00:00jobs and careers with the most
00:03that's what we're going to be talking
00:04about today but before we get into it
00:07gently tap the like button in order to
00:09defeat the evil youtube algorithm on
00:11this channel we talk about personal
00:12finance jobs careers and opportunities
00:15that will lead you to success
00:17we also talk about avoiding some of the
00:19common personal finance traps that so
00:21many people fall into
00:23if that sounds like something that
00:24interests you if you haven't done it
00:26make sure to ring the notification bell
00:28hit the subscribe button
00:30so that you never miss an opportunity
00:32now with that being said
00:33let's jump right into it this video was
00:37oxford study that was done a few years
00:39back that basically measured how
00:41easy it's going to be to computerize or
00:44different jobs i'll have that study pop
00:46up on the screen right now the name of
00:48it it's called the future of
00:49employment now in that study they
00:51analyzed all kinds of different common
00:54three main criteria and then they also
00:58other criteria that were kind of
00:59important they talked about creative
01:02tasks so these are tasks that take a lot
01:04of creative intelligence
01:05something like making these youtube
01:07videos you know takes a lot of creative
01:11definitely coming up with that joke
01:13because a lot of creative intelligence
01:17anyways the second thing is social
01:21so social intelligence tasks obviously
01:23would be communicating with other people
01:25understanding the nuance of
01:27communication so an example of that
01:29knowing that the last joke i told was
01:31extremely cringe the third thing would
01:34and manipulation tasks so generally
01:37speaking this is going to be where you
01:38have to look at something
01:40perceive it in a certain way and then
01:42use your hands physically use your hands
01:45you know fix it or change it in some
01:48so a perfect example of this would be
01:50maybe a trade career or a technician
01:53somebody who has to look at an engine
01:54figure out what's wrong with it
01:56put the right parts in the right place
01:58in order to fix it and then
01:59one of the other ones that the study
02:01kind of touched on they didn't get too
02:04maybe a career can't be automated but
02:07the main skills that you do in that
02:09career to a different job that can be
02:12automated and can be potentially scaled
02:14so for instance there are certain
02:15products that used to be
02:16only sold in a certain setting so they'd
02:19only be sold in a local setting where
02:21demonstrated so you would see them being
02:23sold at fairs at the malls but
02:26nowhere else you wouldn't see them being
02:28sold on a shelf just because of the fact
02:29that they have to be demonstrated now
02:31that's a job that you could
02:33never automate you know somebody has to
02:34be there to sell them
02:36and to demonstrate them that type of job
02:39a little bit that particular type of
02:42late night infomercials came out so why
02:44would companies spend tons of money on
02:46an entire sales force to go to these
02:49when they could just spend money on one
02:51really good salesman
02:53like the oxiclean guy for instance and
02:56a million ads and pretty much reach an
02:58audience of hundreds of millions of
03:01and then the last question which they
03:03didn't really touch on very much in the
03:04study but they did mention a different
03:06study that went over that extensively
03:08is can a job be outsourced so a great
03:12is graphic design you can actually get
03:14some really good graphic design work
03:16by outsourcing that to other countries
03:18it's going to be quite a bit cheaper
03:20just because the cost of living is going
03:22to be lower in other countries
03:23so first one on the list is going to be
03:28so there's more to it than this but
03:29basically you are going to be
03:31looking at data in one place and then
03:33entering that data into another place
03:35now the study showed that this has a 99
03:38chance of being automated and there's a
03:40website that actually uses this study
03:42it's called will robots takemyjob.com
03:44so they show a 99 chance of being
03:47also do a poll where people can actually
03:50vote whether they think it's going to be
03:51automated or not and about
03:5394 of the people who voted also agreed
03:55that it was going to be
03:57automated so with this one there is a
03:59and fifty nine thousand jobs available
04:01and they make around thirty four
04:02thousand dollars a year so let's talk
04:04about the big categories here data entry
04:07generally speaking does not involve very
04:09much creative intelligence
04:11it's very simple work where you take
04:13data from one place and then you key it
04:15another place so for instance you might
04:17work for a financial firm and you're
04:20a bunch of different companies release
04:22their financial numbers and you would
04:24take the financial numbers from those
04:26companies in different sectors
04:27and then put that into a spreadsheet
