.

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Everybody loves chocolate.

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I mean, chocolate's fine, but

you get a really good vanilla.

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I'm like, wow, that's killer.

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I love vanilla ice cream.

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Yeah.

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Jerremy: You're the best.

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Well, I, I will say this.

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We ended up, we ended up

at we, we ended up at this.

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It's the affordability,

it's an outdated model,

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Dave: Yep.

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Jerremy: the country is basically one

lane for most people, and that the

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country says, Hey, get in this one

lane, it's gonna work for everyone.

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Dave: is nonsense, right?

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And then we have all of

these other things going on.

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So we got like the gig economy going.

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Trades.

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Everybody's like, trades

are the greatest thing.

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Well, you need to send

everybody to the trades.

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And I'm like, I was

researching this topic.

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kinda, I mean, it's like, because it's,

it's, we gotta talk to some trades

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people because I'm, that, that's gotta

be in our lived experience, slot because

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I'm, I think it is a real answer for

a lot of people, but I'm not sure it's

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the answer we're all bargaining for.

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that's, that's what I'm excited about

for this series because it, it's not

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saying if college is worth it or not,

really, as you put it, look,:

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is four years from now and everything

is saying this system is isn't working.

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like it's not working for the

vast majority of Americans.

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So what do we have to do?

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What are the policies?

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What are the things that we

have to choose, differently?

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Because for decades it's been,

go to college, get a job.

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Well, that's clearly not working right?

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So.

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What, what do we have to do?

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And it's not, this isn't

just for young people.

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So if you are like, a teenager

or you're in college, yeah,

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this is, this is for you.

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But this is also for everybody

who has a job, which I'm assuming

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just about everybody here does.

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it's going to be, anybody who's like,

okay, well, I trade my time and my

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treasure for doing something in the world,

so that I can do other things, right?

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Like, there is something that I do.

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How is that gonna change?

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Because it is all changing

from underneath us now.

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And that's the whole point of this series.

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Jerremy: That's the whole point, ma'am.

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Yep, absolutely.

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And really, we got some questions.

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I mean, we're gonna kick off some

questions to ask the audience.

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For everyone out there who's listening on

YouTube, Twitter, Instagram, the socials,

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Dave: Yeah.

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Jerremy: with us.

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Dave's AI clone does a great

job of answering your questions.

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Dave: No, that's me.

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That's me.

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If you get an answer, it is actually me.

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Jerremy: And, I need, I still

need your AI clone to come

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help cook dinner at my house.

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speaking of jobs that, that where

are needed, but what I will say for

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everyone who's listening, we encourage

you to not only answer these questions

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as I ask them, but post your own.

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And let's continue that conversation.

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Keep in mind that this podcast is open

and we love to have guests come on,

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have debates, have conversations, come

up with solutions, detail problems.

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And one of the best parts

about this podcast is we want.

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We can fully, beautifully have

an incredible disagreement and

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go, I still love you as a human.

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Keep that information coming and let's

create and inform our opinions because

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that is how you become an adult.

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So here's some questions.

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Here's some questions.

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Kick us off, no right answers.

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We're gonna go through

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Dave: Mm-hmm.

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Jerremy: tell you where

you and I and me are.

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And we are.

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And by the time we're done, maybe we'll

know exactly what biases we're walking

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into the series and then every single

one of our listeners can hold it to us.

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Alright, so Dave, let's, I'll hit you up.

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Dave: Question one.

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Jerremy: Yeah.

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The people around your life.

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Dave: Yeah.

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Jerremy: with.

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Your boo, your friends.

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the people in your life feel

secure in their work right now?

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Dave: Oh.

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yeah.

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Yeah.

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They, they do, most of the people I

know are, are, late career, have their

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own, companies or, in fact, I was just

talking to my brother from another mother

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on this and he was like, yeah, he's a.

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He's a very high end contractor in

a very specialized field, and he,

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and he, and he works for fun, which

is like the best part about it.

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He could retire tomorrow

and, and be fine or not.

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And he's young and he was just

saying that, one of the companies

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that he contracts with got

acquired and they are super excited

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about using AI for everything.

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And, and Joe's been doing, development

work for his entire life has been

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like, okay, yeah, that's great.

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It's really good for a few things, but

it's really terrible for the one thing

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that you really like doing, which is,

moving atoms, not electrons, because

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he, he works on pinball machines and he

builds all, if you've played a pinball

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machine, you have likely played one of,

something that he's been a part of because

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he's, he's one of those guys where, the

software underneath it, he's like the man.

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And, they, they want to use

AI for all of that software.

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And he goes, look, an AI won't,

can't currently tell you.

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If a machine plays well, if you're

excited about it, if it's, if it's a

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physical thing, like you have to be

able to move the elect, you have to

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move the, the atoms, not the electrons.

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So he's, he's, he's feeling fine.

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Another buddy of mine who's a, who's

a developer, he is like, yeah, we're

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seeing a lot of, a lot of AI coming in,

but he's a senior person so that like,

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they're using it and they're getting

more out of what they're already doing.

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So they're, they've grown the pie, right.

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like they haven't eliminated jobs.

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They've been able to take the people

that they currently have and they've

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been able to do a lot more and, and do

it quickly and do it, at a higher level.

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So maybe they're not hiring, but

at least the people in my life are,

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are feeling, feeling fine today.

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What about, what about you?

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Jerremy: I agree.

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I mean, I think most people that

are in my day-to-day life, generally

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the majority of them, kinda like you

said, business owners, entrepreneurs,

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Dave: Yeah.

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Jerremy: they kind of are

doing their own thing.

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And that's in a way, a mindset

too of like, Hey, whatever is

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coming, I'm gonna figure it out.

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they're figuring it out, right?

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They're like, Hey, things are gonna shift.

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Things are changing.

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I'm changing.

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The whole world's changing.

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We gotta change with it.

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Dave: Mm-hmm.

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Jerremy: And they are adapting to that.

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Now, again, the people that are not

in my life as entrepreneurs, but have

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trade jobs, they feel perfectly secure.

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Dave: Yeah.

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Jerremy: I haven't.

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Noticed anyone right now that like

my job is being affected now, I

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have received a couple text messages

from a couple friends who are like,

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Hey, my, my buddy just got fired.

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Do you know anyone who can hire X, Y, Z?

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So on and so forth.

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That's happening and the jobs report

came out and the market's not that long

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ago, and last month we lost as a country,

whatever, 92,000 jobs or something,

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which mean, that's such a small number.

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It's almost, almost insignificant.

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But it did spook to market

for like eight whole seconds.

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of course, which rampage higher again,

I think right now the answer is yes.

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Most people that I connect with or

talk to feel secure in their jobs

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presently, and I don't, I, I still

don't know how much AI is coming.

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their jobs, but I also don't think that

a lot of people have sat down and really,

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really listened and thought and understood

how fast some of this is changing.

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Dave: Yeah, they don't know.

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Yeah,

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Jerremy: yeah.

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I think we're kicking

the can down the road.

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Like, ah, it'll be, five years in

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Dave: no way, man.

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Jerremy: it might be five months dog.

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Like, I don't, it's changing

so rapidly, so quickly.

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Even with our podcast and you being a

world renowned computer technician and

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specialist, like you're over here like,

dude, the things AI did three months ago

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and now is mind alternately different.

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Like,

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Dave: It changes just about every

week, in, in different ways.

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It's crazy.

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so I think you're absolutely right.

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You don't know that the, the.

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The, the tide has gone out on the tsunami

and you're just waiting for the wave.

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Right.

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like, it's, it's gonna happen all at once.

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it's what they, I read that 1929 book,

man, if you, if you want just a crazy

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ass book, you gotta read that 1929 book.

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like they, they didn't realize that like

the, the tide had gone out, and then

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all of a sudden it failed all at once,

like it was holy smokes, it was weeks,

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it was not, and so the, the shifts,

I think my niece, who's, pretty new

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in her, in her, professional career,

she's having trouble finding a new job.

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She hates where she's at and she's fine

where she's at, but she doesn't like it.

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So she's having trouble in her field,

finding a new job, which is, weird.

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it's New York City.

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Jerremy: yeah, yeah.

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Well, I will say this, that that is one

thing that most people feel good in their

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jobs presently, but finding jobs I, I

have noticed, is more of a challenge.

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I mean, randomly, right?

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But my son's now 16, Gabriel.

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Dave: Yeah.

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Jerremy: I have been with

him and he has applied

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Dave: Yeah.

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Jerremy: physical jobs.

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'cause I think that that's probably

what he needs in his life right now is

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a physical schedule and things to do.

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Dave: Love it.

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Jerremy: Bro can't get a job.

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No one's calling him back.

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No one's hiring him.

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I, I helped him with his resume.

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Dave: Yeah.

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Jerremy: doing the things and

obviously, it's Wendy's and

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Burger King and McDonald's and

all the, all the places like that.

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But he is posting and applying

and they have slowed down hiring.

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Don't know if that's a good thing or

a bad thing, but like, if you have a

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position right now, you probably are good.

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But I will say if you currently have a

job that someone else is paying you for

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Dave: Damn.

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Jerremy: and they're not your best

friends or, or wife or husband, you

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should have a conversation with someone

in that company about how you can

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learn and become more prepared for how

AI is revolutionizing your industry.

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'cause it is, and you need to

be on the forefront of that.

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Dave: So I, I'll, I'll give the

audience exactly the kind of,

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advice that I, I give my niece.

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and that is you have to be as

close to money as humanly possible.

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So the closer you are to actually making

money in your, in your, in your, company

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or your endeavor, the better it is.

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So if you're in a support function like HR

or even, sales and marketing, like those

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are, those are not making money, right?

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Like, the things that make the money

are the products and the services

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that your company actually does.

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So if you're on top of that piece.

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You're good if you're

not on top of that piece.

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And that goes for developers too.

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There are lots of developers that don't

work on whatever the main thing is.

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like they'll be in the back office or

there'll be like some ancillary stuff.

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No, the, the, the Google engineers

that work on search and AI are fine.

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The Google engineers that,

that work on, Roomba?

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No.

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Not so much.

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Right?

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Jerremy: Yeah.

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Yeah.

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Well, I mean, I, I have heard of,

like I said, I, I got a couple

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messages from people whose jobs

got eliminated now, was eliminated

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'cause they're bad or eliminated.

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'cause they're, they have ai.

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I don't know that, that

part, I don't know.

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But I do know some people that got let go.

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Dave: Yeah.

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What'd they say?

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Are they freaked out?

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Jerremy: I mean, no, they're

not, they're not freaked out.

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I mean, I guess they're as freaked

out as anyone who gets fired.

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Dave: Yeah.

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Jerremy: or loses their job.

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So I don't know if it's like, oh

my gosh, it's the end of the world.

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I don't, they haven't done that yet.

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And that's natural for it.

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Dave: You're, muted.

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I don't know why.

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Jerremy: No.

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Dave: Yeah, you're back.

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Jerremy: that button is sensitive.

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Oh my goodness.

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I breathed too hard and it muted.

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no man, I, I don't think they, yeah,

no one, no one got more upset than

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they would get upset for just losing

their job and, having security

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Dave: Yeah.

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Jerremy: them and being, being

scared and afraid and worried.

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but again, I, my advice to them is,

Hey, go be, go be an entrepreneur.

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Go be a freelancer.

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Go be a, a gig employee

because there's so many

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Dave: Yeah.

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Jerremy: opportunities out there.

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I mean, when you hear someone

say that they're a good work gig

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worker, what is your gut reaction?

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Dave: It's not negative,

but it's also like my, my.

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In my head, I'm, I'm, I'm

usually saying, okay, well

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what's the job you actually want?

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Right.

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like, what, what's the

job you're not doing?

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And so I never think of like, gig, gig

economy or, DoorDash, drivers, Uber

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drivers, the people that I, interact with.

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if they're contractors,

I'm like, yeah, I get it.

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like there's a lot of people who are

contractors, but if they're actually

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doing gigs right, they're, they

are summoned by an app somewhere.

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Yeah.

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I'm, I'm, I'm always wondering, like,

you, you probably have a master's

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degree in something and I, I feel

kind of bad for them, sorry for

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them, but it's, it's, that's on me.

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like, that's probably not their reality.

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I don't know.

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What do you think?

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What, what do you, what do you

get when you get a Hear a I always

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think there's gotta be something

that they're not really doing.

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Yeah.

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I don't that they're

not doing it by choice.

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Jerremy: I would agree on the age part.

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I think it's an age thing.

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Dave: Yeah.

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Jerremy: using that word specifically.

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If someone said, I'm a gig

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Dave: Yeah.

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Jerremy: have to assume

that they're either younger.

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Or they have a lot of talents

and they are spending a lot

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of time on Fiverr and Upwork.

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I mean, I just hired a new person

on Upwork today for, $10 an hour for

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something, and I'm, I'm cool with it,

like I hire people with gigs all the time.

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I think it's a, I think it's a cool word.

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I would probably suggest to them

to use a different word freelancer.

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Sounds cool.

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I own my own consulting business.

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Sounds really cool.

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I wouldn't have them use that word

frequently because I think it's

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just, it sounds a little young maybe,

or naive or, or not as powerful

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as it could, but I think, I think

it is probably a young thing.

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and so for speaking of Dave, I mean, you

have to think back on this one, right?

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Big, like really

375

:

Dave: Such an asshole.

376

:

Jerremy: put, put your mentor hat on here.

377

:

'cause you used to coach men all the time.

378

:

Dave: Yeah.

379

:

Jerremy: and I

380

:

Dave: Yeah.

381

:

Jerremy: nephew and I'm gonna

make sure he listens to this.

382

:

If you were 22, what would

you be doing right now?

383

:

Like what's your suggestion for people?

384

:

I.

385

:

Dave: Well, in, in my situation

where I was, at 22, I was, I was

386

:

meandering around college without

any idea what I wanted to do.

387

:

I had like 200 credit hours with

no degree in sight, like none.

388

:

If it wasn't for a buddy of mine

who said, Hey, you should come down

389

:

my, my, my company's hiring stupid.

390

:

And clearly you qualify.

391

:

So why don't you bring your resume down?

392

:

so, and that's how I got my first job.

393

:

I, and I was hired at this little

company that almost nobody had heard

394

:

of, called a OL America Online.

395

:

And I was off to the races.

396

:

I, I was not good at college, but it

turns out I was really good at business.

