If You Are Gen Z - Avoid These 5 Jobs!

All right, there are massive shifts happening in the economy right now, and these are things that are going to make some of the jobs that have historically been really good careers be really crappy careers. And it's kind of like you go back to 1972, and back then being an auto worker or steel worker, well, that had a really bright future to it. But ultimately, like, things always are changing, and right now things are changing again. So what I'm going to do in this video is I'm going to talk about some of the things that are changing in the economy, and especially technology, that are going to affect, in my opinion, what's going to happen with careers. And then I'm going to talk about 5 careers that I think you should totally avoid going into 2024 and beyond. The reason I'm making this video is because my son's graduating from high school and I'm starting to think about how should I nudge him to think about his future and what should I tell him to stay away from. And it turns out the things that were really good careers back when I was growing up in the '90s, they're not very good careers anymore because things are shifting. So I'm going to walk you through the things that are changing in the market and then we'll talk about the jobs themselves. So here we go. Number one trend that's massively happening right now is the globalization of the workforce. COVID did something to small businesses in the United States. It used to be only big companies that were sending jobs everywhere, right? People now are hiring in the Philippines, they're hiring in Argentina, they're hiring in Mexico. And it's not just big corporations doing it anymore, it is little companies as well. And if a job can be done across the internet, suddenly it's possible for them to hire somebody, well, anywhere in the world. Number 2, a big trend is the reindustrialization of the United States. The government is trying to bring back the making and building of things, especially high technology stuff, into the United States. And you're seeing that in all the incentives, especially in some of the recent bills that have come through Congress. So this is a big trend. Things that involve physical products, things that involve high-tech, they've got a potentially a bright future. Number 3, we have a shrinking birth rate in the United States. The latest generation of kids that are growing up, my kids, are in Generation Z. And guess what? Generation Z is the kids of the second smallest generation in history since World War II, my generation, Generation X. So that means we have fewer workers entering the workforce. The fourth trend is the emergence of artificial intelligence. A lot of jobs that used to require a person are going to be getting done by these large language models, these AI things like ChatGPT, and the evolution of them as they keep getting built. And every single big tech company is building their own version of these AI models. So they're going to be everywhere soon, and they're going to be super commoditized. And number 5, the US government keeps spending more and more money. That's not turning around. As long as our politicians can keep borrowing, it seems to be that they're going to keep spending on everything from the military to building stuff to public benefit to bridges and stuff. So those are the 5. So what do we do with this knowledge of these trends that are happening? Well, let's talk about the 5 careers that I would recommend. Well, if you're a young person, you should totally avoid them. Number 1, software developers. Nobody is hiring American programmers anymore. If you look at almost every single company, they are pushing those jobs offshore. They used to just push them to India, but now they're pushing them across the whole globe. These people, instead of having come to the United States to work, are working remotely and living where they work. It makes me sad, but the truth is the number of American programmers, that job is, well, just dying here. Even the elite engineering jobs, are going overseas. You're seeing Silicon Valley companies building themselves from day one without any American technical people on the staff even. So that, plus a massive recession in the technology industry, plus the coming of AI, is bad news for much of the coding profession. Now look, there's a lot of people that are going to be just fine in all of these industries with headwinds that I'm talking through in these careers. If you're a top 1% performer or you're the world's best AI engineer, you're going to be just fine. But if you're in the middle 50% and you're a software developer, you're going to be in trouble because there's a lot out there, and the rest of those jobs are getting automated by AI, and the absolute rest of them are getting shipped offshore to people who will, well, frankly, work cheaper than Americans will. Number 2 career to avoid: accounting and tax preparation. This is the low-hanging fruit for AI and offshore services. We will need fewer and fewer people to do it. Again, people that are senior CPAs and strategists and people that could be CFOs, those people will be fine. But if the people who are the mid-level professionals and the entry-level professionals and the junior professionals in accounting