This is going to be like any invention. When the ATM came out, they said bank tellers are done. When excel got big, they said accountants were done. In fact accountants were supposed to be done several times over with each new accounting system. The most drastic one was horses and cars. Even then, horses still have 'jobs' they just look very different now. A fundamental truth of the economy is that product needs to be moved in order for a business to make sense. It really doesn't matter how good AI is at making shampoo, if there is nobody to buy it. The people buying it would need a job somewhere, doing something. Now, that's not to say "all is well" because it's also important to remember long stretches of history that are marked with starvation, genocide, etc.
For the software engineering roles it went slighlty differently. Juniors dev jobs were cannibalised as well as product management roles that were taken over by senior devs. Technical people will always be reallocated efficiently in a capital market that rewards efficiency.
As a software engineer, somehow the AI has managed to become even more useless at software dev 1 year later. Doesn't seem like it will replace even entry-level software engineers in this decade at least.
I’m not sure about this. I’m a writer director artist sound designer etc. I’ve been using AI for things but it requires a ton of editing and direction. I’m not sure it will ever be able to just do a job without a person behind it. I think customer service maybe like having an AI help you in the lower levels of a process. Until it gets to AGI in a physical robotic body, which it may sooner than later, I think it’s more of a democratizing tool as opposed to an equal to a human. The main issue is taste, creativity, inspiration, emotion and feeling. It has no idea what to do with these concepts besides regurgitating what it’s been fed. It may get more crafty and complicated but it’s still gonna be regurgitation. Ideas come from a higher more subtle plane of consciousness and a computer doesn’t have the hardware or the wet-ware to access it because we humans haven’t invented a machine to even detect it yet. Maybe if quantum computing is combined with AI and a cloned biomech but I think that’s at least a generation away.
I fully agree, and I have completely reversed my opinion based on the data. I've been posting these things on another channel dedicated to AI, Tech, and Science. The GenAI thing is hype. Just took me a bit to realize it. ruclips.net/video/ptK0VeyfHIk/видео.html
@@RichGilbert -from what I have learned externally and done internally , where the creative parts are concerned, the question comes down to who is buying. I am a creative sort that always had to depend on designers to interpret and execute on my quote vision. Now the AI can do that without the interlocutor, if I have the patience to do the prompting and editing which is the new skill. AI I cannot write the code unless the prompt can get the job done so I think these types of functions are in jeopardy but it depends on who is using them and the extent to which they are willing or are required to depend on third parties. I think gross billings will likely suffer for those performing such functions.
@@brandonguzman2757my current thinking on GenAI is that it’s another step in increased efficiency and productivity. But it won’t be taking jobs wholesale anytime soon. For many of the reasons you both mention
@@RichGilbertit says video unavailable. And btw your so right about customer service roles. Just recently saw a product ad where they trained AI to reply on customer calls and it's basically indistinguishable from humans
AI server rooms has to be the most guarded buildings or jobless people will burn them down. I don't agree on the architect part, its insane house prices all over due to greed of investors / immigration makes it insanely good passive income to rent out rooms.
I think there might be something not quite right with the system. Many things seem to be based upon presumption and supposition. Because somebody teaches something, that does not mean they really know anything.
So if ai takes all the jobs how will we purchase the things ai makes. If no one or even half population doesn’t buy anything because no money how will these ai companies even make money. There will be diminishing returns
TPM is a great job if you like project management in a technical environment. GenAI is in the trough of disillusionment. It’ll take a long time for it to be truly useful.
@pharmawithmiremad293 I think one of the best opportunities for consulting companies right now is in AI consulting - helping companies use AI to enhance their businesses. As for strategy consulting, we'll be using AI to augment and help the consultants initially. That will make things more efficient, and then... we have less need for so many people. Whether or not we reduce the number of consultants or if it will just add to the amount of consulting that can be done. Thanks for the comment!
Thanks, dear Rich, for your comments. AI in the early stage is great and helpful, but there are concerns about what will happen couple of years or months later?! Is there any job for human remains or not? and specifically for consultants. Moreover, AI speed to reach all human capabilities seems so fast
Copy writers are on the extinction list. Ai does copy writing better and faster. Granted, you still need an editor, but the days of marketing departments needing multiple copy writers is over.
