Here is the bottom line: Canada cannot win. It would be like a high school football team competing against the super bowl champions. It is impossible for Canada to win. AI is coming. Within the next 10 years, AI will take a ton of jobs. In general, the vast majority of jobs will be manual labor. When AI takes over, there will be the wealthy that own the AI and the manual laborers. This is the problem that is being solved. The US has to get back manufacturing yesterday or the US is screwed. So, the only solution is massive supply chain destruction and rebuilding it. AI is evolving so fast that doing this quickly is the only option. This necessitates a comprehensive restructuring of global supply chains, executed with speed to keep pace with AI's rapid advancement. The strategic aim is, therefore, a fundamental re-engineering of existing supply networks. Destroying the current supply chain is the goal. China will lose. The US has no other choice. This is an economic war of survival. It started with George Bush Sr. I blame him for this. The US elite screwed the middle class and exported the middle class to China. China has been on the verge of an econ collapse. It just needs a little push. I think the odds are growing for a revolution in China within the next 5 years. Concurrently, we are observing proactive, and at times aggressive, US policies from figures like Trump aimed at literally forcing the return of manufacturing and job creation to American shores. Hence this: Project Stargate, led by Japan-based Softbank and U.S.-based OpenAI and Oracle, announced a $500 billion private investment in U.S.-based artificial intelligence infrastructure. Apple announced a $500 billion investment in U.S. manufacturing and training. NVIDIA, a global chipmaking giant, announced it will invest $500 billion in U.S.-based AI infrastructure over the next four years amid its pledge to manufacture AI supercomputers entirely in the U.S. for the first time. IBM announced a $150 billion investment over the next five years in its U.S.-based growth and manufacturing operations. Taiwan Semiconductor Manufacturing Company (TSMC) announced a $100 billion investment in U.S.-based chips manufacturing. Johnson & Johnson announced a $55 billion investment over the next four years in manufacturing, research and development, and technology. Roche, a Swiss drug and diagnostics company, announced a $50 billion investment in U.S.-based manufacturing and research and development, which is expected to create more than 1,000 full-time jobs and more than 12,000 jobs including construction. Bristol Myers Squibb announced a $40 billion investment over the next five years in its research, development, technology, and U.S.-based manufacturing operations. Eli Lilly and Company announced a $27 billion investment to more than double its domestic manufacturing capacity. United Arab Emirates-based ADQ and U.S.-based Energy Capital Partners announced a $25 billion investment in U.S. data centers and energy infrastructure. Novartis, a Swiss drugmaker, announced a $23 billion investment to build or expand ten manufacturing facilities across the U.S., which will create 4,000 new jobs. Hyundai announced a $21 billion U.S.-based investment — including $5.8 billion for a new steel plant in Louisiana, which will create nearly 1,500 jobs. Hyundai also secured an equity investment and agreement from Posco Holdings, South Korea’s top steel maker. United Arab Emirates-based DAMAC Properties announced a $20 billion investment in new U.S.-based data centers. France-based CMA CGM, a global shipping giant, announced a $20 billion investment in U.S. shipping and logistics, creating 10,000 new jobs. Venture Global LNG announced an $18 billion investment at its liquefied natural gas facility in Louisiana. AbbVie announced a $10 billion investment over the next ten years to support volume growth and add four new manufacturing plants to its network. Pratt Industries announced a $5 billion investment to create 5,000 new manufacturing jobs in Ohio, Michigan, Pennsylvania, and Arizona. Thermo Fisher Scientific announced it will invest an additional $2 billion over the next four years to enhance and expand its U.S. manufacturing operations and strengthen its innovation efforts. Merck & Co. announced it will invest a total of $9 billion in the U.S. over the next several years after opening a new $1 billion North Carolina manufacturing facility — including in a new state-of-the-art biologics manufacturing plant in Delaware, which will create at least 500 new jobs. Clarios announced a $6 billion plan to expand its domestic manufacturing operations. Stellantis announced a $5 billion investment in its U.S. manufacturing network, including re-opening its Belvidere, Illinois, manufacturing plant. In addition to its overall investments, Amazon announced it is investing $4 billion in small towns across America, creating more than 100,000 new jobs and driving opportunities across the country. Regeneron Pharmaceuticals, a leader in biotechnology, announced a $3 billion agreement with Fujifilm