Comment by cmiles8
6 hours ago
The same thing happened with the oil sands boom 15 years ago. Industrial sites were losing skilled trades people left and right as they went up north to make 2-3x their salary. Then that bubble popped and these folks were tossed onto the street before they could blink.
By all means go make money if the opportunity presents itself. I love to see well compensated trades. But be under no illusions that when the bubble pops (and it will) you’ll be tossed aside before you know what happened. So make money now, and milk these AI players for everything they’ve got, but just have a clear plan on what comes next.
The clear plan for electricians and carpenters is to eh continue to do electrical and wood works. Or do you think they would be out of work if there are no more AI-related jobs?
They might if many of the white collar people that pay them can't afford to pay them anymore.
Same as always, got it.
What will happen if the bubble bursts? It’s not like homes and businesses won’t need plumbers and electricians anymore. If you have the opportunity to make a lot more money for the next few years (maybe indefinitely) and in the worst case go back to what you were doing before, why wouldn’t you take it?