I should update this. GenAI does great at anything that’s been done before and can be trained on. It does terrible on brand new things (which is more rare anyway)
Great video thanks! Our policticians should immediately start designing a universal basic income that goes up with every inch that AI makes the economy grow. And you know why? Because we, the people, deserve it! We made AI big with OUR data, without our data, there would be no AI. We can NOT accept that AI is gonna profit only a few , the fruits have to be equally distributed for else the chaos this is gonna cause in society is beyond repair and will cause civil unrest like never seen before!
I fully agree. Unfortunately I don’t see it happening for years. Maybe decades. The current system demands constant growth and im sure governments will be scared to just start giving money. However, OpenAI is working on a cryptocurrency using biometrics for UBI. scary stuff maybe
@@RichGilbertexactly. Our govt is basically a giant ponzi scheme requiring constant spending to slow down their liabilities. But it's already not sustainable which is why the national debt grows annually, by an ever increasing amount - in the TRILLIONS now. Only a matter of time before the USA defaults on their debt causing a spiral of inflation and the devaluing of the dollar against foreign currencies. Further spiralling as importing foreign goods will become too expensive (the whole reason we buy everything from China atm). As the price of goods sky rocket America will suffer hyperinflation causing confidence in our Fiat currency to further spiral. The terrifying thing is once the dominos start to fall, it will be unstoppable leaving the US with the choice of becoming the property of China (due to our massive default on our debt to them) or US will go with option 2: War. Fight China or become absorbed. Scary prospects
@@brandonguzman2757I waffle among three possibilities on geopolitics: 1. is just theater, 2. organized by an evil Cabal, and 3. a complete chaotic mess driven by people chasing their own self interests. I’m more and more convinced it’s the 3rd one these days… 😂
@@RichGilbert you are almost home rich. Why could it not be all three? the evil cabal creates theater to create distractions and outcomes enabled by credulous chaotic masses who are easily herded. I can recommend some reading that can help you see that tapestry unified.🙂
I’m not sure architects should be on this list. Architects not only produce drawings for construction, they also oversee construction to confirm things are built according to the design documents. There are a lot of front end things that AI might do, but architects will still be needed on the construction side. There might be less of them due to less buildings being built, but their input will be needed for assessment and renovations of large buildings, which will still be needed in the future.
I am a licensed civil engineer. I am pretty sure that the number of civil engineers needed to design projects will drop very quickly within 10 years. In particular, roadway designs have traditionally required dozens of engineers following well defined procedures. This is getting closer and closer to being fully automated.
I just appreciate the 1% lol for collecting all the wealth and then letting us know they took it from us on purpose so i dont feel bad when we decide to take it back... thanks 1%
The day programmers will not be needed anymore, it will be the end of all jobs. It's safe to say that on this day, all humans will become some kind of slave for some kind of conscious entity. Because you need to be conscious to program where every decision, change, move has an impact.
You missed the job that EVERYONE else missed. Nobody predicted this. There's no SciFi stories about this... you know those stories that warned us about the various dystopian futures we were supposed to avoid. We all sat back wondering when the truckers and taxi drivers would get laid of. We sort of knew that computers would eventually program themselves at some point. But, not one person on this planet predicted that the fashion models would go first. It's obvious in hindsight... if you can generate an image of anything, of course you can generate an image of a fashion model wearing or holding up some product. It's not the high-end beanpoles strutting down runways but rather the huge industry feeding websites and flyers. The models, the photographers... poof. Redundant. Okay, most of us will become redundant. Hopefully, we'll get to the point where every job is redundant and we can change the stupid economic model we live in now. But, the point I'm trying to get across is that nobody, NOBODY, predicted the first major casualty of this change, the first industry to go down in flames. What does that say about all of our other predictions? And yes, subscribed because of your other video on intelligence avoiding success... still working on that now :) This came up in my feed and, well, if you want to make predictions you have to expect people will poke you on it for years to come ;) And yes, I generally agree with your predictions. It's just that I'm not so sure humans are smart enough to actually make useful predictions at this point.
All human do as pattern Ai can learn it. We are not special. We have habit of mind, we figure out over the year our "system" that works over our lifetime (not anymore). HIED thesis, essays, grammar, all that kind of stuff is outdated big time.