04:30this doesn't take very much creative
04:32there's also a lot of apps and stuff out
04:34there where you can literally just take
04:36a picture of something and then it will
04:38put it in like a word document format
04:40so you can take a picture of a pdf or
04:42you can even take a picture of
04:43writing sometimes if the handwriting's
04:45not too bad and it will put that in a
04:47word document format for you it's
04:49getting better and better at sorting
04:50data and making sure that they have the
04:53it also obviously doesn't take very much
04:55social intelligence you're not going to
04:57be like telling anyone else you're
04:58basically just going to
04:59be putting it from one place to another
05:02perception and manipulation tasks i
05:03guess you could say that you are
05:05typing it in but the thing is is robot
05:07wouldn't need to type it in it would
05:09write it automatically and it would do
05:10it like 10 or 20 times
05:12faster can it be replaced by a better
05:14alternative that can be scaled
05:16absolutely it can so like i said with
05:19those programs that just automatically
05:21put data in a certain place you can like
05:22take a picture of something then it
05:24automatically stores it
05:25sure those programs are going to be off
05:27sometimes but you could have somebody go
05:29afterwards spend way less time just
05:32making sure that there's no
05:34huge errors you could also very easily
05:36outsource this you could teach somebody
05:38how to do this that's from another
05:40country so basically this one has a lot
05:42of red flags it would be
05:43very easy to automate or outsource this
05:46and it probably will be done within the
05:49next one on the list is going to be
05:52now library technicians are basically
05:54responsible for just assisting
05:55librarians with the basic day-to-day
05:58so for instance they might help
05:59librarians put books back in the proper
06:02place that people have checked out
06:03they have a 99 chance of being automated
06:06and the polls the human polls say that
06:0980 chance so still pretty high they make
06:13a year there's 184 000 jobs available
06:15and unfortunately it is declining at
06:18negative four percent over the next
06:2010 years so when it comes to creative
06:23not much there you're just going to be
06:25doing really basic stuff you know
06:27of whether somebody's paid their late
06:29fees putting books back et cetera
06:31social intelligence tasks doesn't really
06:34need too much of that
06:35perception and manipulation tasks sure
06:38you do have to like pick up the book and
06:39put it back in there but that
06:41is something that you could train a
06:42robot how to do pretty well
06:44can it be replaced by a better
06:46alternative that could likely be scaled
06:48absolutely so for instance they could
06:50create a robot that when the library is
06:53shut down overnight it goes in
06:55and it puts books back in the right
06:57place wouldn't be that hard to do this
07:00in fact i wouldn't be surprised if
07:01there's systems out there that do it
07:03can it be easily outsourced probably not
07:05because you do have to have
07:07somebody or something like a robot be
07:09there to actually put the books back in
07:11number six on the list is going to be
07:15so generally speaking they're going to
07:17work for different financial
07:18institutions and they're going to
07:20interview people and ask them really
07:23while they're trying to open up an
07:24account so they'd be asking you what's
07:26your birthday where do you live
07:28they have a 99 chance of being automated
07:30and then the survey shows about a 74
07:33chance there's 41 000 jobs available and
07:37around 36 000 a year so when it comes to
07:40creative intelligence tasks again this
07:42is almost like a data entry sort of
07:44you're basically just onboarding someone
07:46asking them basic information so you can
07:48get their account set up
07:50social intelligence tasks you could
07:52argue there is a little bit of social
07:54there's a lot of people that are still
07:56out there that would rather talk to
07:58a physical person an example of this
08:00would be online banks versus physical
08:02banks i've made videos about this but
08:04online banks are way better like you get
08:06way better return if you put your money
08:08in a savings account for instance
08:09however there's a lot of people that are
08:11just more comfortable with a physical
08:13bank where they can actually go there
08:14talk to people maybe even form
08:16relationships with the people who work
08:18drink their free coffee and eat their
08:20free cookies perception and manipulation
08:23don't really need much there they would
08:25basically just be keying information in
08:27which you could have a robot do that for
08:29you or you could have a software program
08:31can it be replaced by a better
08:33alternative that can more easily be
08:35absolutely you could have somebody just
08:37set up their own account all you would
08:39have to do is just have them complete a
