How AI Can Cure the Global Labor Shortage

We gained’t be having The Banyan Edge Podcast this week as a result of I’m at present travelling. And alas, I’ve nowhere to correctly broadcast it.

A good workplace setup isn’t really easy to seek out in the midst of a soccer match.

So, our moveable feast continues.

We left San Sebastián on Saturday to cross the border into the French Basque Nation and the seaside city of Biarritz. And yesterday, we circled again to San Sebastián to select up our rental automobile to drive via the Pyrenees to Barcelona.

My son’s soccer match, our ostensible motive for being right here within the first place, didn’t go so nicely. He discovered the exhausting approach that Europeans take soccer significantly. The primary two video games have been an absolute blood tub.

And why am I sharing these particulars with you? (I promise that is truly going someplace.)

Fixing a World Labor Scarcity

For those who suppose the labor scarcity is unhealthy within the U.S. (and let’s be clear. It’s.), then spend a couple of weeks in Europe. It will get a lot worse.

I had a problem with my rental automobile, and I found that it’s a metaphysical impossibility to talk to a human being on the cellphone in Spain.

Within the U.S., you often should endure via a number of minutes of automated prompts that steer you away from human contact, however you’ll finally get an individual when you want them. In Spain, you’ll by no means attain that customer support agent.

And hailing a taxi on a Sunday in Barcelona? Looking for an Uber?

Better of luck, and vaya con Diós, amigo.

The one method to “clear up” the labor scarcity difficulty is to extend the productiveness of present staff and to automate a variety of jobs out of existence. This may occur (and is occurring) with the assistance of synthetic intelligence.

This burgeoning tech has been a significant focus of our work in The Banyan Edge for the previous few weeks.

As a result of the crux of it’s, we want AI.

AI Driver

(From MSN.)

Driverless taxis are already on the streets in San Francisco, and it’s a matter of time earlier than they unfold to different cities. It will actually have helped me seize that taxi I wanted Sunday night time in Barcelona.

🚨Investing Opp: Ian King simply really useful a brand new commerce — in an organization that’s serving to to provide self-driving automobiles. Particulars on how YOU can to get the inventory ticker right here!

 Nonetheless, I do hope driverless taxis don’t come to Lima, Peru, anytime quickly. Solely as a result of I feel the aggressiveness of limeño drivers may very well spur AI to exterminate humanity — Terminator model.

Now, there are additionally the forms of jobs that may’t be automated away, however they will undoubtedly be improved.

Take soccer gamers, or any skilled athletes for that matter. (See, I informed you my rambling about youth soccer had a degree.)

Sure, I suppose we may all begin watching AI laptop simulations of sporting occasions as a substitute of watching precise athletes. However that wouldn’t be enjoyable. The pleasure is in watching actual human athletes do issues that the remainder of us can solely dream of.

A lot of the service jobs surrounding sports activities can’t get replaced both. However once more, they are often improved. Take into consideration the film Moneyball, starring Brad Pitt and Jonah Hill. It informed the story of how Oakland Athletics used information analytics to enhance their participant scouting.

Oakland was in a position to discipline a aggressive workforce on a shoestring price range by augmenting every thing — from their scouting, to their offensive and defensive methods — with information analytics.

In the same approach, AI may quickly assist coaches make higher play-by-play choices in actual time. 

The Way forward for AI (And The right way to Revenue)

The chances with AI are limitless. What couldn’t you do higher in your day-to-day life with the assistance of a full-time AI life coach to enhance your resolution making?

Up to now in 2023, the funding story surrounding AI has targeted on a small variety of mega-cap tech shares. And it’s attainable that development has longer to run.

However inform me, what makes extra sense: to dump much more cash into shares that already sport market caps nicely over $1 trillion, or to concentrate on the up-and-coming shares on this area which are simply beginning their ascent?

Ian King’s newest analysis is concentrated on the potential windfall income of AI. He predicts that by the top of this decade, this tech will improve the worldwide GDP by 50% (or as a lot as $150 trillion within the years to return).

So do you wish to study extra about his #1 really useful inventory on this area?

Watch his free webinar to entry it.

Regards,

Charles Sizemore
Chief Editor, The Banyan Edge