Sep 15 • General discussion
AI / Jobs / Investment Property
Wanted to get your thoughts. I keep hearing all sorts of predictions about automation and Generative AI wiping out jobs. Some forecasts say 95 percent of all jobs could disappear by 2045, while others expect at least 20 to 40 percent gone by 2030. We just saw awful job numbers last week, which makes me wonder: even with all the upcoming rate cuts, will that actually drive investment into businesses, real estate, and jobs instead of just flowing into debt securities?
And what happens if unemployment holds above 20 percent for the long term? People still need a place to live unless the government is prepared to accept mass homelessness. How do they pay rent? It seems like that would crush the real estate market for good, even if the government tried to soften the blow with some form of universal basic income. Might be interesting to discuss at our next meeting.
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AI / Jobs / Investment Property
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