Summary

The video discusses the beginning of a significant decline in white-collar jobs, driven by advancements in artificial intelligence, automation, and shifting business strategies.

Highlights

•  AI and Automation Accelerate Job Loss – White-collar workers are increasingly being replaced by AI tools and automated systems designed to perform tasks faster and more cost-effectively.
•  Corporate Restructuring Intensifies – Companies are downsizing and restructuring operations, favoring efficiency over traditional employment models.
•  High-Skilled Workers Affected – Professionals in finance, marketing, legal services, and tech are seeing roles eliminated or transformed due to technological disruption.
•  Remote Work Reduces Demand – Hybrid and remote work models have led to reduced office space and fewer support staff requirements.
• Economic Shifts Create Uncertainty – The collapse of stable white-collar employment raises concerns about income inequality, job security, and future workforce training needs.

So the experts are saying that unemployment could be at least 10%. So right now it’s at 4.2% which is a little over 7 million people. So that means that if this happens we could have 15 16 17 million people out of work. My prediction is these are mostly going to be white collar jobs. These are middle management folks.
These are 30 40 50 year old people in white collar positions because those positions are getting replaced quickly. I have friends that are selling their legal practices right now because they say that legal documents can be generated and reviewed online, even negotiated through chat GPT. So, we’re starting to see this movement away from corporate back down to the street, back down to Main Street.
So, it’s starting to even the playing field. So, this is the best time to be an entrepreneur if you’re on top of this. So there’s a term called leite. Someone who resists or is skeptical of new technology like chatbt or AI. So they fight the very technology that’s going to be replacing their jobs. This always happens during some kind of technological change.
There’s always going to be the people that say this will never affect me and then there’s always going to be the people that say how will this affect me? So the question is are you going to take action and see? So even in my own firm I’m seeing technology take over things like accounting, things like marketing, things like HR, all these basic things.
Certainly legal. I’m not calling my attorney as much as I was before because I can literally take a legal document, put it into chat GPT, have them kick me back a renegotiation on it, for example, and then call my attorney and go over the points that I already have instead of having to wait and have them give me something that I need to take a look at.
So, that’s obviously going to save me money and it’s going to save me time, but it’s also going to reduce the income that I’m going to spend to my attorney. And these things are happening. Whether you’re in the legal side, whether you’re in the tax side, whether you’re in the accounting side, whether you’re in the marketing side, this is all creeping into organizations right now.
And this is all what I call the silent assassin. It’s all coming right now. I’ve personally only experienced this one other time. Now, you guys can all imagine I did not grow up with a cell phone and I did not grow up with the internet. Okay? So, there are people back then who had books and newspapers. They used to advertise there and all that stuff moved online digitally.
And I know today that sounds ridiculous, but the leites held on to that old technology. Same thing with phones and computers. Believe it or not, there are plenty of people that still, mostly older, that do not jump on a computer and do not use the incredible power of what you have just in this little device right here.
You basically have everything you need right here today. When I was growing up, you didn’t have any of that. So, I watched as a young man a big divide of people that embraced technology and people that did not. And the people that did not, they became poorer and poorer because just like this device here, it just keeps getting better and better and better each and every year.
Just like AI, it will never be as bad today than it is. It will always get better, more efficient, and eventually it’s going to start to creep into more of the executive positions of the white collar. Right now, it’s going to wipe out a lot of the middle management, but eventually it’s going to get into the CIO, COO, and CFO levels. In fact, I even have a friend that has an AI board member, literally an AI board member that they trained.
Now, of obviously, it’s not a real person, but they run things through this AI board member. It’s starting to happen, guys, and you’re going to have to embrace this. So, the people that recognize this and embrace this are going to use it for their own jobs or for their own businesses, especially if they own something, they’re going to have to embrace this stuff.