Diosynth Biotechnologies to produce drugs at its North Carolina manufacturing facility. NorthMark Strategies, a multi-strategy investment firm, announced a $2.8 billion investment to build a supercomputing facility in South Carolina. Kimberly-Clark announced a $2 billion investment to expand its U.S. manufacturing operations, including a new advanced manufacturing facility in Warren, Ohio, an expansion of its Beech Island, South Carolina, facility, and other upgrades to its supply chain network. Chobani, a Greek yogurt giant, announced $1.7 billion to expand its U.S. operations. $1.2 billion to build its third U.S. dairy processing plant in New York, which is expected to create more than 1,000 new full-time jobs. $500 million to expand its Idaho manufacturing plant. Corning announced it is expanding its Michigan manufacturing facility investment to $1.5 billion, adding 400 new high-paying advanced manufacturing jobs for a total of 1,500 new jobs. GE Aerospace announced a $1 billion investment in manufacturing across 16 states — creating 5,000 new jobs. Anduril Industries announced a $1 billion investment for a new autonomous weapon system facility in Ohio. Amgen announced a $900 million investment in its Ohio-based manufacturing operation. Schneider Electric announced it will invest $700 million over the next four years in U.S. energy infrastructure. GE Vernova announced it will invest nearly $600 million in U.S. manufacturing over the next two years, which will create more than 1,500 new jobs. Abbott Laboratories announced a $500 million investment in its Illinois and Texas facilities. AIP Management, a European infrastructure investor, announced a $500 million investment to solar developer Silicon Ranch. London-based Diageo announced a $415 million investment in a new Alabama manufacturing facility. Dublin-based Eaton Corporation announced a $340 million investment in a new South Carolina-based manufacturing facility for its three-phase transformers. Germany-based Siemens announced a $285 million investment in U.S. manufacturing and AI data centers, which will create more than 900 new skilled manufacturing jobs. The Bel Group announced a $350 million investment to expand its U.S.-based production, including at its South Dakota, Idaho and Wisconsin facilities — which will create 250 new jobs. Clasen Quality Chocolate announced a $230 million investment to build a new production facility in Virginia, which will create 250 new jobs. Fiserv, Inc., a financial technology provider, announced a $175 million investment to open a new strategic fintech hub in Kansas, which is expected to create 2,000 new high-paying jobs. Paris Baguette announced a $160 million investment to construct a manufacturing plant in Texas. TS Conductor announced a $134 million investment to build an advanced conductor manufacturing facility in South Carolina, which will create nearly 500 new jobs. Switzerland-based ABB announced a $120 million investment to expand production of its low-voltage electrification products in Tennessee and Mississippi. Saica Group, a Spain-based corrugated packaging maker, announced plans to build a $110 million new manufacturing facility in Anderson, Indiana. Hotpack, a Dubai-based maker of food packaging materials and related products, announced a $100 million investment to establish its first U.S. manufacturing facility in Edison, New Jersey. Charms, LLC, a subsidiary of candymaker Tootsie Roll Industries, announced a $97.7 million investment to expand its production plant and distribution center in Tennessee. Toyota Motor Corporation announced an $88 million investment to boost hybrid vehicle production at its West Virginia factory, securing employment for the 2,000 workers at the factory. AeroVironment, a defense contractor, announced a $42.3 million investment to build a new manufacturing facility in Utah. Paris-based Saint-Gobain announced a new $40 million NorPro manufacturing facility in Wheatfield, New York. India-based Sygene International announced a $36.5 million acquisition of a Baltimore biologics manufacturing facility. Asahi Group Holdings, one of the largest Japanese beverage makers, announced a $35 million investment to boost production at its Wisconsin plant. Cyclic Materials, a Canadian advanced recycling company for rare earth elements, announced a $20 million investment in its first U.S.-based commercial facility, located in Mesa, Arizona. Guardian Bikes announced a $19 million investment to build the first U.S.-based large-scale bicycle frame manufacturing operation in Indiana. Amsterdam-based AMG Critical Minerals announced a $15 million investment to build a chrome manufacturing facility in Pennsylvania. NOVONIX Limited, an Australia-based battery technology company, announced a $4.6 million investment to build a synthetic graphite manufacturing facility in Tennessee. LGM Pharma announced a $6 million investment to expand its manufacturing facility in Rosenberg, Texas. ViDARR, a defense optical equipment manufacturer, announced a $2.69 million investment to open a new facility in Virginia.