08:41short survey where they set up their own
08:43can it be easily outsourced absolutely
08:45very basic and you could
08:47easily just in the same way that you
08:49outsource customer service you could
08:51people set up accounts number five on
08:54the list is going to be
08:55tax preparers these are the people who
08:59now this isn't like the high level
09:01accountants that you know big businesses
09:03this is just your basic everyday you
09:06know taking basic information
09:08in and preparing taxes for you the truth
09:10is taxes are pretty simplified
09:12especially these days
09:14for most people just taking the standard
09:16deduction is going to be the best option
09:18that's why you've seen these programs
09:20like turbo tax getting so popular
09:22and this one has about a 99 chance of
09:25being automated and 77 percent of people
09:28that that's what's going to happen
09:29within the next 20 years now there's
09:32employed here and they make around 49
09:36year so when it comes to creative
09:37intelligence very very basic here it's
09:39almost like a data entry type of job
09:41social intelligence this is the one part
09:43where you could potentially say that
09:46there might need to be some social
09:47intelligence some people prefer
09:49to talk to a real person when they're
09:52perception and manipulation again not
09:55very much it's basic data entry
09:57can it be replaced by a better
09:58alternative that can easily be scaled
10:01absolutely what i just mentioned turbo
10:04you put your own information in there it
10:06makes it super easy you can literally do
10:08your taxes in like 30 minutes
10:10and if your taxes are extremely simple
10:12you just work for a job and you don't
10:14have anything else going on you don't
10:15have a mortgage you don't have any fancy
10:17stuff like that most of the time it's
10:18very easy to do it and it only takes
10:21can it easily be outsourced absolutely
10:23you could easily outsource some of the
10:25basic data entry stuff that comes with
10:28number four on the list is going to be
10:29cargo and freight agents so these are
10:32going to be the people who are moving
10:33cargo a lot of the time when you see on
10:35the flights the people that are putting
10:37your luggage into the airplane they have
10:41chance of being automated and 73 of
10:44agreed with that there's around 92 000
10:46people in this job and they make around
10:49000 a year so creative intelligence
10:52doesn't take much creative intelligence
10:54social intelligence again not much
10:56social intelligence although if you're
10:57smart hopefully you're going to be
10:58nice to people's luggage so you don't
11:00break stuff perception and manipulation
11:02tasks this is the one
11:04spot where you could make an argument
11:05you do have to you know
11:07move the luggage and try to be you know
11:09gentle with it so you don't break stuff
11:10however this does seem like a job that
11:14automated i mean think about it like
11:15this you know how when you get off the
11:17plane and then you go
11:19and there's basically a conveyor belt
11:20that brings the luggage to you
11:22what if there was another conveyor belt
11:24that they just put next to the plane
11:26and you just dropped your luggage off on
11:28that and you could easily just set up a
11:30where it puts the luggage directly into
11:32the plane at the very least you would
11:34less people to do the job maybe you
11:36would still have to have somebody who
11:38just makes sure that everything's being
11:39done correctly but you'd probably need
11:41less people number three on the list is
11:43going to be insurance
11:44underwriters so insurance underwriters
11:47are going to be the people who evaluate
11:49insurance applications and they decide
11:51whether they are going to accept the
11:54and if they do decide to accept the
11:56application what terms are they going to
11:59there is a 99 chance they'll be replaced
12:0271 of people agree with that they make
12:06a year there's 114 000 jobs available
12:08and it's growing at negative six percent
12:11and so it's basically going to be
12:13declining by around 7100 jobs
12:16over the next 10 years now when it comes
12:18to creative intelligence
12:19not very much it's going to be a whole
12:22lot of data entry basically and then a
12:24computer program an algorithm is going
12:26to figure out whether you accept or deny
12:29this is actually very similar to
12:30applying for a credit card so when you
12:32apply for a credit card they're going to
12:33ask you a bunch of information and then
12:35a computer program software is going to
12:38tell you whether you
12:39got accepted for it or you didn't
12:41sometimes they'll need a little bit of
12:43once in a while they'll even have you
12:45call in and talk to a person
12:47that will enter in that information for
12:49you but usually it's just going to tell
12:52the bat whether you were accepted or not
12:53so a lot of this job can be automated
12:55they can just have a person enter this
12:57in on their own so it can basically be