397

:

once you, once you put like, solving

business problems and making money

398

:

and all of that together, I was like,

oh, is this what this is all about?

399

:

Right?

400

:

Because I'd had, I'd had jobs,

but I didn't have career jobs.

401

:

Right.

402

:

So at 22, I would've said, get out there.

403

:

I wish I'd gotten into like real

estate, like commercial real estate.

404

:

I'd wish I'd gotten into stocks.

405

:

I loved stocks.

406

:

Then, I'm, I, I'd probably be mentoring

you by this time if I'd stuck with that.

407

:

Jerremy: Mm-hmm.

408

:

Dave: but that was before you

could really do, online trading.

409

:

But I loved stocks, I loved all that.

410

:

I probably would've gone, I would've said,

go and get a job or join the military or

411

:

something, because I just didn't have the

discipline to, to stick it out in college.

412

:

I wasn't, I wasn't motivated that way.

413

:

And, and, and as soon as you started

paying me, I was like, oh, I'm in.

414

:

So I would've been like, just,

like if anybody's thinking about

415

:

do a gap year or whatever, it's

like, yeah, put a timetable on it.

416

:

It's like, okay, I wanna spend

this one year learning this

417

:

skill or doing this thing.

418

:

And then, after the end of the

year, if it works out, great.

419

:

If it doesn't, then do something

else, or go back to school or

420

:

go into the trades or something.

421

:

So give yourself that time to

really explore, because at 22.

422

:

I mean, at my age now, I barely

know what I'm, I I want to do at 22.

423

:

I had no clue.

424

:

So I'm like, look, you,

you gotta figure it out.

425

:

I, and I don't think most people

figure it out, they end up in jobs,

426

:

they'll turn around at 40 and they'll

have like a mortgage and kids, and

427

:

they'll feel like frigging trapped

because they've trained and been

428

:

in this job for their entire lives.

429

:

And they're like, I don't wanna

do this for the next 20 years,

430

:

and they have a midlife crisis.

431

:

And I'm like, nah, you should, you should

really spend some real quality time, just

432

:

being poor, And, and, screwing around

and trying different jobs and, and making

433

:

friends and getting mentors and, and,

just doing a lot of different things.

434

:

I'm not saying jump on a stripper pole,

I'm saying like, you can, you, you can,

435

:

you can go and, and figure out, careers

and jobs and volunteer a lot of your

436

:

time or, or get, crappy jobs within

companies, intern, that kind of stuff.

437

:

So at 22 I'd be like, ah, forget this.

438

:

Go, go, go get out into the real world.

439

:

Fortunately I did, but

it was, it was dumb luck.

440

:

Jerremy: don't be a stripper.

441

:

That's the advice that Dave Conley has.

442

:

Dave: no, everybody loves strippers.

443

:

Who doesn't love strippers?

444

:

Jerremy: You can get paid.

445

:

Yeah.

446

:

Dave: about you?

447

:

22?

448

:

Jerremy: bro.

449

:

Tony, you got all the time in the world.

450

:

What are you doing with

your 160 hours a week?

451

:

Dave: Right,

452

:

Jerremy: sleep for six to seven hours.

453

:

You're 22,

454

:

Dave: right, right.

455

:

Jerremy: Work your face

456

:

Dave: Yeah.

457

:

Yeah.

458

:

Jerremy: anyone, everyone, whoever,

whenever, wherever, doing whatever, and

459

:

do it and get experience and see what

you like, and see what you don't like.

460

:

I mean, that's it,

461

:

Dave: The only caution I would throw

in here is professional athlete

462

:

and online influencer are not jobs.

463

:

Don't scroll TikTok all

day and say, I'm at work.

464

:

You're not, you're, you're,

you're bullshitting yourself.

465

:

Jerremy: Mm-hmm.

466

:

Dave: do something in the

real world, or do something

467

:

that is actually making money.

468

:

showing your feet on Instagram is not it.

469

:

Jerremy: Correct, Yeah.

470

:

I mean, people do make money doing it.

471

:

but again, it's the same percent

chance as being an athlete.

472

:

Like it's so rare, it's so difficult, it's

so challenging and so hard to replicate.

473

:

But the realistic case is you

can go into your neighborhood

474

:

Dave: Yeah.

475

:

Jerremy: create income by offering your

time, your services, your skills, your

476

:

height, your strength, your energy, your

endurance put up, Christmas lights so

477

:

much you can do, so much you can do.

478

:

yeah, man, and I think for anyone

of any age, if you read one or two,

479

:

very powerful, very big, incredible

audacious thinking books, books that

480

:

allow you to think creatively and in

depth, you do that once or twice a year.

481

:

It can be the exact same book,

read it or listen to it or both.

482

:

You'll continually get reminded.

483

:

You'll continually get shifted.

484

:

You'll continually get the updates.

485

:

some for me that are almost

non-negotiables or Think and Grow Rich, I

486

:

probably listen to it three times a year.

487

:

Dave: Hmm.

488

:

Jerremy: outwitting the Devil, probably

listen to it two or three times a year.

489

:

You're a badass at

Making Money by Jens ero.

490

:

I'm, I have a little bit of an

ego, so I listen to my own book

491

:

a couple times 'cause I think

it's really good every year.

492

:

And so just to hear some of the

things over and over that exist.

493

:

But what it does is it triggers different

thoughts, different patterns, different

494

:

beliefs, and different parts of your life.

495

:

And if you're doing that regardless

of your age, you can always

496

:

reinvent, reshape, reconnect, have,

build a bigger, better network.

497

:

And there's a phrase where it's all about

who you know, which is true and accurate,

498

:

but it's also about who knows you.

499

:

Dave: Yeah.

500

:

Jerremy: you and what do you stand for?

501

:

Dave: Yeah.

502

:

Jerremy: that's going to increase

the likelihood and the odds of you

503

:

winning, of you being successful,

of you moving forward in life, of

504

:

you doing something remarkable.

505

:

Who knows you?

506

:

What do you stand for?

507

:

Dave: Love it.

508

:

I

509

:

Jerremy: Yeah.

510

:

Dave: spot on.

511

:

Jerremy: Yeah.

512

:

Now this is a big one, 'cause I have

some very interesting opinions on this.

513

:

Do you think Americans feel good about

work or is it something they just endure?

514

:

Dave: Oh, I, I think

it's definitely endure.

515

:

I, I don't, I don't feel like they're,

they're, I don't think Americans are

516

:

celebrating their jobs by and large.

517

:

I think it's, I think it's, it's,

it feels like a grind to me.

518

:

I don't have any information on that

other than, and, and the people in

519

:

my life are perfectly fine with their

jobs, but it feels like there's a

520

:

malaise, and that's, that's my vibe.

521

:

Do you have a different read on that?

522

:

Jerremy: No.

523

:

What's the phrase In Europe, I've

heard many people work to live.

524

:

Dave: Mm-hmm.

525

:

Jerremy: And in the US somehow we

have this really random, backwards

526

:

approach where we live to work

527

:

Dave: Yeah.

528

:

Jerremy: and it's a, and

it's, it's an endurance race.

529

:

This is what I do.

530

:

I am defined by this job,

531

:

Dave: Yeah.

532

:

Jerremy: by this title, by

this income stream, right?

533

:

Every party.

534

:

What is it that you do?

535

:

Dave: Yeah.

536

:

Jerremy: you do?

537

:

Dave: Right, right.

538

:

Jerremy: What

539

:

Dave: Yeah,

540

:

Jerremy: And what we do defines

who we are and it shouldn't,

541

:

Dave: no.

542

:

Jerremy: right?

543

:

People should not be leading

necessarily with that.

544

:

I mean, an example, very rarely

I'm at any gathering of any size.

545

:

Someone comes up to me.

546

:

Says, Hey man, got your wife and kids,

or Hey man, is that your wife and kids?

547

:

Or, Hey man, good shoes on.

548

:

Do you like to run?

549

:

like, no one's having

conversations anymore.

550

:

I, I go up to other people and have

conversations and so no one's coming

551

:

up to me, which is, which is weird.

552

:

Maybe I'm scary looking, I don't know.

553

:

But then at the same time, when we get

very, I mean very quick into almost

554

:

every conversation, so what do you do?

555

:

And again, here in the, here in

the US it is very much like this

556

:

celebrated, this is what I do, this

is my job, this is how I make money.

557

:

That's really what's important.

558

:

I've definitely felt like in Europe

there is a slight difference there where

559

:

people talk about having holiday, where

are you going on holiday this year?

560

:

Dave: Mm.

561

:

Jerremy: you get two

weeks paid at holiday.

562

:

Everyone's excited about their holiday.

563

:

Everyone's taking off work.

564

:

They, you go to Spain, are closed at five.

565

:

Dave: Right.

566

:

Jerremy: siestas, people

are doing their thing.

567

:

It's like, it's just

different in other countries.

568

:

Now granted, we are the

wealthiest country in the world.

569

:

Numerically we're also the most in debt.

570

:

We have a lot of other

problems there going on.

571

:

So we're winning in a very random

category of like we are the richest,

572

:

per capita, so on and so forth.

573

:

And that's why.

574

:

But we treat the value of we

have more money as the number one

575

:

Dave: Yeah,

576

:

Jerremy: and it is not

the most important value.

577

:

So saying all that to say most

people do they, they work because

578

:

they must work 'cause they have

to work 'cause that's their title.

579

:

'cause they don't know

anything else to do.

580

:

I work with men all the time they feel

their number one job is to make money.

581

:

And that's their most important

value as a dad, as a husband,

582

:

as a father, is to make money.

583

:

I provide, that's what I do.

584

:

My job

585

:

Dave: yeah, yeah.

586

:

Jerremy: They feel like

they don't have enough time.

587

:

They don't feel like

they have enough energy.

588

:

They don't feel like they have enough

brain power to be something other than the

589

:

dude who makes 85,000 a year plus bonuses.

590

:

Dave: Hmm.

591

:

I know with the, with a, the high

powered women that I had in my life,

592

:

they, they are constantly feeling

like they can't give enough to work.

593

:

They feel guilty about not being

able to give enough to work, and

594

:

they feel guilty about not being able

to give enough to their families.

595

:

And so they're in this

constant guilt spiral of.

596

:

Disappointing everyone when they're

not, they're only disappointing

597

:

themselves and they're disappointing

themselves in their heads.

598

:

And I think, what you have to say

there is really important, but I don't

599

:

know how we break that cycle, right?

600

:

if you just say to somebody, look,

you've been getting an a plus in work

601

:

for a long time, but at the end of

your life, nobody's going to say,

602

:

well, I'm sure you made the, the

world safer by whatever it is you did.

603

:

every week, day in and day out,

they're gonna say, that I was

604

:

loved and I loved other people.

605

:

It's not gonna, nobody's gonna talk

about their job on their deathbed.

606

:

Jerremy: No one dude.

607

:

Dave: not one person, they're gonna talk

about their friends and their family

608

:

and, their legacy and, and that that

does not happen, be my legacy does not

609

:

happen from behind a computer screen.

610

:

Jerremy: Truth bomb.

611

:

truth bomb.

612

:

Totally agree, ma'am.

613

:

it's fascinating.

614

:

It's really interesting.

615

:

It's just good to, it's good for

people to see, and I would say that

616

:

you probably could have two choices,

if you would talk about what you did,

617

:

Dave: Yeah.

618

:

Jerremy: wouldn't be called a job.

619

:

It would be called Legacy.

620

:

be something that you are amazing and,

and incredible at, and loved and dreamed

621

:

about, and breathed about every day.

622

:

It could definitely be your

accomplishments, but if you, as a human

623

:

being dread the majority of your day,

624

:

Dave: Oh.

625

:

Jerremy: I promise there is a better

way to live, and it requires courage.

626

:

What doesn't?

627

:

It requires money, what doesn't?

628

:

And it requires time.

629

:

You have to.

630

:

Understand and work

from the end backwards.

631

:

Where do I want to go?

632

:

What am I gonna be talking

about at my deathbed?

633

:

What did I build?

634

:

Dave: Yeah.

635

:

Jerremy: slowly work your way backwards.

636

:

You can actually start creating a more

compelling vision because things are

637

:

changing, man, and I, everyone knows it.

638

:

Everyone feels it.

639

:

It it is here, it's gonna happen.

640

:

the middle class is gonna

be, is gonna be torched.

641

:

the lower class, unfortunately, is gonna

continue to get more disenfranchised.

642

:

the richer will become richer

643

:

Dave: Yeah.

644

:

Jerremy: what AI is gonna be doing,

645

:

Dave: Yeah.

646

:

Jerremy: right?

647

:

The people that, that have a know and

have all the money and can buy and can

648

:

shift, and can reframe and whatever,

they're gonna make the most money.

649

:

and the poor will continue to be poor.

650

:

And the, the middle class, they're the

ones that are gonna be fighting and.

651

:

For anyone who's listening, the

middle class is probably gonna be a

652

:

lot different than you might think.

653

:

you may or may not feel like if you

are or not, but I'm here to tell you,

654

:

if you don't know, if you're not in

the middle class, you probably are.

655

:

right.

656

:

You're probably there.

657

:

if you're, because you're either

like, dude, I'm super poor.

658

:

You're like, no, I'm definitely

not in the middle class.

659

:

Fair.

660

:

Been there sucks, right?

661

:

Let's, let's figure it out.

662

:

you're like, no, I'm definitely

not in the middle class.

663

:

So if you can't say absolutely

not, then you probably are.

664

:

And that means that there's gonna

be a lot of shifting for you and for

665

:

us and for the individuals that need

to create bigger, better, and more.

666

:

And I don't know if that's

gonna, I don't think college

667

:

is gonna be that answer, ma'am.

668

:

Dave: No.

669

:

Jerremy: not college.

670

:

It's gonna be some version of massively

totally shifted an educational approach

671

:

for individuals and for people.

672

:

And, a a big dream, would

be to get Andrew Yang.

673

:

the pod, Mr.

674

:

Conley to talk about his universal basic

income because essentially you right,

675

:

his book is and was, Hey man, like AI's

gonna take your jobs, but AI's gonna

676

:

be making you a lot of money and all

these companies are gonna have so much

677

:

profits 'cause we're all doing our thing.

678

:

So these companies can contribute to this

UBI fund this universal basic income fund

679

:

and everyone can just get paid to live.

