ProfitSchool

Checking in on our 2024 Predictions

Jul 2, 2024

Hosts revisit their 2024 predictions discussing unexpected changes in business trends, a flat economy projection, AI advancements leading to staff reduction, AI consolidation affecting job positions, future trends emphasizing data privacy and skilled trades revival

31:00

Creator website

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

AI integration expected to reduce staff by 20%, with layoffs influenced by company size and stock performance priorities.

Future trends include AI's role in handling manual tasks, the rise of tiny homes as affordable housing, and the need for businesses to adapt to market disruptions.

Deep dives

Prediction Checkup: Layoffs Expectation vs. Reality

Expecting layoffs to persist through the first half of 2024 with improvement in the second half, the prediction was reviewed. While some layoffs like Tesla's supercharger team were observed, the scale wasn't as significant as anticipated, notably in tech firms like Google and Facebook. AI advancements driving operational efficiency and improved revenues appeared to align with the forecast overall.

Intro

2min

Economic Analysis and Revisiting Predictions

4min

Analyzing Future Interest Rates and Management Changes

2min

AI Progress and Industry Consolidation

20min

Reflecting on Economic Waves and Future AI Predictions

3min

Topics Covered In This Episode

2024 Predictions Check-In: Jeff and Mercer revisit their predictions from six months ago, reflecting on unexpected changes in business trends, especially in layoffs and partnerships.
Economic Outlook: The hosts discuss predictions for a flat economy with improved revenues and profits, noting a growing wealth gap and consumer spending trends.
AI Advancements: They highlight predictions about AI, including personal AI assistants, steady interest rates, and the increasing role of automation in the workplace.
Job Market Impact: AI's integration into various sectors is expected to lead to a 20% reduction in staff, with layoffs influenced by company size and stock performance priorities.
AI Consolidation: The duo discusses AI's ability to handle manual tasks, reducing the need for certain positions, and the absorption of smaller companies by larger platforms, like Microsoft's acquisition and integration of AI teams.
Future Trends and Adaptation: Insights on the importance of data privacy, the resurgence of skilled trades due to AI, the rise of tiny homes as affordable housing, and the need for businesses to rapidly pivot and adapt to respond to market disruptions.

Have a question or feedback about Business Unfiltered. Record an audio message https://s.bcast.fm/business-unfiltered-with-chris-mercer-and-jeff-sauer?episode=1npv2xkn

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.

ProfitSchool

Checking in on our 2024 Predictions

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Prediction Checkup: Layoffs Expectation vs. Reality

Economic Landscape: Consumer Spending and Debt Trends

Wealth Disparities: Divide between Haves and Have-Nots

Tech Evolution: Integration and Future of AI

Remember Everything You Learn from Podcasts