With AI about to kill these jobs people should consider moving into the health care industry. We're going to need more health care professionals to care for all these dying workers 😎
Healthcare is a good one since there’s more regulation there. AI already does a great job at finding cancer and other things. And hospitals are experimenting with robots to move things around. So that’s another industry getting hit. Hopefully we figure it out before a lot of workers die 😀
Now, if you're an actual graphic designer, you'd know that AI won't touch you at all. In fact, it would just automate some of the aspects that are mundane. Basically, it will never tap into the mystery of the human creativity whatsoever. And how do I know that? Well, humans understand only a fraction of the mind, let alone creativity.
@@Aiphiaewhen that time comes then it means that 70% or more human jobs will be crushed too. Don't assume that yours is safe. And, btw. It's been a year since this vid has been made. And I see graphic designers are still here.
@@bradolfpittler2875 Sure, just about every field is going to be impacted, mine too (not sure why you felt the need for that) but Creatives aren't safe just because they're "creative." Any fool with a keyboard can create 10 iterations on a theme in mere minutes where it would have taken a designer a full work day to come up with one or two. Why is any company focused on profit going to pay an agency thousands of dollars when they can hire one in-house "designer" who can do 10 times the work in less time - and all of it will be as good as anything a skilled designer could do to the eye of a layperson? Sure, you're going to have some "top tier" designers and creative directors remain employed but they'll be making less and *everyone* below them will be completely hooped. My former CD made 350,000k a year - nobody is paying that *plus* the cost of designers to a firm when they can just move it all in-house. Those who remain will simply act as wordsmiths to refine the grids the AI churns out or ask it to change whatever colour in the illustration they just prompted it to make. There's nothing special about being creative - creative jobs are going to be (already are) the ones to get fucked first. Some of the least creative people I've ever met were considered "top designers" at our firm because they simply followed established rules and "stole like an artist." You say "this video is 1 year old but there are still designers" - well I see you forgot to mention that they have a rapidly increasing unemployment rate and a "job growth rate predictions well below the average for all occupations." - US Bureau of Labor Statistics.
Why would anyone want this? Specifically, Why would the corporations or the Governments of the world think it would be in their best interest to invest in technology that causes people to starve and become desperate?
They don’t need as many people in their their world. Notice the population dropping? Less fertility? They might speed it up with a big war. The UN Agenda 21 and 30- read those plans.
Look at the industrial revolution, most types of jobs that existed before it simply disappeared. This doesn't mean people stopped working. Other jobs, that probably we cannot imagine today, will emerge.
Funny to watch this a year later. If you think AI is going to leave ANY white collar job untouched you are sorely mistaken. And then what of the 2nd, 3rd, 4th, and 5th order affects. Without people, and people transacting it all falls to shit. If there is no one to sell to, no one makes any money and the whole shebang grinds to a halt. If you are rich and think 'lol peasants its not going to touch me' life will actually get harder for you relative to said peasants. Buckle up etc. etc.
This is going to be like any invention. When the ATM came out, they said bank tellers are done. When excel got big, they said accountants were done. In fact accountants were supposed to be done several times over with each new accounting system.
The most drastic one was horses and cars. Even then, horses still have 'jobs' they just look very different now.
A fundamental truth of the economy is that product needs to be moved in order for a business to make sense. It really doesn't matter how good AI is at making shampoo, if there is nobody to buy it. The people buying it would need a job somewhere, doing something.
Now, that's not to say "all is well" because it's also important to remember long stretches of history that are marked with starvation, genocide, etc.
This is different, this invention can do everything a human can do, just faster, cheaper and better.
@@Rakibrown111 if you can show me the AI that can buy products, I can show you the wages it'll require.
For the software engineering roles it went slighlty differently. Juniors dev jobs were cannibalised as well as product management roles that were taken over by senior devs. Technical people will always be reallocated efficiently in a capital market that rewards efficiency.
One year later and I can't find AI that will code my game idea into reality yet
Came here too to see how the advice ages.
AI and game design is a great question. Cyberpunk as a reality is coming as we readily accept augmentation w/ AI.
Dont know if i agree with you. What about cashiers in stores? I thougt that job would be automated a long time ago
Most of the checkout 'counters' are self-service in Australia now.
Already is isn't it. In my local stores it's two machines per one human cashier now
@@lightyear3429 More like 10 to one in Australia.
As a software engineer, somehow the AI has managed to become even more useless at software dev 1 year later. Doesn't seem like it will replace even entry-level software engineers in this decade at least.
Biggest change with ai is it removes the politics in businesses. Just pure productivity, hard to compete with that.