680

:

And it's such an interesting belief system

and I can absolutely see the pros on it.

681

:

I can definitely see the content

of it it's a unique take.

682

:

But I also understand that going into

the post abundance world, 'cause you have

683

:

the post, we've talked about this so many

times, post abundance and post scarcity.

684

:

The post scarcity world is the one that

the fear mongers are painting the picture

685

:

of the robots and the, the terminator and.

686

:

The wars and the nukes and everyone has

loss of income, jobs, power, energy.

687

:

The grid falls apart, the US dollar

falls apart, and we fight each other

688

:

with sticks and stones get a chicken.

689

:

There's a lot of people who, who push

that often, especially the far right

690

:

Dave: Yeah.

691

:

Jerremy: of the conservatives are like,

it's coming, it's coming, it's coming.

692

:

And they sell their newsletter.

693

:

Well then you have a,

an interesting world.

694

:

I wouldn't, I would not classify as a left

approach or a democratic approach, but

695

:

what I would call it is something more

in the line of the abundant belief where

696

:

you can have a world that goes into the

direction that machines do work for us.

697

:

They can create income for us.

698

:

They do allow us if we have a

leader and someone who can champion

699

:

this vision to take a step back

in life a little bit and work.

700

:

Slightly less so instead of spending

85 hours a week, unless you're

701

:

in your early twenties, right?

702

:

If you're forties and above and you want

to spend a whole four hours a day with

703

:

your kiddos, you have the ability to,

and not only do you have the ability,

704

:

you have the privilege, you have

the time, you have the opportunity.

705

:

Do you have machines, robots, ai, that's

helping you with your business, with your

706

:

lawn mowing, with your dishes, with your

social media, with whatever you're doing,

707

:

so that it can help you be more present.

708

:

And the truth of the matter is

it's going to require someone.

709

:

group of people and individuals and

classes and courses and teachers and

710

:

programs to help people to instruct

them on how to do that, here in America.

711

:

Otherwise, we're just gonna keep falling

into the same he cycle that we're in

712

:

now, where everyone just keeps working

and working and working and oh, now

713

:

I have more time to do what work.

714

:

To do what?

715

:

To make more money.

716

:

To do what?

717

:

Make more money to To

718

:

Dave: Right, right, right.

719

:

Jerremy: I'm like, bro, you're

on the same hamster wheel now.

720

:

You just have more time and you're

not using this post abundance

721

:

world that we're being given.

722

:

I think it's just a really,

really fascinating parallel

723

:

of, of what's available.

724

:

But we do have to incorporate

it in the right way.

725

:

And there needs to be more leaders

that are talking about how to

726

:

actually step into that world.

727

:

'cause I do think that there's

a version of that is coming

728

:

Dave: Of UBI.

729

:

Yeah, I'll reach out to Andrew.

730

:

I've heard, Elon talk about,

universal, what'd he say?

731

:

Maximum income base, not BA

basic, but like universal maximum

732

:

income, something like that.

733

:

I dunno.

734

:

yeah, I don't know.

735

:

I'm not sold on the UBI thing.

736

:

I think it, it doesn't, but, but saying

that, what I do know this is that

737

:

we've, we've had like, we'll call it

two, three-ish sort of economic models

738

:

for the last a hundred plus years.

739

:

capitalism, some sort of a communism,

let's call it, more realistically

740

:

like socialism, which was, more,

more of, more, Or social capitalism.

741

:

And then you have like the, the

other one, which is a real tight

742

:

interweave of, of, of government

and, and, and, and, private industry.

743

:

like a, like a China model, right?

744

:

So that's, that's it.

745

:

All of those systems are dependent

on global trade, meaning you

746

:

have to be able to trade with

everybody all over the planet.

747

:

And it depends on consumerism and

increasing sizes of populations.

748

:

And both of those things

are falling apart.

749

:

The whole global, trade thing is

devolving, into regionalism, right?

750

:

Like it, it really started in

the United States with nafta.

751

:

and, the other thing is, is

that, most of the, the world is

752

:

shrinking, not growing, right?

753

:

So the people who have money,

there's a lot fewer of them.

754

:

Because you are missing the two pieces

that actually make capitalism work, make

755

:

all of those financial systems work.

756

:

There is a new financial system

that we haven't seen yet,

757

:

and I don't know what it is.

758

:

so that's, that's the

piece where I'm like, Hmm.

759

:

I don't, I don't know.

760

:

I don't know what it is, but it,

we, it is definitely changing.

761

:

it is not what we see today, and I

think that's a part of what we're,

762

:

we're talking about here today.

763

:

Right.

764

:

Jerremy: Yeah.

765

:

Yep, exactly.

766

:

There's gonna be a lot of shifting, man.

767

:

And here's an interesting one that I

think we probably will be surprised by,

768

:

and I think everyone's probably asking

and there's gonna be some big takes on

769

:

it, but someone literally asked me like,

will AI create more jobs than it destroys?

770

:

Or is this time different?

771

:

and according to a couple research papers

and a few other things, AI will create

772

:

78 million net jobs globally by 2030.

773

:

Technology transitions generally have

produced more employment, not less.

774

:

that was some, some, someone mentioned

that at the World Economic Forum recently.

775

:

but.

776

:

I think 78 million jobs is

not that many personally.

777

:

Dave: now.

778

:

Jerremy: And it's like, okay,

so AI creates that many jobs.

779

:

So new people can do new things with

ai, total of 78 million people, which

780

:

is, it's a cool swath of individuals

globally and anyone listening can

781

:

definitely be a part of that 78 million.

782

:

But seeing the robots, seeing some

of the things online and being very,

783

:

very, I definitely wouldn't say on

the cutting edge, but, but having

784

:

friends like you that do study this

stuff frequently, I am extremely on the

785

:

side that it's gonna take more jobs.

786

:

It's gonna create, I mean, I'm going

to, I've been to numerous restaurants

787

:

in Vegas, Dave, numerous more than a

dozen, and I don't eat out that much.

788

:

So that says a little bit where

it is a screen and I now work.

789

:

Dave: Ugh.

790

:

Jerremy: I now work at Posh Burger.

791

:

Dave: Oh, I hate those,

792

:

Jerremy: I go to Posh

Burger, I fill out my screen.

793

:

No one talks to me,

794

:

Dave: right?

795

:

Jerremy: and then I get a nu, 78.

796

:

And then I show up, and

797

:

Dave: Yeah.

798

:

Yeah.

799

:

Jerremy: food,

800

:

Dave: Right.

801

:

Jerremy: which whatever.

802

:

Like, I

803

:

Dave: But then they ask

you to tip the machine.

804

:

Right.

805

:

Jerremy: Oh, it bro.

806

:

Yes.

807

:

Yes.

808

:

Dave: tipping the machine.

809

:

Here's a tip.

810

:

Don't be a machine.

811

:

Jerremy: I still don't know how

I feel about this machine tip.

812

:

'cause I, I, I'm a super generous

person, dude, but I'm like, I

813

:

don't think I'm tipping this

814

:

Dave: No.

815

:

Jerremy: Like,

816

:

Dave: the machine.

817

:

Jerremy: didn't do anything,

818

:

Dave: You did half the work.

819

:

Jerremy: I, I should, there

should be a discount, for

820

:

using this, using this service.

821

:

I am now doing all the work.

822

:

Dave: right.

823

:

Jerremy: it is.

824

:

I, I think, I think that

is a wave coming, dude.

825

:

And you have, so restaurants are gonna

be adopting this soon where you sit down,

826

:

you just order from a, I mean, Chili's.

827

:

Applebee's, Outback, red Lobster.

828

:

They're predni still around.

829

:

They're probably gone.

830

:

Dave: Yeah.

831

:

No, they're still around.

832

:

Oh.

833

:

Oh.

834

:

I got a great story on We Lobster.

835

:

We'll, we'll we, we'll

tell that another day.

836

:

Jerremy: have these, you're gonna sit

down, you're gonna order, you're gonna,

837

:

you're barely gonna talk to a person.

838

:

Dave: that just happened to me.

839

:

I was out with our buddy Craig, and he

took me out and I, I don't remember it,

840

:

but it was a, it was a big chain, right?

841

:

we sat and, there wasn't a weight person.

842

:

It was, and I was like, looking around.

843

:

I was waiting, I was waiting for the

weight person and he just, he, he grabbed

844

:

the tablet, tablet that was on the, I'm

like, oh God, this is, this is me not

845

:

making it out into the real world enough.

846

:

I, yeah.

847

:

It's, it's for real, right?

848

:

And I was there at the first,

I, I, I created the first

849

:

internet revolution, right?

850

:

And I, we knew we were

changing the world and.

851

:

like there were so many jobs that just

disappeared that we don't talk about.

852

:

Sure.

853

:

There were, there were so much

money, wealth, and jobs that we

854

:

created, but all of the type setters

at the Washington Post got, axed.

855

:

Right.

856

:

You didn't need those folks anymore.

857

:

like so many people who worked in

circulation departments, the entire

858

:

music industry got wiped out.

859

:

like there, it was painful

for a lot of people,

860

:

Jerremy: Mm-hmm.

861

:

Dave: and it created a lot

more, but the people that it was

862

:

painful for didn't necessarily

translate into new jobs for them.

863

:

like they, you don't just, you don't

just be, like that was the whole,

864

:

bullshit of like, learn to code.

865

:

you're, you're, you might be a coal

miner today, but learn to code.

866

:

Well, how's that working out for you?

867

:

Jerremy: Mm-hmm.

868

:

Dave: like with ai, it's gonna be

very serious when, like you don't

869

:

see a doctor anymore, you see an AI

doctor, and you might have one doctor

870

:

checking on like 20 ais, right?

871

:

That are serving a

hundred different people.

872

:

or a nurse or a lawyer or a tax preparer.

873

:

I'm gonna do all my

taxes with AI this year.

874

:

like I'm not gonna pay anybody to do it.

875

:

That means my tax accountant

is, is SOL, right?

876

:

so that's, a couple thousand bucks that

she's not gonna get, and it's gonna take

877

:

me probably 30, 40 minutes to do my taxes.

878

:

so, it's, the thing about AI under

like the internet revolution is the

879

:

internet revolution realistically

took about 10 to 15 years.

880

:

The AI revolution is here and

it's happening immediately, right?

881

:

it's just very fast.

882

:

And so the ability for.

883

:

The, economy and for people

to adjust isn't there?

884

:

It's just not.

885

:

like you and I, we produced this podcast.

886

:

I produced this podcast for us,

and we don't have any staff.

887

:

like I pushed buttons and out the other

side of it, whereas three years ago,

888

:

we would've need a social media person.

889

:

We would've need a, somebody to cut

these things up, to put 'em on the line.

890

:

Like it was, it was very intensive.

891

:

Now it's just a push button.

892

:

and then, like there's AI podcasts now

that don't have human beings, right?

893

:

So I, I think that there's

plenty of jobs to be had, but

894

:

they're gonna be AI related.

895

:

and, and that it's whoever the AI is

gonna go after, it's gonna be like the

896

:

eye of so on, it's just gonna zap and

it's just like, that's gonna be gone.

897

:

like real estate agents.

898

:

Does anybody need a real

estate agent these days?

899

:

I, I don't think so.

900

:

Right?

901

:

That used to be a job.

902

:

Jerremy: Yeah, I, we

don't, you don't need it.

903

:

And those are the shift.

904

:

Those are the shifts that are coming, man.

905

:

Those are like,

906

:

Dave: Yeah.

907

:

Jerremy: I'm, I literally had two

hours of conversation today about

908

:

creating an AI title company.

909

:

I just bought my mom a house in Lake

City, Florida, 4% closing costs.

910

:

And I'm like, what?

911

:

For

912

:

Dave: Why?

913

:

Yeah.

914

:

Put it on the blockchain.

915

:

Yeah.

916

:

Jerremy: Yeah, dude.

917

:

Yeah.

918

:

Like,

919

:

Dave: A hundred percent.

920

:

Jerremy: well, first and foremost

921

:

Dave: got a guy you need to talk to.

922

:

He owns a title company.

923

:

Jerremy: can you hurry up

and put on the blockchain?

924

:

Like Bitcoin, like any crypto?

925

:

Aren't you supposed to

be doing that years ago?

926

:

Wasn't that what you were created

927

:

Dave: And I mean, the title, the

title on the blockchain, right?

928

:

Like,

929

:

Jerremy: nothing.

930

:

Dave: yo title companies do Zero.

931

:

Yes.

932

:

Jerremy: And you called that

And ever since you called that,

933

:

I'm like, damn it, he's right.

934

:

Like it is done.

935

:

Nothing

936

:

Dave: Nothing.

937

:

Jerremy: like zero.

938

:

Dave: No, no.

939

:

Jerremy: but yes, we

should be able to do that.

940

:

And I totally agree.

941

:

And there needs to be some,

some big shifts there.

942

:

There's ton, dude.

943

:

AI is going to absolutely cause a

storm of job losses It is gonna be

944

:

a period of time, it'll be a short

period of time, where unemployment

945

:

will get over 10% and people are

gonna have to find some new jobs.

946

:

the largest recent, unemployment

was,:

947

:

that like eight to 10% mark.

948

:

I think that can happen again.

949

:

I think it would just be a, a

unique proposition because companies

950

:

are gonna be making more money.

951

:

They just will need less people.

952

:

And then the people will get

time on their hands to go and

953

:

create more value for the world.

954

:

And I think it'll be very short-lived.

955

:

I do not think it'll

cause an economic crisis.

956

:

And that's an interesting thing that a

lot of people are saying is, I actually

957

:

think the economy's gonna be fine.

958

:

'cause most of the companies that are

using AI are gonna be making more money

959

:

and they're gonna funnel it into things.

960

:

Right.

961

:

Is the government gonna tax them more?

962

:

Or again, are they gonna have

some type of living expense or

963

:

are they gonna go, Hey, listen.

964

:

We're Starbucks, we don't

need any employees anymore.

965

:

Buy like we have a robot and, and

AI to literally do everything,

966

:

Dave: Right.

967

:

Jerremy: we're gonna

keep, 80,000 employees.

968

:

Just go talk to people and

wear a Starbucks shirt and say,

969

:

you should drink our coffee.

970

:

You're awesome.

971

:

Dave: Yeah.

972

:

Jerremy: 'em brand ambassadors, bro.