They’re going to have to embrace marketing, from a graphic standpoint, from a content writing standpoint. All those things you can do. You can do logos online immediately. So, back when the internet came out and people started to be able to do online printing, I had friends that were in the printing business way back.
I had friends that used to actually do corporate brochures and big decks for investments and things like that. You would literally have to do all that in some back room and bring it to somebody else and they would print it, copy it, bind it, and then you would have a stack of those. That was exactly how it used to be.
That’s all changed as you guys know right before your eyes. So this is just the next wave. If you want to stay relevant, you’re going to have to tap in to these things that you already have to be able to be more efficient, more effective for your employer, for yourself, or for a business that you want to start because the people that do that are just going to have a massive advantage over the people that put their head in the sand and they don’t do anything.
The old economy is dead. The game changed and most people haven’t even noticed. In 2020, you could get rich off of cheap debt. 2% inflation and blind optimism. You didn’t need to be smart, and most people buying real estate during that time weren’t. But now, inflation is still eating your savings. Rates are stuck at levels that we haven’t seen for 20 years.
And the hope and hold strategy that most investors use, it’s a recipe for getting wiped out. Here’s the truth. The new economy rewards speed, leverage, and adaptability. And the people who are winning now, they’ve already made the shift. They’ve stopped waiting for the Fed to fix it. And they’re playing offense. They’re using inflation. They’re using debt and positioning for the next real wealth weight.
I just bought a property that in 2022 was valued over 140 million for $92 million. I’m breaking all this down in my free master class. If you want to learn how to survive and thrive in this new economy, I say all this, but you still need in-person interactions. There’s nothing like human spirit. And so, you know, you’re going to need that.
You’re going to need collaboration. You’re going to need strategy. You’re going to need goals. You’re going to need direction. And you’re going to need viewpoints from other people. And it can’t all just be from Chachi PT or AI, of course. So, you’re going to still need to read. You’re going to still need to watch YouTube.
And you’re going to still need to go to conventions like Limitless, like we have this year, the Limitless Expo.com, which we have at the end of July, a August 1st and August 2nd this year, where we have 2,000 people coming. But at Limitless, we’re going to be talking about ChatGBT and AI, and how it’s affecting real estate, how it’s affecting all the things in manufacturing.
And we’re going to have speakers like George Gammon and Jeff Snyder and Brent Johnson and Larry Leard and Jim Rickers are all going to talk about why they think unemployment is going to go up. It’s a room you definitely want to be in. You’re going to want to hear their perspective. Even if they don’t all agree, you’re just going to want to be in that room because these are people that are looking at the world very differently than you or me.
Those are the rooms that you want to be in because the world is changing very very very fast. We have a new administration. We have tariffs. We have inflation. We have interest rates that may or may not go up. Right now the middle class is getting crutched hard. Um there are definitely moves that could be made in this next year or two in um in anticipation of some of these things that are coming down the line.
We’re heading into a time where the playing field is being leveled. The corporate positions are not going to be as coveted as they were before because they are and they will be replaced by AI. That technology is only going to get better and better and better. And as companies are getting squeezed from inflation and squeezed from profits, then they’re going to start to use these type of technologies to be able to pare down their own employment because labor is one of the biggest overhead pieces of any business. And so the playing field
is actually being flattened right now. It’s a great time to be an entrepreneur. It’s a great time to be like a speedboat as opposed to a cruise ship that’s just moving through the water because a cruise ship takes a long time to turn whereas a speedboat can move whatever direction it needs.
So think of yourself as a speedboat right now during this time. And how can you jump on this new technology and create your future the way you want? And you’re going to want to be in the right rooms with the right people like at Limitless Expo this year because this is specifically what we’re going to be discussing.
What are the opportunities around chat GPT AI? What are the industries that are most affected and what are the industries that are going to also bloom and blossom as a result of this technology? Um, this is going to happen whether you come or not. The question is is what are you going to do about it? I just asked chat GPT what things should I be watching in the real estate market with regard to interest rates, inflation, and tariffs.