What about sex work? Asking for a friend.
the bots are coming for that
I’m not sure about this. I’m a writer director artist sound designer etc.
I’ve been using AI for things but it requires a ton of editing and direction. I’m not sure it will ever be able to just do a job without a person behind it.
I think customer service maybe like having an AI help you in the lower levels of a process.
Until it gets to AGI in a physical robotic body, which it may sooner than later, I think it’s more of a democratizing tool as opposed to an equal to a human.
The main issue is taste, creativity, inspiration, emotion and feeling. It has no idea what to do with these concepts besides regurgitating what it’s been fed. It may get more crafty and complicated but it’s still gonna be regurgitation.
Ideas come from a higher more subtle plane of consciousness and a computer doesn’t have the hardware or the wet-ware to access it because we humans haven’t invented a machine to even detect it yet.
Maybe if quantum computing is combined with AI and a cloned biomech but I think that’s at least a generation away.
I fully agree, and I have completely reversed my opinion based on the data. I've been posting these things on another channel dedicated to AI, Tech, and Science. The GenAI thing is hype. Just took me a bit to realize it.
ruclips.net/video/ptK0VeyfHIk/видео.html
@@RichGilbert -from what I have learned externally and done internally , where the creative parts are concerned, the question comes down to who is buying.
I am a creative sort that always had to depend on designers to interpret and execute on my quote vision. Now the AI can do that without the interlocutor, if I have the patience to do the prompting and editing which is the new skill.
AI I cannot write the code unless the prompt can get the job done so I think these types of functions are in jeopardy but it depends on who is using them and the extent to which they are willing or are required to depend on third parties.
I think gross billings will likely suffer for those performing such functions.
@@brandonguzman2757my current thinking on GenAI is that it’s another step in increased efficiency and productivity. But it won’t be taking jobs wholesale anytime soon. For many of the reasons you both mention
@@RichGilbertit says video unavailable. And btw your so right about customer service roles. Just recently saw a product ad where they trained AI to reply on customer calls and it's basically indistinguishable from humans
@@RichGilbertwell translators and some artists are taken out. The skill of drawing in Illustrator is worth much less when MJ can do it easy
Could you do a list on 5 AI proof jobs
AI server rooms has to be the most guarded buildings or jobless people will burn them down.
I don't agree on the architect part, its insane house prices all over due to greed of investors / immigration makes it insanely good passive income to rent out rooms.
I think you are a man of substance Rich with thoughts worth hearing.
There's no silver lining unless we get ubi or something but then we compete against ai for resources
I think there might be something not quite right with the system. Many things seem to be based upon presumption and supposition. Because somebody teaches something, that does not mean they really know anything.
So if ai takes all the jobs how will we purchase the things ai makes. If no one or even half population doesn’t buy anything because no money how will these ai companies even make money. There will be diminishing returns
Add finance, data analytics and business intelligence.
@RichGilbert, great content. I think AI is coming slow in Tech. What do you feel about the TPM( Technical Program Manager) job?
TPM is a great job if you like project management in a technical environment.
GenAI is in the trough of disillusionment. It’ll take a long time for it to be truly useful.
What about investment banking operations
Already starting to outperform them
Love your insights, Rich, but also... thank you for not making intros like this anymore haha.
Haha. The first 50-100 videos have to suck. It’s part of the process. 😀
Rich, thanks for the video. What about consulting and consultants?
@pharmawithmiremad293 I think one of the best opportunities for consulting companies right now is in AI consulting - helping companies use AI to enhance their businesses. As for strategy consulting, we'll be using AI to augment and help the consultants initially. That will make things more efficient, and then... we have less need for so many people. Whether or not we reduce the number of consultants or if it will just add to the amount of consulting that can be done. Thanks for the comment!
Thanks, dear Rich, for your comments. AI in the early stage is great and helpful, but there are concerns about what will happen couple of years or months later?! Is there any job for human remains or not? and specifically for consultants. Moreover, AI speed to reach all human capabilities seems so fast
Translators are already wiped out. You are just basically proofing the AI translation for mistakes for a penny per word.
Copy writers are on the extinction list. Ai does copy writing better and faster. Granted, you still need an editor, but the days of marketing departments needing multiple copy writers is over.
I should update this. GenAI does great at anything that’s been done before and can be trained on. It does terrible on brand new things (which is more rare anyway)
totally wrong on the creative jobs like graphic design and writing. Agree on programmers and customer service.