973

:

That's gonna be a real thing

974

:

Dave: Yeah.

975

:

Jerremy: you, you get paid to be a nice

human being and love on people with a

976

:

branded t-shirt and maybe a tattoo on

your arm of the company or something.

977

:

And maybe, hopefully it's not

permanent, but what I'm saying?

978

:

Dave: Face that too.

979

:

Of Starbucks.

980

:

Jerremy: hundred percent.

981

:

It's gonna be a job.

982

:

100%.

983

:

Dave: Yeah.

984

:

Jerremy: employees are gonna go, Hey,

I still wanna work here and I like

985

:

working here and I enjoy working here.

986

:

But the companies will like, yeah,

but we don't need you at all.

987

:

so they're gonna create these shifts

because the, the country, the president,

988

:

the whomever isn't gonna let all the

companies just fire all the employees.

989

:

Because it would, and here's

the interesting thing.

990

:

I do think AI could

create 50% unemployment.

991

:

It could be that bad.

992

:

It really could.

993

:

I don't think that they're

going to allow that.

994

:

I think there'll be lobbies and there'll

be, regulations that will come in place

995

:

and saying, Hey, you can't do this.

996

:

And if you do this, then you

have to take this money and put

997

:

it into this fund of some kind.

998

:

And you gotta use this fund to invest

into the markets for kids or for

999

:

children or for people who have lost

their job because of whatever software

:

00:43:41,876 --> 00:43:43,436

program or AI or whatever the case is.

:

00:43:44,216 --> 00:43:47,006

And so I don't think it'll create an

economic collapse, that's just my belief.

:

00:43:47,006 --> 00:43:49,956

But I do believe that, we will

need the right leadership in place.

:

00:43:50,286 --> 00:43:54,886

And more importantly, I also think

that you're gonna need some, some

:

00:43:54,886 --> 00:43:58,006

visionaries to be a part of this, to

kind of navigate the country and allow

:

00:43:58,006 --> 00:44:02,026

them to know that, hey, as a country,

we've been working too long for money.

:

00:44:02,386 --> 00:44:04,396

And now it's time for money

to be working for you.

:

00:44:04,426 --> 00:44:06,226

And you need to create, and

you need to build, and you

:

00:44:06,226 --> 00:44:08,146

become a legacy human being.

:

00:44:08,146 --> 00:44:14,536

That that is ultra remarkable and

incredible and loving and kind

:

00:44:14,536 --> 00:44:16,876

and generous, and people like

to be with you and talk to you.

:

00:44:16,876 --> 00:44:21,356

And that create that person

more of those people, and then

:

00:44:21,356 --> 00:44:22,406

the country becomes better.

:

00:44:22,816 --> 00:44:23,201

Dave: I like it.

:

00:44:23,976 --> 00:44:24,336

Jerremy: Yeah.

:

00:44:25,336 --> 00:44:25,636

Dope.

:

00:44:26,511 --> 00:44:27,261

Dave: I like it.

:

00:44:27,561 --> 00:44:28,086

Where we at?

:

00:44:28,576 --> 00:44:29,476

Jerremy: just some general thoughts.

:

00:44:29,706 --> 00:44:29,926

Dave: Oh,

:

00:44:29,986 --> 00:44:30,526

Jerremy: general thoughts.

:

00:44:30,951 --> 00:44:31,051

Dave: love it.

:

00:44:31,156 --> 00:44:36,146

Jerremy: the gr the Great Resignation

or the Great Stay, the pandemic

:

00:44:36,146 --> 00:44:40,166

permanently shifted workers, psychology

workers have leverage, expect

:

00:44:40,166 --> 00:44:43,676

flexibility, we'll leave for better

conditions held by popular media.

:

00:44:43,676 --> 00:44:46,136

Some HR professionals work

in strong labor markets.

:

00:44:47,136 --> 00:44:49,746

and then the Great resignation and

over quit rates have plummeted.

:

00:44:49,746 --> 00:44:53,616

% of employees in:

anxiety about losing their jobs.

:

00:44:54,616 --> 00:44:55,486

this one's interesting man.

:

00:44:55,486 --> 00:44:58,306

Essentially like, are people

going to stay in their positions

:

00:44:58,306 --> 00:44:59,446

because they have so much debt?

:

00:44:59,476 --> 00:45:01,706

That's really the question, right?

:

00:45:01,706 --> 00:45:04,466

Really the question is like, I can't

lose my job 'cause I can't afford to,

:

00:45:04,691 --> 00:45:05,041

Dave: Right.

:

00:45:06,041 --> 00:45:06,926

Jerremy: like, that's it.

:

00:45:07,406 --> 00:45:09,146

I can't quit my job

'cause I can't afford to.

:

00:45:10,091 --> 00:45:13,901

I believe that this puts this podcast

and a lot of my material and everything

:

00:45:13,901 --> 00:45:17,771

I want to create for this country

in the forefront, because ladies and

:

00:45:17,771 --> 00:45:20,081

gentlemen, that's going to happen.

:

00:45:21,081 --> 00:45:25,051

You going to have to shift

your employment, your form of

:

00:45:25,051 --> 00:45:26,911

employment in less than five years.

:

00:45:26,911 --> 00:45:27,331

Dave: Mm-hmm.

:

00:45:27,571 --> 00:45:29,851

Jerremy: If you're listening to

this podcast, your, your job will

:

00:45:29,851 --> 00:45:32,941

probably shift, it'll probably

change, it'll probably alter.

:

00:45:33,271 --> 00:45:33,491

Dave: Yep.

:

00:45:33,751 --> 00:45:37,591

Jerremy: And if that happens, which

it, it will, or a very high degree of

:

00:45:37,591 --> 00:45:43,331

certainty, like 80% likelihood, you'll

need the ability to be flexible, to

:

00:45:43,331 --> 00:45:45,311

shift, to learn, to create more value.

:

00:45:45,611 --> 00:45:49,031

And you need the financial stability,

the financial acumen, and you need

:

00:45:49,031 --> 00:45:53,081

to lock in as a 20-year-old, say

for a period of time to just make

:

00:45:53,081 --> 00:45:54,311

sure that your financial house is

:

00:45:54,361 --> 00:45:54,781

Dave: Mm-hmm.

:

00:45:54,851 --> 00:45:58,151

Jerremy: you have liquidity, you have

access to that liquidity, you know how

:

00:45:58,151 --> 00:46:00,941

to access that liquidity and why, and

how to move it and how to capitalize

:

00:46:00,941 --> 00:46:03,856

on it, and how to shift it and how

to invest it and how to actually.

:

00:46:04,856 --> 00:46:09,956

Be in a position where you can move

jobs, you can move cities, you can move

:

00:46:09,956 --> 00:46:11,216

to potentially a different country.

:

00:46:11,426 --> 00:46:15,716

You can go online or offline at a moment's

notice to create income for your family

:

00:46:15,716 --> 00:46:22,176

because it is gonna shift and every single

person listening is going to need to be

:

00:46:22,206 --> 00:46:26,736

very, very good at understanding money and

:

00:46:26,786 --> 00:46:27,026

Dave: Yeah.

:

00:46:27,746 --> 00:46:28,046

Yeah.

:

00:46:28,356 --> 00:46:29,376

Jerremy: And I like how

you said that earlier.

:

00:46:29,376 --> 00:46:31,326

Like if you're in a position in

your business where you're in,

:

00:46:31,386 --> 00:46:32,556

you're in touch with the money.

:

00:46:33,556 --> 00:46:34,246

Good.

:

00:46:34,446 --> 00:46:35,226

Dave: Close to money.

:

00:46:35,416 --> 00:46:35,746

Jerremy: Become

:

00:46:35,826 --> 00:46:36,066

Dave: Yep.

:

00:46:36,166 --> 00:46:36,376

Jerremy: it.

:

00:46:36,546 --> 00:46:36,816

Dave: Yep.

:

00:46:36,826 --> 00:46:37,216

Jerremy: better at it.

:

00:46:37,246 --> 00:46:39,316

'cause there's gonna be more

money coming in and there's

:

00:46:39,316 --> 00:46:40,456

gonna be more jobs going away.

:

00:46:41,456 --> 00:46:41,876

Dave: Yeah.

:

00:46:41,876 --> 00:46:42,356

I,

:

00:46:43,356 --> 00:46:45,366

so I'm, I'm, I'm of a

couple of minds here.

:

00:46:45,366 --> 00:46:48,276

One of them is, like companies

are gonna be able to do a lot more

:

00:46:48,486 --> 00:46:52,106

with, so like, if, if they add more

people, they're gonna be doing a lot.

:

00:46:52,196 --> 00:46:55,656

So, like, there's, companies are

gonna be able to grow the pie, not

:

00:46:55,656 --> 00:46:57,186

necessarily shrink the workforce.

:

00:46:57,546 --> 00:47:01,926

Companies that are shrinking their

workforce are either restructuring, right?

:

00:47:01,926 --> 00:47:05,886

Like they're, they're, they're

saying, hey, or, they are,

:

00:47:05,946 --> 00:47:07,536

shrinking for other reasons, right?

:

00:47:07,646 --> 00:47:10,496

But if a company is doing what

a company does best, which is

:

00:47:10,496 --> 00:47:12,146

like, okay, let's go kill it.

:

00:47:12,146 --> 00:47:14,696

Let's go bigger, better, stronger, faster.

:

00:47:14,946 --> 00:47:17,706

like they're gonna need all

the people they get and they're

:

00:47:17,706 --> 00:47:18,996

gonna need AI on top of it.

:

00:47:19,056 --> 00:47:23,716

So like there's a, I think you're

a hundred percent right that

:

00:47:23,716 --> 00:47:25,066

everybody listening to this.

:

00:47:25,786 --> 00:47:29,656

If you are working for a living,

your job is going to change.

:

00:47:29,716 --> 00:47:33,016

And it is very unclear as

to what that's going to be.

:

00:47:33,016 --> 00:47:36,616

And that's a certain amount of anxiety

is going to be, wrapped up around that.

:

00:47:36,976 --> 00:47:40,846

And you do have to have

your, your house in order.

:

00:47:40,896 --> 00:47:44,116

like it is not only just, making

sure that your financial life is in

:

00:47:44,116 --> 00:47:45,886

order, but also that your health.

:

00:47:46,136 --> 00:47:49,346

Is, is a set your, your

relationships are set.

:

00:47:49,616 --> 00:47:52,826

You have the connections into

your community, into your family.

:

00:47:53,096 --> 00:47:57,746

Like those are the things that successful

people have that unsuccessful people

:

00:47:57,746 --> 00:48:03,866

don't have, which is a strong sense of

community, family love in their lives.

:

00:48:03,866 --> 00:48:07,286

Like, those connections are the

things that get anybody through.

:

00:48:07,556 --> 00:48:11,056

So, and making sure that you're,

not putting garbage in your

:

00:48:11,056 --> 00:48:12,756

mouth that you're, staying fit.

:

00:48:12,756 --> 00:48:15,336

Because as soon as something

goes wrong, like all of your

:

00:48:15,336 --> 00:48:16,476

attention's gonna go to that.

:

00:48:16,926 --> 00:48:22,946

So, just steal yourself is, is, and, and

be strong, and the plan B will develop.

:

00:48:23,456 --> 00:48:24,146

That's what I got.

:

00:48:24,476 --> 00:48:24,896

Jerremy: Yeah.

:

00:48:25,286 --> 00:48:26,006

Yeah, totally.

:

00:48:26,396 --> 00:48:29,346

And we're gonna, we're, there's some

of the big changes will need to be made

:

00:48:29,346 --> 00:48:34,426

too, are gonna be tax code related,

pension related, investing related,

:

00:48:34,426 --> 00:48:36,796

which I'm gonna be interested, I'm very

interested to see how it's gonna change.

:

00:48:36,796 --> 00:48:38,056

Because again, think

about it this way, right?

:

00:48:38,056 --> 00:48:39,766

If you're a company and

you have less employees,

:

00:48:40,126 --> 00:48:40,396

Dave: Yep.

:

00:48:41,396 --> 00:48:43,866

Jerremy: who are you

paying a pension to now?

:

00:48:44,676 --> 00:48:48,756

a government, allowing all these

companies to make all this money, and

:

00:48:48,756 --> 00:48:50,226

the middle class is getting murdered.

:

00:48:50,666 --> 00:48:50,936

Dave: Right

:

00:48:51,366 --> 00:48:56,856

Jerremy: So again, back to the

awareness of some version or some

:

00:48:56,856 --> 00:49:04,636

form of getting everyone imaginable

to be invested and very intrigued

:

00:49:04,636 --> 00:49:05,776

in the stock market's gonna be.

:

00:49:05,776 --> 00:49:07,876

So in crucially, so crucial, man.

:

00:49:08,356 --> 00:49:10,276

So crucial because companies

will make more money.

:

00:49:10,276 --> 00:49:12,886

The profits will go up, the

revenues will go up, the margins

:

00:49:12,886 --> 00:49:16,906

will increase, they'll become even

more profitable with less people.

:

00:49:17,906 --> 00:49:21,386

Therefore, we, we need to go invest

in these companies because they're

:

00:49:21,386 --> 00:49:23,306

gonna become bigger and better

and more and more profitable.

:

00:49:23,611 --> 00:49:26,101

Dave: Well, here's the other side

of this is that these companies

:

00:49:26,101 --> 00:49:30,031

also have to have somebody to sell

their goods and services to, right?

:

00:49:30,141 --> 00:49:30,561

Jerremy: Mm-hmm.

:

00:49:30,601 --> 00:49:34,441

Dave: if the people that they sell

their, their goods and services to

:

00:49:34,441 --> 00:49:39,021

are being replaced, in the, in the

restructuring of the economy, then

:

00:49:39,291 --> 00:49:41,511

your product market fit is broken.

:

00:49:41,571 --> 00:49:42,931

So, it's

:

00:49:43,016 --> 00:49:44,306

Jerremy: no money for your product.

:

00:49:44,851 --> 00:49:48,821

Dave: I mean, people are gonna stop

buying it, like people still buy buy

:

00:49:48,821 --> 00:49:52,481

records, but it's not gonna, you're not

gonna make a, make a, a killing on it,

:

00:49:52,581 --> 00:49:53,031

Jerremy: Yeah.

:

00:49:53,451 --> 00:49:53,811

Yeah.