13:00replaced by a better alternative
13:02that can be scaled and even if there is
13:04a person who has to physically manually
13:08that task could very easily be
13:10outsourced number two on the list is
13:12going to be title examiners abstractors
13:15so these are people that will search for
13:17a lot of the time for example real
13:19estate records they'll search both
13:21private and public records in order to
13:23compile a list or a database of people
13:26who have mortgages for instance
13:27there's a 99 chance that they're going
13:31only 60 percent of people actually agree
13:33with that so this is on the lower side
13:34for a lot of them on this list
13:36now there's about 52 000 people who are
13:39and they earn around 52 000 a year so
13:42when it comes to creative intelligence
13:45require a little bit of creative
13:47intelligence because you have to go to
13:49different types of databases in order to
13:51search for that data
13:52a lot of the time you're going to be
13:53looking up county records for instance
13:55people have to file records with the
13:56county whenever they buy a house
13:58not all websites are the same so it does
14:00take a little bit of creative
14:01intelligence in order to search websites
14:03to find the correct information
14:05social intelligence tasks doesn't really
14:07require much social intelligence
14:09perception and manipulation tasks the
14:11fact that you are having to go and
14:12search for things means that you're you
14:14know using a mouse and that sort of
14:16thing so there's a little bit of that
14:18can it be replaced by a better
14:20alternative that can easily be
14:22scaled well there is what's known as web
14:25scraping technology and it's just
14:27getting better and better at basically
14:29finding massive amounts of data
14:31that you can you know scrape from
14:33different websites and then putting it
14:35into something that you can actually
14:37read this technology is getting better
14:38and better a lot of it is even being
14:40influenced by machine
14:41learning now so it might not be quite as
14:44good there might still be some advantage
14:46to doing things by hand but
14:48the fact that you can have that and it
14:5180 percent of the housing records that
14:52are out there and do it
14:54way way way better in terms of the
14:57amount of time that you have to spend on
14:58it and how fast it does it
15:00means that it can kind of be replaced
15:02and then the worst one is it absolutely
15:04can be outsourced the 20
15:06that the web scraping data misses you
15:08can have people go in there and manually
15:10look at that and it can absolutely
15:12be outsourced to another country number
15:15on the list this one did kind of
15:17surprise me but actually after i thought
15:19about it for a little bit it makes
15:22and that is going to be telemarketers so
15:24with this one you've got a
15:2699 chance of automation and 92
15:29of people agree with this there's 164
15:32000 telemarketers that are employed here
15:35and they make on average about 28 000 a
15:38much lower than average now for the big
15:41categories creative intelligence
15:43you don't really need much creative
15:45intelligence to be a telemarketer most
15:47actually read off of a script so it's
15:49almost like word for word they're
15:51reading off of a script pretty much no
15:53matter what you say they can get back
15:56doesn't really take that much like
15:57improbability or creative intelligence
15:59just to read off of a script
16:01social intelligence there is a little
16:03bit of social intelligence that's needed
16:05having sales skills is always a good
16:07thing however the thing that is really
16:10bad for this is it can be replaced by
16:12alternatives that are very easy to scale
16:15this is what i realized after reading
16:17so instead of hiring let's say like a
16:20thousand telemarketers in order to sell
16:22your product what you can do
16:24instead is you can contact a bunch of
16:26influencers out in the world
16:28that will sell your product and you will
16:30not have to pay them
16:31a full salary or you could just have one
16:34person you know do a video and then you
16:36ads to different websites in order to
16:39put that video in front of like a
16:40thousand different people
16:42it's not that the ability to sell things
16:45isn't good i mean it is still you know a
16:48it's just the fact that there are now
16:50alternatives out there where you can
16:52sell the same exact types of
16:54products in a different way that's much
16:57and much easier to scale now on top of
17:00this a lot of these things can be
17:01outsourced i mean i'm sure all of us get
17:03calls from telemarketers from other
17:05countries for instance
17:06if you haven't done it already make sure
17:08to gently tap the like button but
17:10smash the subscribe button and ring the
17:13heck out of the notification bell
17:14and comment down below if you have any
17:16thoughts comments criticisms etc and
17:18make sure to check out my other videos
17:20right here i made them just for you