You wish. Love, a graphic designer.
Software engineering is a creative job. If AI helps us build software, then we'll just use the tools available to do so.
Hmm as a programmer... No you. Midjourney can do anything I need ; )
Yeah, AI creates a lot of crap. If your work is crap, you should worry.
Great video thanks!
Our policticians should immediately start designing a universal basic income that goes up with every inch that AI makes the economy grow. And you know why?
Because we, the people, deserve it! We made AI big with OUR data, without our data, there would be no AI.
We can NOT accept that AI is gonna profit only a few , the fruits have to be equally distributed for else the chaos this is gonna cause in society is beyond repair and will cause civil unrest like never seen before!
I fully agree. Unfortunately I don’t see it happening for years. Maybe decades. The current system demands constant growth and im sure governments will be scared to just start giving money. However, OpenAI is working on a cryptocurrency using biometrics for UBI. scary stuff maybe
@@RichGilbertexactly. Our govt is basically a giant ponzi scheme requiring constant spending to slow down their liabilities. But it's already not sustainable which is why the national debt grows annually, by an ever increasing amount - in the TRILLIONS now. Only a matter of time before the USA defaults on their debt causing a spiral of inflation and the devaluing of the dollar against foreign currencies. Further spiralling as importing foreign goods will become too expensive (the whole reason we buy everything from China atm). As the price of goods sky rocket America will suffer hyperinflation causing confidence in our Fiat currency to further spiral. The terrifying thing is once the dominos start to fall, it will be unstoppable leaving the US with the choice of becoming the property of China (due to our massive default on our debt to them) or US will go with option 2: War. Fight China or become absorbed. Scary prospects
@@RichGilbert come on Rich, you are too smart for that. There is no maybe about it and geopolitics is nothing but theater.
@@brandonguzman2757I waffle among three possibilities on geopolitics: 1. is just theater, 2. organized by an evil Cabal, and 3. a complete chaotic mess driven by people chasing their own self interests. I’m more and more convinced it’s the 3rd one these days… 😂
@@RichGilbert you are almost home rich.
Why could it not be all three?
the evil cabal creates theater to create distractions and outcomes enabled by credulous chaotic masses who are easily herded.
I can recommend some reading that can help you see that tapestry unified.🙂
I’m not sure architects should be on this list. Architects not only produce drawings for construction, they also oversee construction to confirm things are built according to the design documents. There are a lot of front end things that AI might do, but architects will still be needed on the construction side. There might be less of them due to less buildings being built, but their input will be needed for assessment and renovations of large buildings, which will still be needed in the future.
I am a licensed civil engineer. I am pretty sure that the number of civil engineers needed to design projects will drop very quickly within 10 years. In particular, roadway designs have traditionally required dozens of engineers following well defined procedures. This is getting closer and closer to being fully automated.
So the richness of humanity is going bye bye? Don’t think so
Have you been to any major city lately?
I just appreciate the 1% lol for collecting all the wealth and then letting us know they took it from us on purpose so i dont feel bad when we decide to take it back... thanks 1%
The day programmers will not be needed anymore, it will be the end of all jobs. It's safe to say that on this day, all humans will become some kind of slave for some kind of conscious entity. Because you need to be conscious to program where every decision, change, move has an impact.
The ai tools will be used but the world is not that advanced and trusting to give in to AI
You missed the job that EVERYONE else missed. Nobody predicted this. There's no SciFi stories about this... you know those stories that warned us about the various dystopian futures we were supposed to avoid. We all sat back wondering when the truckers and taxi drivers would get laid of. We sort of knew that computers would eventually program themselves at some point. But, not one person on this planet predicted that the fashion models would go first.
It's obvious in hindsight... if you can generate an image of anything, of course you can generate an image of a fashion model wearing or holding up some product. It's not the high-end beanpoles strutting down runways but rather the huge industry feeding websites and flyers. The models, the photographers... poof. Redundant. Okay, most of us will become redundant. Hopefully, we'll get to the point where every job is redundant and we can change the stupid economic model we live in now. But, the point I'm trying to get across is that nobody, NOBODY, predicted the first major casualty of this change, the first industry to go down in flames. What does that say about all of our other predictions?