:

00:49:54,501 --> 00:49:56,361

It's gonna be so fun to

see how it changes, man.

:

00:49:56,421 --> 00:49:57,291

It really will.

:

00:49:57,291 --> 00:49:57,861

But I mean,

:

00:49:57,896 --> 00:49:58,516

Dave: That's one word for it.

:

00:49:59,121 --> 00:49:59,391

Jerremy: yeah.

:

00:49:59,391 --> 00:50:05,181

But 4 0 1 Ks pensions, like those

are, those are going to need to shift.

:

00:50:05,481 --> 00:50:07,281

I mean by, by:

:

00:50:07,491 --> 00:50:12,681

So not that, that long ago, 15%

of private industry workers had

:

00:50:12,681 --> 00:50:14,541

access to a defined benefit plan.

:

00:50:14,991 --> 00:50:19,101

The financial contract between

employer and employee had a big shift.

:

00:50:20,121 --> 00:50:24,291

retirement risk, if not all retirement

risk transferred to individuals.

:

00:50:24,741 --> 00:50:29,871

So the company no longer has to have any

retirement safety for their employees.

:

00:50:29,871 --> 00:50:30,231

Right.

:

00:50:30,661 --> 00:50:33,116

the company, company stopped

guaranteeing the future.

:

00:50:33,996 --> 00:50:34,296

Dave: Yep.

:

00:50:34,621 --> 00:50:38,101

Jerremy: And that caused a big

decline in employee loyalty.

:

00:50:38,491 --> 00:50:41,821

And again, I'm all for jobs, right?

:

00:50:41,821 --> 00:50:44,521

Keep that in mind for people who are,

are working in jobs, I'm all for it.

:

00:50:44,566 --> 00:50:47,221

I, I would love for our

companies to take care to take

:

00:50:47,221 --> 00:50:49,741

better care of their employees.

:

00:50:49,741 --> 00:50:55,691

But the commonly misattributed, the

401k is presented as like a deliberate

:

00:50:55,691 --> 00:50:57,851

policy to help workers build wealth.

:

00:50:58,151 --> 00:51:00,911

But it was originally a corporate

cost savings opportunity built

:

00:51:00,911 --> 00:51:02,651

on an accidental tax provision.

:

00:51:02,871 --> 00:51:03,161

Dave: Yeah.

:

00:51:03,221 --> 00:51:09,851

Jerremy: And so it is the only

way now, that 85% of people

:

00:51:09,851 --> 00:51:10,961

are saving for their future.

:

00:51:10,961 --> 00:51:14,621

It's like, oh, I got a 401k, and

they don't contribute to it enough.

:

00:51:15,621 --> 00:51:15,951

Right?

:

00:51:15,951 --> 00:51:17,481

It's way undervalued.

:

00:51:17,481 --> 00:51:22,611

And the average 401k right now in the

United States of America is $97,369.

:

00:51:23,121 --> 00:51:23,341

Dave: Oof.

:

00:51:24,276 --> 00:51:25,236

Jerremy: That is not good.

:

00:51:25,866 --> 00:51:29,916

And that's the only real

retirement that the vast majority

:

00:51:29,916 --> 00:51:31,596

of this country puts towards it.

:

00:51:31,596 --> 00:51:34,836

And I, I think that it's again,

something not talked about,

:

00:51:34,836 --> 00:51:35,886

it's not talked about in school.

:

00:51:35,886 --> 00:51:36,966

It's not focused on enough.

:

00:51:36,966 --> 00:51:38,436

It's not determined enough.

:

00:51:38,766 --> 00:51:42,036

But there does need to

be other, other plans.

:

00:51:42,036 --> 00:51:46,746

Like you have traditional IRA and

you have, which you have a max

:

00:51:46,746 --> 00:51:48,186

that you can contribute to a year.

:

00:51:48,516 --> 00:51:52,386

You have a Roth IRA, which you have a

max that you can contribute to a year.

:

00:51:52,686 --> 00:51:56,826

Or if you make too much money,

you can't contribute to it at all.

:

00:51:57,056 --> 00:51:57,446

Dave: Right.

:

00:51:58,446 --> 00:52:00,936

Jerremy: And so there's, there's going

to need to be some other things that

:

00:52:00,936 --> 00:52:04,356

are kind of forced because again,

ultimately if other, if the employee

:

00:52:04,356 --> 00:52:08,646

workforce declines, you're gonna need

a large influx of individuals and

:

00:52:08,646 --> 00:52:12,306

companies and people and, and teams that

help other people learn how to invest.

:

00:52:12,306 --> 00:52:16,416

Know when to invest, know why, to invest,

no where to put it, how to put it, what

:

00:52:16,506 --> 00:52:20,616

buttons suppress, what orders to use so

that it can grow because it needs to,

:

00:52:20,666 --> 00:52:25,896

People are, are going to face extremely

strong financial challenges, in this,

:

00:52:25,896 --> 00:52:27,366

in this little turbulent market shift.

:

00:52:27,366 --> 00:52:28,086

It's, that's coming.

:

00:52:28,116 --> 00:52:30,006

I mean, it's un unequivocally coming.

:

00:52:31,006 --> 00:52:32,071

Dave: That was a big shift.

:

00:52:32,071 --> 00:52:36,181

My, my, my late wife actually, when,

I was going through the estate, she

:

00:52:36,181 --> 00:52:41,991

actually had a, defined, pension, which

I'd never seen because I, I started, she

:

00:52:41,991 --> 00:52:47,341

just happened to be in a, in a field that

still had, pen a, a defined pension plan.

:

00:52:47,821 --> 00:52:52,591

But what was really weird about it,

unlike, like me who had 4 0 1 ks, that's

:

00:52:52,591 --> 00:52:56,031

all I had, that defined, benefits thing.

:

00:52:56,946 --> 00:53:00,366

Paid out like pennies to the

dollar right when she passed.

:

00:53:00,366 --> 00:53:04,656

So it wasn't real money, it was just

like whatever they decided it was.

:

00:53:05,386 --> 00:53:08,266

because at some point they did

transition the company into

:

00:53:08,266 --> 00:53:09,736

like 4 0 1 Ks and got out of it.

:

00:53:09,736 --> 00:53:13,426

And so she, whatever money that

she had, set aside for her that

:

00:53:13,426 --> 00:53:14,536

was now part of the estate.

:

00:53:15,136 --> 00:53:18,656

I, I mean, I think it was

like, 10 or $15,000 that,

:

00:53:18,716 --> 00:53:19,886

that they sent me a check for.

:

00:53:19,886 --> 00:53:23,306

But that's, like that wouldn't

have, it was not much.

:

00:53:23,306 --> 00:53:24,806

It was like 10 or $15,000.

:

00:53:25,191 --> 00:53:25,731

Jerremy: What?

:

00:53:25,796 --> 00:53:26,276

Dave: Right.

:

00:53:26,846 --> 00:53:28,586

Jerremy: I was like, is

that a typo in your voice?

:

00:53:28,586 --> 00:53:29,546

I'm confused.

:

00:53:29,696 --> 00:53:30,626

I'm confused.

:

00:53:31,211 --> 00:53:31,571

dude.

:

00:53:31,961 --> 00:53:32,231

So, yeah,

:

00:53:32,296 --> 00:53:32,926

Dave: so.

:

00:53:32,981 --> 00:53:34,661

Jerremy: had this big

number that was there.

:

00:53:34,691 --> 00:53:35,921

They didn't have to do anything with it.

:

00:53:36,121 --> 00:53:36,451

Dave: No.

:

00:53:36,511 --> 00:53:39,361

Yeah, it is like, Hey, this is worth

hundreds of thousands of dollars,

:

00:53:39,361 --> 00:53:40,711

but here's your $15,000 check.

:

00:53:40,711 --> 00:53:42,061

I'm like, oh, okay, great.

:

00:53:42,211 --> 00:53:43,351

And there's nothing you could do about it.

:

00:53:43,771 --> 00:53:47,041

So I appreciated 4 0 1 Ks because

I didn't know anything better about

:

00:53:47,041 --> 00:53:49,621

it, but I, what I didn't know until

actually looking at this, that it was

:

00:53:49,621 --> 00:53:52,021

never meant to be a retirement thing.

:

00:53:52,071 --> 00:53:55,611

like we pitch it as a 401k

is actually the tax code.

:

00:53:55,611 --> 00:53:56,361

That's what that means.

:

00:53:56,361 --> 00:54:03,081

I had no idea that 401k is, if you

looked up the, the, the 401k section of

:

00:54:03,081 --> 00:54:09,021

the tax code, it would say this, like,

no, it's not, it's not for retirement.

:

00:54:09,501 --> 00:54:10,521

It's a tax thing.

:

00:54:10,906 --> 00:54:11,681

Jerremy: yeah, yeah,

:

00:54:11,736 --> 00:54:15,646

Dave: And, it was meant for people

who had like options and, and,

:

00:54:15,646 --> 00:54:17,026

it was for senior leadership.

:

00:54:17,026 --> 00:54:19,246

It wasn't meant to be what

everything everybody does.

:

00:54:19,276 --> 00:54:24,676

And then when I got my 401k, like

they, they did a pretty generous match.

:

00:54:24,676 --> 00:54:28,066

And so I maxed it out every

year, but you could max it out.

:

00:54:28,066 --> 00:54:28,906

But that was it.

:

00:54:29,316 --> 00:54:30,396

there was no extra money.

:

00:54:30,396 --> 00:54:33,576

And then I had to invest

into the companies that

:

00:54:33,576 --> 00:54:34,716

they said I could invest in.

:

00:54:34,716 --> 00:54:36,666

Like, there was like

six brokerages, right?

:

00:54:37,536 --> 00:54:41,316

so I, I don't know what 4 0 1 Ks are

today, but I think if, if people are

:

00:54:41,316 --> 00:54:46,316

counting it on them as retirement, I

think that that's, that's, who you know.

:

00:54:46,316 --> 00:54:47,576

And what were you just saying?

:

00:54:47,606 --> 00:54:49,196

Most people aren't even

contributing to 'em.

:

00:54:49,286 --> 00:54:52,256

So if they're not even contributing

to 'em, then you got social

:

00:54:52,256 --> 00:54:54,836

security, which is God only knows,

:

00:54:55,866 --> 00:54:56,916

Jerremy: God knows dude.

:

00:54:56,946 --> 00:54:57,756

That's exactly right.

:

00:54:57,756 --> 00:54:58,896

With Social Security, I

:

00:54:59,036 --> 00:55:02,916

Dave: And you can only work so

long, or, you, you can technically

:

00:55:02,916 --> 00:55:06,186

work forever until, something

comes up and says, no, you can't.

:

00:55:07,186 --> 00:55:11,086

Jerremy: yeah, if I'm being honest, I

don't even know if I'm gonna get, like,

:

00:55:12,086 --> 00:55:14,841

I don't even know if I'm, I'm eligible

to get Social Security in 30 years.

:

00:55:14,841 --> 00:55:15,801

I don't even know what it is.

:

00:55:15,886 --> 00:55:19,041

I, I am so assuming that it's

not gonna happen for me, that

:

00:55:19,041 --> 00:55:20,451

it's not even in my wheelhouse.

:

00:55:20,561 --> 00:55:23,561

Dave: You might not have

worked long enough in a W2 job.

:

00:55:24,261 --> 00:55:25,401

Jerremy: Promise, unemployable.

:

00:55:26,231 --> 00:55:27,761

Dave: Well, no, you were

doing your own thing.

:

00:55:27,761 --> 00:55:31,226

Like you had to be in a W2 job

for I think five or six years,

:

00:55:31,226 --> 00:55:31,931

and then you get the minimum.

:

00:55:31,961 --> 00:55:34,751

You, you should get a, benefits

if you go into Social Security.

:

00:55:35,061 --> 00:55:35,571

Jerremy: I got five

:

00:55:35,861 --> 00:55:36,251

Dave: Okay.

:

00:55:36,251 --> 00:55:36,791

All right.

:

00:55:37,011 --> 00:55:37,041

Jerremy: I

:

00:55:37,271 --> 00:55:39,611

Dave: Go to social security.gov.

:

00:55:40,221 --> 00:55:41,901

Jerremy: how 412 years old?

:

00:55:42,176 --> 00:55:44,846

Dave: you can get your, you can get

your, whatever it is you're, you're

:

00:55:44,876 --> 00:55:49,186

eligible for, you just go onto the social

security website and, request your, your,

:

00:55:49,186 --> 00:55:49,786

Jerremy: Pumped.

:

00:55:50,001 --> 00:55:51,001

Dave: your, data.

:

00:55:51,091 --> 00:55:53,721

And you can see it'll actually

say how much you made, and, the

:

00:55:53,721 --> 00:55:54,981

year and how much social security.

:

00:55:54,981 --> 00:55:55,251

Yeah.

:

00:55:55,641 --> 00:55:57,711

Not that any of it's funded, but

:

00:55:57,761 --> 00:55:58,211

Jerremy: right?

:

00:55:58,271 --> 00:55:58,541

Yeah.

:

00:55:58,541 --> 00:56:04,811

Don't, let's not mention that the US has

$145 trillion of unfunded liabilities.

:

00:56:04,811 --> 00:56:08,831

They've conley, I don't even

know what, 145 trillion, I don't

:

00:56:08,831 --> 00:56:09,851

even know what a trillion is.

:

00:56:09,851 --> 00:56:10,061

I'm

:

00:56:10,066 --> 00:56:10,456

Dave: I,

:

00:56:10,571 --> 00:56:12,461

Jerremy: my way, figuring

out what a billion is.

:

00:56:12,466 --> 00:56:15,166

Dave: I'll tell you, you wanna

hear, you wanna hear It is,

:

00:56:15,191 --> 00:56:16,211

Jerremy: million millions.

:

00:56:16,306 --> 00:56:17,056

Dave: can do the math.

:

00:56:17,056 --> 00:56:18,076

I, I, let me,

:

00:56:18,131 --> 00:56:18,551

Jerremy: I get it.

:

00:56:18,551 --> 00:56:18,731

It's

:

00:56:18,766 --> 00:56:21,046

Dave: I'm a visually Okay.

:

00:56:21,731 --> 00:56:23,321

Jerremy: Unparallel large.

:

00:56:23,326 --> 00:56:26,446

Dave: You probably have a hundred

dollars bill in your pocket right now.

:

00:56:26,716 --> 00:56:27,046

Right?

