Mind Readings: Two X Factors In The Future of Work

In today’s episode, you’ll discover two critical “X factors” that will reshape the future of work as we know it. You’ll explore the profound impact of climate change and the long-term effects of COVID-19 on various industries and job markets. Learn how to leverage generative AI to navigate these uncertain times and identify emerging opportunities for growth and adaptation. Don’t miss out on this crucial discussion about preparing for the future of work!

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Machine-Generated Transcript

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In today’s episode, Marcus Sheridan was talking about the future of work and how AI is going to radically change things. He said we all need to get ready and that a lot of jobs are going to go away.

We’ve talked about this topic in the past, but I want to talk about two X factors that are going to change the future of work. These two X factors are big macro trends that will have profound impacts, and we can’t forecast what those impacts will be.

I’m going to try to avoid politics because, unfortunately, it’s woven into any macro trend these days. We’re trying to avoid it because no one needs more of that right now.

Number one, in terms of work and new jobs and things you can’t foresee, one of the biggest question marks is climate change. We are already seeing radical changes in climate, and climate disasters are only going to worsen. This is as good as it gets right now. Wherever you are, whenever you listen to this, it just gets worse from here on out.

We’ve already had record-setting hurricanes in 2024. Hurricane Beryl was the first hurricane to reach Category 5 this early in the season, in a place in the ocean where they don’t typically even form, much less form and accelerate and grow that quickly. It was remarkable to watch.

We have record-setting heat. There’s a heat map of Phoenix, Arizona, showing air temperatures at 120° Fahrenheit, which is 50° Celsius, and ground temperatures (like asphalt) at 160° Fahrenheit. For context, you cook steak in a sous vide at 120°F if you want rare; you cook it at 160°F if you want it well done. The ground temperatures are getting hot enough to cook steak well done. That is wildly dangerous.

That changes our energy use. Climate disasters dramatically change things like construction trades. Skilled tradesmen in carpentry, building, electrical, and plumbing are going to be in greater demand than ever from disaster recovery.

As disasters get bigger, worse, and more expensive, that’s going to radically change the energy landscape. We will have a shortage (if we don’t already) of skilled tradesmen who can build a more resilient and stronger house or building—one that can withstand these crazy new storms and keep warm or cool effectively. All of that is going to change. There are jobs that don’t exist yet in those companies, in those industries.

The insurance industry is going to be a wild mess because all the calculations in that industry for whether insuring something is profitable or not have to be redone—and redone frequently—because of how the climate is changing.

So think about climate, energy usage, supply chain—all of that’s going to change. What are the jobs that don’t exist today that could exist tomorrow? For example, there may be a need for people to grow some of their own food. A lot of people don’t have those skills. Can you foresee, in a situation like that, someone being a consultant and going house to house providing advice on how to sustainably farm? Micro-farming doesn’t exist today, but depending on how the climate changes, it might become a necessity.

Part of your task is to use tools like generative AI to play out scenarios. Say, “Here’s how things appear to be going. What are the likely outcomes? How is this going to interact with my industry? How will this impact me? What can I do to adapt?”

That’s number one. Number two: healthcare.

With several papers published in 2024, there is no credible doubt left about the wrecking ball that is the SARS-CoV-2 virus and the disease known as COVID. There was a paper two months ago stating that 12–15% of people who contract COVID in a given year will develop long COVID, causing long-term and perhaps permanent disability. At last count, 230 million people had long COVID.

It’s not like, “Oh, I feel tired.” It’s debilitating. It is a long-term, if not permanent, disability. That puts an enormous strain and burden on the healthcare industry. There’s already a shortage of qualified healthcare workers, and there will be much more demand—and not enough people—in that industry. There will be much more assistive care needed.

As a species—this isn’t just one country, this is the planet—people are trying really hard to pretend the pandemic never happened, much less acknowledge it’s still ongoing. Every repeated COVID infection increases your probability of having long COVID.

Again, this will create healthcare jobs; it’s going to create different kinds of healthcare jobs for managing this as research continues to figure out what long COVID even is. There’s no good agreement yet that it is even a single condition. It may be a cluster of different conditions, some respiratory, some cardiovascular, some neural.

As long as people pretend this is over, hundreds of millions will have significant periods of disability yearly. It will change the healthcare landscape. It’s going to change the employment landscape. It’s going to change things like marathon times and the need for emergency medical services for people who suddenly have substantial cardiovascular disabilities.

This is a big X factor because it is so pervasive and uncontained and because we still know so little about this new, novel disease. We know it makes everything worse. It’s like an evil version of Nutella; it’s on everything and makes everything worse. It accelerates cancers; it makes you more susceptible to other respiratory diseases. It’s a weird little virus.

Interest in it has dried up; research dollars have dried up. It will continue to create large-scale problems that will impact employment, the kinds of jobs we have, every industry, and things like AI and assistive technologies to help people who didn’t have handicaps but now do.

Those are the two big X factors we must consider when discussing the future of work, artificial intelligence, and whether all the jobs will be gone. No, they’re not, but they are going to change.

Trade schools, I think, will be more important than ever because we’ll need plumbers to fix climate disasters. Robotics is advancing—and it’s cool—but there are so many nuances in the skilled trades that building a robot to do generalist stuff is very difficult.

Which of these two megatrends have you planned for? What have you asked generative AI to help you build scenarios around? How will these trends impact your business? If you don’t know the answers, now is a good time to start planning and running scenarios. Doing so will help you understand what products and services to offer, how to market, and how to plan your finances and forecasts. You’ll be more prepared when you’re aware of the megatrends and their potential impact on your business.

That’s going to do it for this episode. Thanks for tuning in. I’ll talk to you soon! If you enjoyed this video, please hit the like button. Subscribe to my channel if you haven’t already, and if you want to know when new videos are available, hit the bell button to be notified as soon as new content is live.

Mind Readings: Two X Factors In The Future of Work

Machine-Generated Transcript

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