And yes, subscribed because of your other video on intelligence avoiding success... still working on that now :) This came up in my feed and, well, if you want to make predictions you have to expect people will poke you on it for years to come ;) And yes, I generally agree with your predictions. It's just that I'm not so sure humans are smart enough to actually make useful predictions at this point.
All human do as pattern Ai can learn it. We are not special. We have habit of mind, we figure out over the year our "system" that works over our lifetime (not anymore). HIED thesis, essays, grammar, all that kind of stuff is outdated big time.
With AI about to kill these jobs people should consider moving into the health care industry. We're going to need more health care professionals to care for all these dying workers 😎
Healthcare is a good one since there’s more regulation there. AI already does a great job at finding cancer and other things. And hospitals are experimenting with robots to move things around. So that’s another industry getting hit. Hopefully we figure it out before a lot of workers die 😀
@@RichGilbertwhat about lawyers? One would think being regulated and having high cost of mistakes would save them
Now, if you're an actual graphic designer, you'd know that AI won't touch you at all. In fact, it would just automate some of the aspects that are mundane. Basically, it will never tap into the mystery of the human creativity whatsoever. And how do I know that? Well, humans understand only a fraction of the mind, let alone creativity.
AI will crush graphic design. Even "actual" designers. It's just a matter of time.
@@Aiphiaewhen that time comes then it means that 70% or more human jobs will be crushed too. Don't assume that yours is safe.
And, btw. It's been a year since this vid has been made. And I see graphic designers are still here.
@@bradolfpittler2875 Sure, just about every field is going to be impacted, mine too (not sure why you felt the need for that) but Creatives aren't safe just because they're "creative."
Any fool with a keyboard can create 10 iterations on a theme in mere minutes where it would have taken a designer a full work day to come up with one or two. Why is any company focused on profit going to pay an agency thousands of dollars when they can hire one in-house "designer" who can do 10 times the work in less time - and all of it will be as good as anything a skilled designer could do to the eye of a layperson?
Sure, you're going to have some "top tier" designers and creative directors remain employed but they'll be making less and *everyone* below them will be completely hooped. My former CD made 350,000k a year - nobody is paying that *plus* the cost of designers to a firm when they can just move it all in-house. Those who remain will simply act as wordsmiths to refine the grids the AI churns out or ask it to change whatever colour in the illustration they just prompted it to make.
There's nothing special about being creative - creative jobs are going to be (already are) the ones to get fucked first. Some of the least creative people I've ever met were considered "top designers" at our firm because they simply followed established rules and "stole like an artist."
You say "this video is 1 year old but there are still designers" - well I see you forgot to mention that they have a rapidly increasing unemployment rate and a "job growth rate predictions well below the average for all occupations." - US Bureau of Labor Statistics.
Hmmm sounds like something a graphic designer would say…
But less graphic designers will be needed
aged like milk
Yes AI can replace mathematician s..in.. next..1000 years!!
Psychology, Judges, Teachers, and so on.
All of them are going to be replaced
I think you're wrong about programmers It's too much work to debug the AI written code it's way faster to write it yourself
Yep, these are just options, and arguably pretty uneducated ones.
Wrong, you are one or two years from all coders getting replaced
@@Rakibrown111 Put your money where your mouth is.
@@Rakibrown111 Do you work in the industry? We are 2 years into people claiming programmers will be replaced 2 years ago.
@@0x6e95 yea I do, I have two AI companies. Coders will be as important as morse code experts were after the invention of the telephone.
Why would anyone want this? Specifically, Why would the corporations or the Governments of the world think it would be in their best interest to invest in technology that causes people to starve and become desperate?
They don’t need as many people in their their world. Notice the population dropping? Less fertility?
They might speed it up with a big war.
The UN Agenda 21 and 30- read those plans.
Look at the industrial revolution, most types of jobs that existed before it simply disappeared. This doesn't mean people stopped working. Other jobs, that probably we cannot imagine today, will emerge.
Why would corporations want less employees? That’s pretty obvious, I think.
Funny to watch this a year later. If you think AI is going to leave ANY white collar job untouched you are sorely mistaken. And then what of the 2nd, 3rd, 4th, and 5th order affects. Without people, and people transacting it all falls to shit. If there is no one to sell to, no one makes any money and the whole shebang grinds to a halt. If you are rich and think 'lol peasants its not going to touch me' life will actually get harder for you relative to said peasants. Buckle up etc. etc.