:

00:56:27,556 --> 00:56:30,016

So you get a stack of those, right?

:

00:56:30,526 --> 00:56:36,186

And then you get enough stacks of

those to create an 11 story building.

:

00:56:36,816 --> 00:56:40,386

11 stories up, 11 stories cube.

:

00:56:40,561 --> 00:56:41,011

Jerremy: stories.

:

00:56:41,011 --> 00:56:42,721

I think you're, you're an 11 story almost.

:

00:56:42,751 --> 00:56:43,441

'cause you're in a penthouse.

:

00:56:43,441 --> 00:56:43,861

'cause you're rich.

:

00:56:43,861 --> 00:56:44,341

Keep going.

:

00:56:44,701 --> 00:56:46,416

Dave: I'm a am on, I am on the 12th floor.

:

00:56:46,416 --> 00:56:46,656

Yeah.

:

00:56:46,891 --> 00:56:47,041

Jerremy: There you

:

00:56:47,046 --> 00:56:49,626

All right, so we're, we're at

Dave, we're at Dave's house

:

00:56:49,691 --> 00:56:50,321

Dave: it's a.

:

00:56:50,346 --> 00:56:51,276

Jerremy: A hundred dollars bills.

:

00:56:51,356 --> 00:56:52,136

Dave: Block.

:

00:56:52,406 --> 00:56:57,146

so a billion dollars is about your living

room full of, of a hundred dollars bills.

:

00:56:57,176 --> 00:56:58,346

It's a, it's like a living room.

:

00:56:58,346 --> 00:56:59,456

It's like 40, like 24.

:

00:56:59,456 --> 00:57:00,956

That's a billion dollars.

:

00:57:01,226 --> 00:57:06,056

A trillion is an 11 story building

of a hundred dollars bills.

:

00:57:06,236 --> 00:57:07,016

That's one.

:

00:57:07,496 --> 00:57:10,766

Right now, the current

US debt is 40 of those.

:

00:57:10,796 --> 00:57:14,786

I mean, that's like the biggest

building that you could conceive of.

:

00:57:14,786 --> 00:57:20,366

That's one of those Abu Dhabi like, like

buildings, two of 'em stacked together.

:

00:57:20,496 --> 00:57:22,116

like the biggest things

that you can imagine.

:

00:57:22,116 --> 00:57:25,376

Imagine they're made outta a hundred

dollars bills and that's, 40 trillion.

:

00:57:25,376 --> 00:57:27,566

It's unimaginable.

:

00:57:28,026 --> 00:57:29,376

Jerremy: Crazy dude.

:

00:57:29,411 --> 00:57:32,951

Dave: I am like, well, this, this

whole thing isn't about, national debt.

:

00:57:32,981 --> 00:57:34,211

We'll, we'll get back to that one.

:

00:57:34,211 --> 00:57:37,631

We did a, we did it for, for those

listening, we did a test broadcast

:

00:57:37,631 --> 00:57:40,391

on national debt, or I don't know if

we sent it out or not, but we had,

:

00:57:40,566 --> 00:57:40,656

Jerremy: we

:

00:57:40,751 --> 00:57:46,431

Dave: we had the craziest, coolest cast

of characters, just like back and forth.

:

00:57:46,431 --> 00:57:48,951

And it's like crypto and like,

we talk about everything.

:

00:57:48,951 --> 00:57:50,061

It's like, oh God, I,

:

00:57:50,086 --> 00:57:52,876

Jerremy: people argue about their

plane, the size of their jets.

:

00:57:53,116 --> 00:57:54,706

It was a great convo.

:

00:57:54,736 --> 00:57:55,696

Great convo.

:

00:57:55,696 --> 00:57:55,906

So

:

00:57:56,061 --> 00:57:59,691

Dave: it's very relatable

how big my bb j is.

:

00:57:59,691 --> 00:58:01,881

it's like, well, what about helicopters?

:

00:58:01,881 --> 00:58:03,801

And I'm like, oh God, really?

:

00:58:04,801 --> 00:58:05,341

Jerremy: yeah.

:

00:58:05,406 --> 00:58:05,706

Dave: guy.

:

00:58:06,706 --> 00:58:07,786

Oh, I've lost the thread.

:

00:58:07,816 --> 00:58:10,706

ladies and gentlemen, we are

looking at a, all of our research

:

00:58:10,706 --> 00:58:14,336

on this, which I'll be sending out

to everybody in, in, social media.

:

00:58:14,481 --> 00:58:14,781

Jerremy: Yeah, that'd be

:

00:58:14,786 --> 00:58:15,326

Dave: But,

:

00:58:15,326 --> 00:58:16,046

Jerremy: that link.

:

00:58:16,591 --> 00:58:18,241

Dave: where, where are we?

:

00:58:18,866 --> 00:58:20,216

Jerremy: Let's pop down to section six.

:

00:58:20,216 --> 00:58:21,476

I'm just pouncing around man.

:

00:58:21,511 --> 00:58:22,291

Dave: Yeah, cool.

:

00:58:22,376 --> 00:58:26,066

Jerremy: policy of landscape, talking

about like apprenticeship expansion,

:

00:58:26,306 --> 00:58:28,466

trying to figure out what the heck

the Department of Labor's doing, if

:

00:58:28,466 --> 00:58:29,756

they're gonna be doing anything at all.

:

00:58:30,756 --> 00:58:32,696

Dave: Yeah, this was, this

was like current stuff.

:

00:58:32,696 --> 00:58:33,416

What's going on?

:

00:58:33,476 --> 00:58:36,036

So here's the thing.

:

00:58:36,086 --> 00:58:39,321

department of Labor, they have

$145 million pay for performance

:

00:58:39,321 --> 00:58:40,321

incentive payments program.

:

00:58:40,701 --> 00:58:40,921

Wow.

:

00:58:41,021 --> 00:58:42,121

Say that five times fast.

:

00:58:42,531 --> 00:58:42,821

Jerremy: Yeah.

:

00:58:43,021 --> 00:58:44,521

Dave: And that's all for apprenticeships.

:

00:58:45,216 --> 00:58:51,096

like in ship building, semiconductor

it, healthcare sounds great, right?

:

00:58:52,096 --> 00:58:58,196

But, political shenanigans is like,

we're going to, like scoop this up into

:

00:58:58,196 --> 00:59:02,656

the, the build back better and the make

America skilled again and all this stuff.

:

00:59:02,836 --> 00:59:03,946

They zeroed it out.

:

00:59:04,351 --> 00:59:04,641

Jerremy: Yeah.

:

00:59:04,846 --> 00:59:06,256

Dave: it's like, thanks.

:

00:59:06,526 --> 00:59:09,586

So nobody really knows, like

the total Workforce training

:

00:59:09,586 --> 00:59:11,026

authority has dropped from 3.9

:

00:59:11,026 --> 00:59:13,876

billion to 3 billion, yada, yada, yada.

:

00:59:13,876 --> 00:59:17,436

But if anything that we've seen

politically in this, in this

:

00:59:17,436 --> 00:59:21,426

administration is that they love the

headlines, but when it gets down to

:

00:59:21,426 --> 00:59:27,366

actual implementation of things, the, they

lack a skillset of effective governing.

:

00:59:27,366 --> 00:59:31,956

So they'll say great things and people

will get excited about them, but then.

:

00:59:32,841 --> 00:59:35,511

When the rubber meets the road, it's

like, okay, what does this mean?

:

00:59:35,571 --> 00:59:38,691

Like, I remember, Trump talking

about like, Harvard's going to do

:

00:59:38,691 --> 00:59:41,961

a trade school and you can get your

plumbing, certification from Harvard.

:

00:59:41,961 --> 00:59:44,691

And I'm like, I don't think anybody

who does plumbing would give a

:

00:59:44,691 --> 00:59:50,511

shit, but so like, this sounds

good, but I don't think it's real.

:

00:59:50,561 --> 00:59:52,661

like until we're, until.

:

00:59:53,211 --> 00:59:54,141

Results matter.

:

00:59:54,171 --> 00:59:59,711

And until I see that, that, every

trades person who wants to be a trades

:

00:59:59,711 --> 01:00:04,041

person can get their, their trades

training, and we're pumping 'em out

:

01:00:04,101 --> 01:00:08,121

and there aren't any, constraints

for people who wanna build things.

:

01:00:08,481 --> 01:00:09,771

I'm like, that's working.

:

01:00:09,831 --> 01:00:11,481

But right now we know it's not working.

:

01:00:11,541 --> 01:00:11,841

Right.

:

01:00:11,841 --> 01:00:15,581

Like, there are plenty of, of, people

that you and I know that are like, Hey,

:

01:00:15,581 --> 01:00:18,251

I, I can't get skilled trades people.

:

01:00:18,401 --> 01:00:20,411

Now part of that is

also immigration, right?

:

01:00:20,841 --> 01:00:23,991

they got a lot clipped out from

underneath them with, with all of

:

01:00:23,991 --> 01:00:25,851

the, the immigration enforcement.

:

01:00:26,391 --> 01:00:29,421

But the other part of this is like,

well, what's the reality of this?

:

01:00:29,451 --> 01:00:34,261

If we're trading, if we're training up

new tradespeople, are we gonna fund it?

:

01:00:34,291 --> 01:00:35,101

I don't think we are.

:

01:00:36,101 --> 01:00:36,221

I.

:

01:00:36,336 --> 01:00:39,006

Jerremy: And not only that, but

like also kind of in a way, like

:

01:00:39,006 --> 01:00:40,776

how the heck are we funding it?

:

01:00:40,896 --> 01:00:42,066

I'm still over here.

:

01:00:42,396 --> 01:00:46,756

I mean, again, excited to talk about

it later, but how are we giving

:

01:00:46,756 --> 01:00:48,886

money to people when we have none?

:

01:00:48,976 --> 01:00:50,986

We have, we have so many negative monies.

:

01:00:51,016 --> 01:00:52,396

Like here's more.

:

01:00:52,596 --> 01:00:52,956

Dave: Right.

:

01:00:53,026 --> 01:00:55,756

Jerremy: one, the one big beautiful

bill right, was signed in, I

:

01:00:55,756 --> 01:00:57,406

think July 4th of last year.

:

01:00:57,546 --> 01:00:57,846

Dave: Yeah.

:

01:00:58,116 --> 01:01:02,736

Jerremy: it included Pell Grants,

like Workforce, Pell Grants, and

:

01:01:02,816 --> 01:01:03,446

Dave: Sounds good.

:

01:01:03,546 --> 01:01:04,536

Jerremy: year, right?

:

01:01:04,536 --> 01:01:05,796

July of:

:

01:01:06,086 --> 01:01:06,476

Dave: Yeah,

:

01:01:06,681 --> 01:01:10,221

Jerremy: They can get, I mean, tons of

programs can get as short as eight weeks

:

01:01:10,221 --> 01:01:12,021

could qualify for federal Pell funding.

:

01:01:13,021 --> 01:01:14,311

Dave: which sounds great, right?

:

01:01:14,311 --> 01:01:18,991

Like these, these certifications,

these like, like it goes to a lot

:

01:01:19,021 --> 01:01:21,071

of, of like, hands-on training,

:

01:01:21,666 --> 01:01:22,056

Jerremy: what

:

01:01:22,161 --> 01:01:26,151

Dave: phlebotomist, like anything you

need, list certification programs.

:

01:01:26,151 --> 01:01:27,201

It's like you can get a Pell Grant.

:

01:01:27,321 --> 01:01:28,071

That sounds great.

:

01:01:28,071 --> 01:01:28,791

That's just free money.

:

01:01:29,791 --> 01:01:30,571

Jerremy: Who, from who?

:

01:01:31,381 --> 01:01:32,221

does sound like that's the

:

01:01:32,376 --> 01:01:33,096

Dave: Well, okay.

:

01:01:33,571 --> 01:01:33,871

Jerremy: Yeah.

:

01:01:33,931 --> 01:01:36,331

Anyway, I'm, I'm still,

who's giving you the money?

:

01:01:37,266 --> 01:01:38,826

Dave: It's always priorities.

:

01:01:38,826 --> 01:01:42,326

Like we're spending a billion dollars

a day, shooting off, fireworks

:

01:01:42,326 --> 01:01:45,766

in the Middle East, rather than,

anything in the United States.

:

01:01:45,766 --> 01:01:47,431

But that's, that's neither here nor there.

:

01:01:47,861 --> 01:01:51,011

Jerremy: please tell me that you've

seen this Twitter post where it's

:

01:01:51,011 --> 01:01:53,326

like the government telling me to.

:

01:01:54,101 --> 01:01:58,271

Drink with Plat, drink with paper

straws so that I don't hurt the economy.

:

01:01:58,631 --> 01:02:01,991

Also, the government there

was that huge cloud from

:

01:02:02,401 --> 01:02:02,901

Dave: Oh, right.

:

01:02:03,651 --> 01:02:06,641

This horrible, nightmare that Oh yeah.

:

01:02:06,891 --> 01:02:07,681

Jerremy: yeah, yeah, yeah.

:

01:02:07,681 --> 01:02:08,541

It is a nightmare.

:

01:02:08,581 --> 01:02:08,801

Dave: Oh

:

01:02:08,931 --> 01:02:09,471

Jerremy: cloud

:

01:02:09,701 --> 01:02:09,921

Dave: God.

:

01:02:10,281 --> 01:02:13,041

Jerremy: oil just straight up

into the stratosphere and they're

:

01:02:13,041 --> 01:02:15,321

like, drink from paper straws.

:

01:02:15,971 --> 01:02:19,631

Dave: So that's the thing,

my, my, I'm gonna let my inner

:

01:02:19,631 --> 01:02:21,011

hate come out a little bit.

:

01:02:21,011 --> 01:02:21,881

the, the, the.

:

01:02:21,966 --> 01:02:22,326

Jerremy: a little bit.

:

01:02:22,676 --> 01:02:24,746

Dave: Baby boomers, they're just demons.

:

01:02:24,806 --> 01:02:34,736

they have extracted so much, have given

so little and will, will upend the en

:

01:02:34,946 --> 01:02:40,976

the entire world and never do anything

to say, how are we gonna pay for this?

:

01:02:41,186 --> 01:02:48,006

But as soon, as soon as you're like,

well, maybe we shouldn't have 70% of the

:

01:02:48,006 --> 01:02:53,476

children born in the United States on

Medicaid, like, doesn't make any sense.

