AI is coming for jobs. Why it's better to be an investor than an employee
8 hours ago
- #Job Market
- #AI revolution
- #Financial Independence
- The author recounts their fear of job outsourcing in 2012, witnessing colleagues overworking and suffering health issues.
- A layoff disguised as reorganization led the author to realize the benefits of being an investor over an employee.
- The author decided against buying a house, investing their down payment instead, which grew enough to allow early retirement.
- The AI boom is exacerbating job insecurity, with AI replacing roles across industries, including software engineering and surgery.
- Canada's unemployment rate has risen to 7.1%, the highest since 2016 outside the pandemic, due to AI and tariff-related stress.
- Despite job losses, the stock market, including the TSX, has surged, benefiting investors as companies cut costs and increase profits via AI.
- The author advocates for investing in low-cost index funds to participate in the AI revolution and secure financial independence.
- Financial Independence, Retire Early (FIRE) is becoming a necessity as traditional long-term employment becomes unreliable due to AI.
- The conclusion urges readers to shift from being employees to investors to navigate the changing job market.