and these different things, there's just not not going to be as many jobs for those people. They're going to be getting automated away by AI, right? Wouldn't it be great if you just uploaded and AI asked you some questions and did your taxes for you? Well, that is the future. The rest of it are going to look like a lot of companies where you have a highly paid senior-level CPA or accountant here in the United States doing customer service and overseeing teams of people that are offshore. You've already seen a lot of the big corporations do this. ExxonMobil, for example, has had massive staffs doing accounting in Argentina for decades. And a lot of the other big accounting firms, it may look like their US firms, but in reality, the Big Five and Big Four accounting firms, they've been shipping your, your tax returns overseas to the Philippines and India for decades. And the reason they do that, well, they can hire there. And now you're seeing a big shift where smaller corporations are also starting to shift these types of accounting jobs overseas. Number 3 job to avoid: graphic design. Tools like Canva, stuff like that, they already let anybody do graphic design, things like basic illustration and that sort of thing. They're going to be getting eaten up by AI too. We're starting to see the AI tools not only starting to be able to do illustration, they're almost starting to be able to produce commercial-grade quality commercials. These are professional-looking things and you can see where it's going. They're going to be realistic and we're not going to need people to run those cameras or write those storytelling and do that kind of stuff. And at the highest level, it's just like everything else. It is the low end of these jobs that are going to be getting commoditized. Your generic commercial or your generic billboard that's getting done. But still the top 1% and the stuff at the highest end of these spectrums will still need that. Just people going into the graphic design profession or the similar types of creative things they're going to be running into a situation where there's just not going to be a demand for these types of jobs and therefore they're not going to pay very well and they may not even exist at all. Number 4, customer service and simple sales. Look, if a person sitting at a desk in the Philippines can do this job, your job is screwed. You just shouldn't get into those types of things. The reality is, and you're starting to see it where you walk by apartment buildings and instead of having a doorman, they have somebody who's sitting there on an iPad watching the front door. And that's who you talk to when you want to get in. And that person, well, they're sitting in the Philippines. So it's a challenge. And these are the types of jobs you want to avoid because they're just not exist anymore. And just like all of us have grown up over the past 20 years watching call centers and people answering the phone for major corporations or our credit card company being in someplace like India or Pakistan, all the other jobs that are kind of similar and can be done across the internet and are simple tasks like this type stuff, those jobs are either going offshore, and most likely after they go offshore, they're going to get automated away by AI and these automated kind of software systems that will do it without even having any people involved at all, because AI is coming for these jobs. Number 5, and this will be controversial, I think the future for lawyers is very bleak. We've already had a problem where there have been way too many people graduating law school over the past couple decades. There is just a glut of lawyers, and you can just see it in how many ambulance chaser billboards there are for lawyers. But the reality is that lawyering firms are going to look more and more like what's happening to CPA firms, where one or two people are in the US and they're very professional and high level. They do the customer service and they do high-level thinking. Everything else is getting offshored or replaced by AI. And look, high-level lawyers and people doing serious stuff, it's gonna still be a market for that. Like 1% type stuff and very complex stuff, we're gonna need lawyers. But we're still producing too many lawyers for the number of jobs that are going to be there in the future. And frankly, like, a lot of them are going to be getting automated away. When an AI can write your contract for you and review it for you, man, things start to look pretty good that a law firm won't need 5 people anymore and they might just need 1. They won't need 50 people anymore and they might just need to do. And all of that will turn into a situation where if you're going in and trying to become a lawyer, man, there's just not going to be the money to be made that there was in the past decades, and it's a career to avoid. All right, enough depression there. That's the end of this video. I'm gonna do another one that talks about the careers you should hit up and the careers you should go after, and that'll be a much more optimistic than this one. But as a letter to my son and to other people watching, these are the careers I would avoid in 2024. Love to hear what you think. Tell me where I'm wrong. Hit me up in the replies. Thanks. Bye.