:

01:02:53,756 --> 01:02:56,096

as soon as we say that, they're like,

well, how are we gonna pay for that?

:

01:02:56,096 --> 01:02:59,906

How are we gonna pay for, how insurance,

like, well, how are we paying for

:

01:02:59,906 --> 01:03:02,666

these fucking missiles is my question.

:

01:03:02,906 --> 01:03:03,716

And it's like, look.

:

01:03:04,316 --> 01:03:04,526

It.

:

01:03:04,916 --> 01:03:09,836

These guys should be last in line,

a trillion dollars into our, and

:

01:03:10,016 --> 01:03:15,086

they're gonna put put forth $50

billion more in special spending.

:

01:03:15,086 --> 01:03:17,636

I'm like, no, no, no.

:

01:03:17,696 --> 01:03:18,626

Use the money you got.

:

01:03:18,676 --> 01:03:20,686

like it's bonkers.

:

01:03:20,686 --> 01:03:23,446

Nobody says, how are

we going to send them?

:

01:03:23,506 --> 01:03:23,836

Send 'em.

:

01:03:23,836 --> 01:03:24,946

Go, go, go.

:

01:03:24,946 --> 01:03:25,726

And I'm like, these

:

01:03:25,736 --> 01:03:26,221

Jerremy: They're excited.

:

01:03:26,566 --> 01:03:27,886

Dave: boomers are killing me.

:

01:03:27,946 --> 01:03:28,906

They're killing all of us.

:

01:03:29,991 --> 01:03:30,281

Jerremy: It's

:

01:03:30,406 --> 01:03:31,156

Wild dude.

:

01:03:31,546 --> 01:03:32,086

What a day.

:

01:03:32,226 --> 01:03:32,736

Dave: hmm.

:

01:03:33,076 --> 01:03:33,466

Jerremy: It is.

:

01:03:33,466 --> 01:03:34,516

It is intense.

:

01:03:34,816 --> 01:03:35,986

It is intense.

:

01:03:36,046 --> 01:03:36,616

It's happening.

:

01:03:37,276 --> 01:03:40,486

there's a lot to talk about and I, I

think what's gonna be fun about this

:

01:03:40,486 --> 01:03:44,176

segment and this section is really,

again, diving into all the things,

:

01:03:44,176 --> 01:03:47,806

having some cool AI chats, having

some cool department of labor chats,

:

01:03:47,806 --> 01:03:49,396

department of education discussions.

:

01:03:49,786 --> 01:03:53,206

Who, what, when, where, how

most, most specifically when,

:

01:03:54,206 --> 01:03:55,496

what we can all do about it.

:

01:03:55,556 --> 01:03:59,546

I mean, there are some really

cool tides and some shifts coming.

:

01:03:59,546 --> 01:04:03,566

And again, I, it almost, it's almost

unfortunate that I'm gonna keep

:

01:04:03,566 --> 01:04:08,096

falling back into, these companies are

gonna make so much money, it's almost

:

01:04:08,846 --> 01:04:10,556

illegal for us not to invest in them.

:

01:04:10,896 --> 01:04:11,186

Dave: Yeah,

:

01:04:11,216 --> 01:04:15,456

Jerremy: know, like, like Netflix, a

lot of people are like, oh, Netflix

:

01:04:15,456 --> 01:04:16,926

is gonna get beat up 'cause of ai,

:

01:04:17,546 --> 01:04:17,836

Dave: yeah,

:

01:04:17,916 --> 01:04:18,276

Jerremy: bro.

:

01:04:18,306 --> 01:04:20,706

Bro, Netflix is number one.

:

01:04:20,706 --> 01:04:22,266

Expenditure is paying actors.

:

01:04:23,106 --> 01:04:27,576

You remove all of the actors, most of

the actors, 95% of the actors, and you

:

01:04:27,576 --> 01:04:33,046

just create cartoons or anime or, or

ai, lookalikes or whatever that look

:

01:04:33,046 --> 01:04:35,446

like Matt Damon, but aren't Matt Damon.

:

01:04:35,446 --> 01:04:36,616

They don't have to pay Matt Damon.

:

01:04:36,646 --> 01:04:38,146

$20 million, make a movie,

:

01:04:38,481 --> 01:04:38,751

Dave: yeah.

:

01:04:39,046 --> 01:04:39,526

Jerremy: poof.

:

01:04:40,546 --> 01:04:43,726

revenue, lower costs, more profits.

:

01:04:44,091 --> 01:04:46,131

Dave: I think what's going

to be a drag on that.

:

01:04:47,131 --> 01:04:51,181

I mean, here's the cool thing is that,

you will have individual individualized

:

01:04:51,181 --> 01:04:53,431

entertainment directly to you, right?

:

01:04:53,431 --> 01:04:57,121

Like, it'll be something that you, you

can't wait to see, and you're gonna have

:

01:04:57,121 --> 01:05:01,171

an unlimited amount of whatever that is,

which sounds a little dystopian coming

:

01:05:01,171 --> 01:05:02,701

out of my mouth as I'm thinking about it.

:

01:05:03,181 --> 01:05:06,661

But on, on the other hand, like there's

not going to be any actors or anything.

:

01:05:06,661 --> 01:05:08,281

You're just gonna get custom, whatever.

:

01:05:08,731 --> 01:05:12,211

But what we're gonna miss is being

able to share that with anybody.

:

01:05:12,271 --> 01:05:14,821

And that's been going on for a

long time because there's just

:

01:05:14,821 --> 01:05:16,921

so much entertainment out there.

:

01:05:17,131 --> 01:05:20,701

I can't really say to you, Hey,

did you see the pit on HBO?

:

01:05:21,101 --> 01:05:25,361

because, like people have Netflix

and HBO and Apple and, and, and

:

01:05:25,361 --> 01:05:26,471

Hulu and all the rest of 'em.

:

01:05:26,471 --> 01:05:29,351

So there's, there's unlimited

choices out there, right?

:

01:05:29,351 --> 01:05:31,851

And there's too much information,

too much, stuff out there.

:

01:05:31,911 --> 01:05:34,641

And that will just even get even more.

:

01:05:34,696 --> 01:05:39,856

With like, the AI because it'll, it'll

just be able to churn and burn out.

:

01:05:39,886 --> 01:05:43,396

it's gonna be AI slop there for

a while, but, like there's gonna

:

01:05:43,396 --> 01:05:45,246

be compelling, entertainment

:

01:05:46,011 --> 01:05:47,541

Jerremy: entertainment is gonna come out.

:

01:05:47,766 --> 01:05:50,016

Dave: kids are gonna love it for sure.

:

01:05:50,241 --> 01:05:51,891

Jerremy: its own AI shows.

:

01:05:51,891 --> 01:05:54,741

And that's, that's the other thing that,

I mean, at some point, we can have a

:

01:05:54,741 --> 01:05:56,991

fun chat about later maybe as well.

:

01:05:56,991 --> 01:06:00,951

But like, I got my mind blown by a

guy talked about how AI's gonna have

:

01:06:00,951 --> 01:06:05,271

conversations with ai and AI is gonna

be paying ai and they're not even,

:

01:06:05,271 --> 01:06:07,011

AI's not gonna need us eventually.

:

01:06:07,131 --> 01:06:07,461

Right?

:

01:06:07,461 --> 01:06:09,801

Like you're gonna have AI doing

things with AI that they're, they're

:

01:06:09,801 --> 01:06:10,696

gonna figure out their own things.

:

01:06:11,331 --> 01:06:13,806

Dave: Which is why I think

we're all doomed, I think.

:

01:06:13,866 --> 01:06:15,636

Jerremy: not gonna need inputs.

:

01:06:15,666 --> 01:06:17,706

it's like, why do I need a

human to tell me what to do?

:

01:06:17,706 --> 01:06:20,256

And there's another AI over here

that I can just communicate with

:

01:06:20,256 --> 01:06:21,366

and just figure this out myself.

:

01:06:21,621 --> 01:06:21,841

Dave: Ugh.

:

01:06:22,841 --> 01:06:23,531

Jerremy: Wild.

:

01:06:23,870 --> 01:06:26,870

Dave: One thing about the, the

solutions that happen, right?

:

01:06:26,870 --> 01:06:30,370

Because there's, there's international,

countries that are dealing with this, and

:

01:06:30,370 --> 01:06:35,830

they're doing this a lot better because

in every working model, whether it's

:

01:06:35,830 --> 01:06:39,010

Denmark or Germany, or Singapore and

Japan, because they all, they all have,

:

01:06:39,010 --> 01:06:40,960

they don't have, new people being born.

:

01:06:40,960 --> 01:06:44,630

They've got ai, they've got, the

same constraints that you and I have.

:

01:06:45,630 --> 01:06:48,600

They all have one feature

that the US system doesn't.

:

01:06:49,680 --> 01:06:55,950

The costs and the risks to the workforce

are shared between the individual,

:

01:06:55,950 --> 01:06:57,270

the employer, and the government.

:

01:06:57,779 --> 01:07:01,320

And right now we don't have

that sharing of responsibility.

:

01:07:01,590 --> 01:07:04,230

Government, as far as I can

tell, is checked out, or it's

:

01:07:04,230 --> 01:07:06,930

all in corporate ai, hellscape.

:

01:07:07,705 --> 01:07:11,035

there's no incentive for businesses

to pay any attention to this.

:

01:07:11,035 --> 01:07:13,465

They don't get any tax breaks,

they don't get any incentives.

:

01:07:13,465 --> 01:07:16,890

They don't get any, like there's

no money in it for them to,

:

01:07:16,895 --> 01:07:18,245

to come up with solutions.

:

01:07:18,335 --> 01:07:23,315

And so we're left into this American

individualism to figure it out, and

:

01:07:23,315 --> 01:07:25,355

it's impossible everywhere else.

:

01:07:25,535 --> 01:07:30,215

There's a marriage between government,

corporate and, and individuals saying,

:

01:07:30,485 --> 01:07:32,195

look, the workforce is changing.

:

01:07:32,345 --> 01:07:34,055

Let's do this together.

:

01:07:34,235 --> 01:07:37,985

And in the United States, it

seems combative and mostly

:

01:07:37,985 --> 01:07:39,395

the individuals lose out.

:

01:07:39,815 --> 01:07:46,835

That's, I think, clutch in this

discussion we're having for:

:

01:07:46,840 --> 01:07:51,760

workforce development is the one

thing that we're missing is a.

:

01:07:52,135 --> 01:07:57,035

Whole of society view of this, government

could be standing up and saying, Hey,

:

01:07:57,555 --> 01:08:02,195

corporations, individuals, academics,

we're going to go and do this.

:

01:08:02,225 --> 01:08:06,755

This is an existential thing to

make sure that 5, 10, 15, 20 years

:

01:08:06,755 --> 01:08:11,375

from now, we have jobs, our children

have jobs and their children have,

:

01:08:11,685 --> 01:08:13,455

meaningful work to do in the world.

:

01:08:13,635 --> 01:08:15,495

Let's go figure it out and

let's figure it out now.

:

01:08:15,555 --> 01:08:17,955

And I think that that is

critical that we're missing.

:

01:08:19,029 --> 01:08:19,109

Jerremy: Hmm.

:

01:08:20,109 --> 01:08:22,609

Yeah, I just say that's a great plan.

:

01:08:22,640 --> 01:08:26,385

I think that's, we, we have to study

other countries and for the first time

:

01:08:26,385 --> 01:08:31,995

in my life I'll be popping over to Japan

next week looking forward to having some

:

01:08:31,995 --> 01:08:36,165

just cool conversations to the best of my

ability with some of the locals and just

:

01:08:36,165 --> 01:08:38,354

kinda get some ideas and some thoughts and

:

01:08:38,390 --> 01:08:39,050

Dave: Oh my God,

:

01:08:39,675 --> 01:08:41,805

I did my international residency in Tokyo.

:

01:08:41,805 --> 01:08:42,345

So,

:

01:08:42,684 --> 01:08:43,255

Jerremy: amazing.

:

01:08:43,444 --> 01:08:45,995

Dave: I can't wait to get back to Japan.

:

01:08:46,024 --> 01:08:47,795

I Are you going to Tokyo or where are you?

:

01:08:47,795 --> 01:08:48,694

Where are you in Japan?

:

01:08:48,795 --> 01:08:50,925

Jerremy: only, I mean, I'm really

only gonna be there for five,

:

01:08:50,925 --> 01:08:52,335

five to six days, 'cause I'm

:

01:08:52,434 --> 01:08:54,684

there for spring break, but

I'll definitely be in Tokyo,

:

01:08:55,305 --> 01:08:56,024

Dave: I've,

:

01:08:56,035 --> 01:08:57,444

Jerremy: to three-ish days and then

:

01:08:57,700 --> 01:08:59,565

Dave: a couple of things

you gotta do for sure.

:

01:08:59,565 --> 01:09:00,375

I'll send you that.

:

01:09:00,475 --> 01:09:04,145

but Tokyo is incredible.

:

01:09:04,194 --> 01:09:07,145

I mean, it is just unbelievable.

:

01:09:07,194 --> 01:09:09,565

so I'm super stoked that

you're going over there.

:

01:09:09,665 --> 01:09:12,995

I mean, you'll be, you'll come back

and be like, what are we doing?

:

01:09:13,995 --> 01:09:15,104

Jerremy: Yeah,

:

01:09:15,500 --> 01:09:15,680

Dave: You?

:

01:09:15,944 --> 01:09:17,684

Jerremy: We're doing

something wrong, guys.

:

01:09:18,684 --> 01:09:20,604

Yeah, well, I'm, I'm

looking forward to it.

:

01:09:20,635 --> 01:09:23,305

'cause I have heard that I, I've

heard that from a few places.

:

01:09:23,365 --> 01:09:26,635

I got a few friends and clients that

spend a lot of time in Singapore,

:

01:09:27,354 --> 01:09:30,085

and then they're too, they're

like, we're just so behind, we're

:

01:09:30,149 --> 01:09:30,569

Dave: Yeah,

:

01:09:30,654 --> 01:09:33,145

Jerremy: on like 455 different things,

:

01:09:33,990 --> 01:09:34,620

Dave: it's.

:

01:09:34,734 --> 01:09:39,065

Jerremy: it comes to

cleanliness and just the basics.

:

01:09:39,065 --> 01:09:43,295

Like if, if you drive around

most, most roads in Las Vegas,

:

01:09:43,690 --> 01:09:44,109

Dave: yeah.

:

01:09:44,944 --> 01:09:48,455

Jerremy: You would assume for sure

that this is a wasteland that no

:

01:09:48,455 --> 01:09:53,165

one's ever picked up from, no one's

ever cleaned that someone maliciously

:

01:09:53,165 --> 01:09:57,425

just takes a bunch of trash and just

throws it out in the road every day

:

01:09:57,425 --> 01:09:59,015

and no one does anything a about it.

:

01:09:59,465 --> 01:10:02,585

Like that is Vegas and almost all

the surrounding areas of Vegas.

:

01:10:02,925 --> 01:10:03,145

Dave: Oh,

:

01:10:04,055 --> 01:10:05,375

Jerremy: Trash heaps everywhere.

:

01:10:05,615 --> 01:10:06,095

Dave: Bonkers.

:

01:10:06,180 --> 01:10:06,570

Jerremy: The desert.

:

01:10:06,570 --> 01:10:07,140

Who cares?

:

01:10:08,130 --> 01:10:09,059

It's just not clean.

:

01:10:09,059 --> 01:10:11,070

And now this is a big, big, big city.

:

01:10:12,070 --> 01:10:12,340

Yeah.

:

01:10:12,910 --> 01:10:13,030

I,

:

01:10:13,155 --> 01:10:16,395

Dave: In Japan, in Tokyo,

they don't have trash cans.

:

01:10:17,175 --> 01:10:18,945

Out, out, out, out there.

:

01:10:19,000 --> 01:10:19,090

Jerremy: is

:

01:10:19,215 --> 01:10:22,960

Dave: You walk around, there are no

trash cans, and you wanna know why.

:

01:10:23,960 --> 01:10:26,840

They don't think you should be

throwing stuff away out on the street.

:

01:10:26,870 --> 01:10:28,430

In fact, the streets are clean.

:

01:10:28,460 --> 01:10:31,785

If you have something to throw

away, you take it with you and

:

01:10:31,785 --> 01:10:33,350

you throw it away yourself.

:

01:10:33,350 --> 01:10:34,580

It's your responsibility.

:

01:10:34,820 --> 01:10:36,320

You don't throw it on the ground.

:

01:10:36,530 --> 01:10:39,500

You'd think in the United States, if

you didn't have a trash can somewhere,

:

01:10:39,500 --> 01:10:40,940

it would turn into Litter Central.

:

01:10:40,940 --> 01:10:42,920

If you were in Japan,

there are no trash cans.

:

01:10:42,920 --> 01:10:44,059

You take care of your own stuff.

:

01:10:44,120 --> 01:10:48,200

And I'm like, there's a certain

social responsibility that goes with

:

01:10:48,200 --> 01:10:49,640

like, take your garbage with you.

:

01:10:49,820 --> 01:10:53,090

It's like we're not even

putting up garbage cans.

:

01:10:53,090 --> 01:10:54,440

And I'm like, that's brilliant.

:

01:10:55,425 --> 01:10:57,570

Jerremy: It is, it's social.

:

01:10:57,570 --> 01:10:58,915

that's, that's the key

word right there, man.

:

01:10:59,215 --> 01:11:00,595

Social responsibility.

:

01:11:00,595 --> 01:11:04,075

I mean, in the United States it's

gonna come from the top down a big way.

:

01:11:04,075 --> 01:11:06,684

And I just don't think it

has probably really at all.

:

01:11:07,105 --> 01:11:10,195

but yeah, those are definitely

countries that I, and we and many

:

01:11:10,225 --> 01:11:11,275

people are keeping an eye on.

:

01:11:11,335 --> 01:11:13,765

Denmark, Germany, Singapore, Japan,

they're doing a lot of things

:

01:11:13,825 --> 01:11:14,905

efficiently, a lot of things.

:

01:11:14,905 --> 01:11:15,325

Correct.

:

01:11:15,325 --> 01:11:19,434

They are definitely aware of the AI

systems and the changes in the workforce.

:

01:11:19,434 --> 01:11:21,895

The transitions are gonna happen

to both the individual, the

:

01:11:21,895 --> 01:11:23,065

employer, or the government.

:

01:11:23,425 --> 01:11:26,375

And I love that your, your take on

that, all three that have this like,

:

01:11:26,375 --> 01:11:28,145

symbiotic relationship to a point.

:

01:11:28,175 --> 01:11:30,035

'cause they need to, 'cause

they're aware of what's happening.

:

01:11:30,655 --> 01:11:31,075

Dave: Yeah.

:

01:11:32,075 --> 01:11:33,155

Jerremy: so that's where we are, man.

:

01:11:33,245 --> 01:11:37,325

it's, it's gonna be very, very

fascinating and really winding all of

:

01:11:37,325 --> 01:11:42,155

this into, not only a cohesive statement,

but just almost a belief system.

:

01:11:42,845 --> 01:11:47,195

We, we started with in this country,

in the United States of America.

:

01:11:47,645 --> 01:11:51,035

You have some, some level of

some level of opportunity,

:

01:11:51,035 --> 01:11:52,595

some level of contract, right?

:

01:11:52,885 --> 01:11:53,095

Dave: Yeah.

:

01:11:53,165 --> 01:11:56,615

Jerremy: school, get a degree, get

a good job, and then the job pays

:

01:11:56,615 --> 01:11:57,755

for your family and your life.

:

01:11:58,625 --> 01:12:00,934

And that contract has been so

embedded in this country that

:

01:12:00,934 --> 01:12:02,765

most people, they never even knew.

:

01:12:02,765 --> 01:12:03,365

They signed it.

:

01:12:03,365 --> 01:12:04,265

They just followed it.

:

01:12:04,280 --> 01:12:04,700

Dave: Mm-hmm.

:

01:12:05,255 --> 01:12:08,945

Jerremy: And I would like at some

point to propose, instead of the

:

01:12:08,945 --> 01:12:12,515

American dream to be buying a house,

the American dream should be buying

:

01:12:12,515 --> 01:12:14,615

a thousand shares of the s and p 500.

:

01:12:14,950 --> 01:12:15,070

Dave: Hmm.

:

01:12:15,184 --> 01:12:20,135

Jerremy: Like that's going to deliver

a better, not only return, obviously

:

01:12:20,135 --> 01:12:21,815

we have to live somewhere, get that.

:

01:12:22,055 --> 01:12:28,265

But from a financial model, most people

are in debt for 25 years before they ever

:

01:12:28,265 --> 01:12:32,135

even see good returns on their real estate

or their home, because they have first

:

01:12:32,135 --> 01:12:34,295

time home buyers and they have all these.

:

01:12:34,730 --> 01:12:38,000

Closing costs and additional fees

and real estate fees and realtor fees

:

01:12:38,000 --> 01:12:39,200

and everything that gets added in.

:

01:12:39,200 --> 01:12:40,700

And then the interest rate.

:

01:12:40,730 --> 01:12:44,690

And so they're paying for double the value

of the house over the course of 30 years.

:

01:12:45,020 --> 01:12:45,230

Right?

:

01:12:45,230 --> 01:12:51,140

And so, unless the house doubles,

is can certainly happen, but almost

:

01:12:51,140 --> 01:12:52,850

if you think about it, shouldn't.

:

01:12:53,850 --> 01:12:56,130

And there's gonna mean to be

some big, big shifts there.

:

01:12:57,150 --> 01:13:01,860

somewhere between that, that

dream of get good grades, get good

:

01:13:01,860 --> 01:13:04,590

job, get good house, have money,

:

01:13:04,790 --> 01:13:05,080

Dave: Yeah.

:

01:13:05,100 --> 01:13:06,180

Jerremy: somewhere between that.

:

01:13:06,210 --> 01:13:10,500

The GI Bill where we are, the conditions

that made everything work where people

:

01:13:10,500 --> 01:13:18,510

are, are getting awesome benefits,

awesome value, lifetime pensions, great

:

01:13:18,510 --> 01:13:21,240

social security that's non non-funded.

:

01:13:22,110 --> 01:13:24,660

There is gonna be a labor scarcity

in this country at some point.

:

01:13:24,660 --> 01:13:27,270

And the industrial expansion,

the low tuition, the pension,

:

01:13:27,330 --> 01:13:28,320

it all came to an end.

:

01:13:28,800 --> 01:13:30,420

All of it's gone and no one got the memo.

:

01:13:31,110 --> 01:13:34,950

So what we've been doing today

is going through some of the fine

:

01:13:34,950 --> 01:13:36,540

print, if you will, on that contract.

:

01:13:36,540 --> 01:13:38,130

And that contract expired.

:

01:13:38,190 --> 01:13:38,680

Dave: Totally.

:

01:13:38,940 --> 01:13:41,070

Jerremy: It's a debt architecture, right?

:

01:13:41,160 --> 01:13:47,400

The we, we were bo, were born into

a gig economy that created in:

:

01:13:47,460 --> 01:13:47,750

Dave: Yeah.

:

01:13:47,790 --> 01:13:50,280

Jerremy: You have tons of entrepreneurs

that were forced to become

:

01:13:50,280 --> 01:13:56,350

entrepreneurial, those entrepreneurs are

now probably have shifted to some type

:

01:13:56,350 --> 01:13:59,590

of white collar job because they have

so much skills, talents, and resources,

:

01:13:59,590 --> 01:14:02,200

and those white collar jobs are gonna

be most likely taken over by ai.

:

01:14:02,650 --> 01:14:05,860

The trades pipeline that got abandoned

because the two generations of families

:

01:14:05,860 --> 01:14:08,559

watched manufacturing get offshore and

told their kids not to follow them.

:

01:14:08,800 --> 01:14:10,720

The 401k was literally an accident.

:

01:14:10,720 --> 01:14:14,950

All of it was connected, and it's all

playing out in front of our faces,

:

01:14:15,180 --> 01:14:17,670

Dave: And I, I don't

think AI is the crisis.

:

01:14:17,670 --> 01:14:19,980

It's really the accelerant, right?

:

01:14:19,980 --> 01:14:23,370

Everything that we've covered

today was already in motion.

:

01:14:23,610 --> 01:14:27,270

AI just puts it on faster timeline,

and it's, and it's aimed at people

:

01:14:27,270 --> 01:14:28,740

who thought that they were safe.

:

01:14:29,710 --> 01:14:31,780

Jerremy: Yeah, which is the laptop class,

:

01:14:31,890 --> 01:14:32,130

Dave: Yeah.

:

01:14:33,130 --> 01:14:34,510

Jerremy: is me and you, by the way.

:

01:14:34,590 --> 01:14:34,800

Dave: Yeah.

:

01:14:34,800 --> 01:14:35,160

Huh?

:

01:14:35,380 --> 01:14:36,130

Jerremy: It is us.

:

01:14:36,220 --> 01:14:36,370

A

:

01:14:36,390 --> 01:14:36,840

Dave: Yeah.

:

01:14:36,880 --> 01:14:40,360

Jerremy: are like, oh, AI's gonna

come for the, for the burger flippers.

:

01:14:40,360 --> 01:14:40,450

You

:

01:14:40,585 --> 01:14:40,805

Dave: Mm.

:

01:14:40,809 --> 01:14:41,620

Jerremy: forever, right?

:

01:14:41,620 --> 01:14:42,670

You're flipping burgers.

:

01:14:42,670 --> 01:14:43,720

Your job's gonna be taken

:

01:14:43,980 --> 01:14:44,550

Dave: Nope.

:

01:14:45,430 --> 01:14:45,910

Jerremy: dog.

:

01:14:45,910 --> 01:14:48,520

Like if you do anything on the

computer, there's a really good

:

01:14:48,520 --> 01:14:49,900

chance your job's gonna be taken.

:

01:14:49,900 --> 01:14:53,440

I mean, there was a software storm that

came outta nowhere that just wrecked so

:

01:14:53,440 --> 01:14:55,870

many software companies not that long

:

01:14:56,285 --> 01:14:56,705

Dave: Mm-hmm.

:

01:14:57,280 --> 01:14:59,590

Jerremy: these are all things that we

gotta talk about in the coming episodes.

:

01:14:59,590 --> 01:15:01,210

'cause we're gonna be

bringing people who are living

:

01:15:01,445 --> 01:15:01,865

Dave: Mm-hmm.

:

01:15:01,870 --> 01:15:05,350

Jerremy: Workers, employers, people

who made the pivot, people who got

:

01:15:05,350 --> 01:15:07,570

left behind who didn't make the pivot.

:

01:15:08,200 --> 01:15:09,400

gonna pressure tests.

:

01:15:10,400 --> 01:15:14,059

that we told you about today, including

our own biases, we're gonna try to get

:

01:15:14,059 --> 01:15:16,880

something real, not a political answer,

but something that you could actually

:

01:15:16,880 --> 01:15:19,460

tell someone that you care about who's

trying to figure out what to do next.

:

01:15:19,880 --> 01:15:24,140

Because America is entering:

without a replacement deal, and me and

:

01:15:24,140 --> 01:15:27,110

Dave believe that we need to write one

for every one of our listeners, for

:

01:15:27,110 --> 01:15:31,220

all the people that care, for all the

subscribers to this incredible podcast.

:

01:15:31,490 --> 01:15:37,040

We are here and we are really excited

about diving into how we can create these

:

01:15:37,100 --> 01:15:41,000

awesome changes that on real solutions.

:

01:15:42,000 --> 01:15:42,840

Dave: That's the series.

:

01:15:43,840 --> 01:15:44,920

Jerremy: Thank you so much for listening.

:

01:15:44,920 --> 01:15:45,550

Ladies and gentlemen.

:

01:15:45,550 --> 01:15:46,330

We're on Instagram.

:

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About the Podcast

Solving America's Problems
Solving America’s Problems isn’t just a podcast—it’s a journey. Co-host Jerremy Newsome, a successful entrepreneur and educator, is pursuing his lifelong dream of running for president. Along the way, he and co-host Dave Conley bring together experts, advocates, and everyday Americans to explore the real, actionable solutions our country needs.

With dynamic formats—one-on-one interviews, panel discussions, and more—we cut through the noise of divisive rhetoric to uncover practical ideas that unite instead of divide. If you’re ready to think differently, act boldly, and join a movement for meaningful change, subscribe now.