@Nine_Ender McKinsey is estimating that there will be 400 to 800 million job losses by 2030 so in the next ~5 years. Backoffice and admin jobs are gone. They will not exist soon. These numbers understate the disruption ahead. Most were calculated before the recent, unforeseen exponential leap in AI capabilities—particularly in general intelligence and large language models. 60% of the jobs in advanced economies are at risk of being replaced by AI But just 26% of jobs in low-income countries are similarly exposed 80% of the US workforce could have at least 10% of their tasks impacted by large language models (ARXIV) More than 7.5 million data entry jobs will be lost by 2027 (WEF) 47% of US workers are at risk of losing their jobs to automation over the coming decade (CEPR) 23.5% of US companies have replaced workers with ChatGPT (Resume Builder) 13.7% of US workers report having lost their job to a robot (Socius) 40% of jobs worldwide are exposed to AI (IMF) 19% of workers are employed in the jobs most exposed to AI (Pew) 27% of workers with a bachelor’s degree or higher are employed in jobs most exposed to AI (Pew) Workers in jobs considered most exposed to AI earned $13.3/hr more than those in jobs least exposed to AI (Pew) Widespread adaptation of current automation tech could affect half of the world economy (McKinsey) 34% of all business-related tasks are already performed by machines (WEF) 25% of all work tasks could be done by AI (Goldman Sachs)
Canada frequently beats the US in many different areas so your thesis fails. We have the intellectual capital always because of our great education system. However, many of the global leaders choose to HQ in the US so there is that aspect but in the end so what so many Canadians do really, really well. Business is global and technology transcends borders. Trump is trying to roll back the clock it won't work. Young Canadians are heavily sought after by top global firms. It was that way when I was in school in the 1980s and it may be even more so now.
You are not getting it. IP? Startups? Within 5 years, any 8 year old will be able to type one prompt and develop pretty much any app. For example, "Develop and clone of facebook." That is all it will require within 5 years to output a facebook clone. For arguments sake, let's presume that the following is accurate. 60% of the jobs in advanced economies are at risk of being replaced by AI ~164 million employed individuals employed in the US as of April 2025. 164,000,000 x .6 = 98,400,000 jobs loses in the next 5 years. What are you ideas to create ~ 100 million jobs in the next 5 years. Going forward, a level and fair playing field is the only option for suvival. Doing nothing will result in one of two scenarios. 1. mad max 2. UBI UBI is a double edged sword. Research mouse utopia. https://www.smithsonianmag.com/smar...k-predictions-for-humanitys-future-180954423/ What do you think the US should do to recover 100 million jobs in the next ~5 years? What are your solutions?
@Nine_Ender, It will not be long, most likely by the end of 2026, when AI will outperform almost all humans in all tasks. Link to chart Again, the following article grossly underestimates AI's disruption in the financial sector because this story was written before the exponential growth we saw in the last 3 months. What is your suggestion to replace these underestimated job losses in the following article? Their jobs will not longer exist in the job market. https://financialpost.com/fp-work/wall-street-shed-200000-jobs-ai-erodes-humans Wall Street expects to shed 200,000 jobs as AI erodes human roles Global banks are expected to cut as many as 200,000 jobs in the next three to five years as artificial intelligence (AI) encroaches on tasks currently carried out by human workers, according to Bloomberg Intelligence (BI).
You aren't getting it business always adapts all these grandiose forecasts never work out. My daughter has excelled in numerous jobs that didn't even exist 15 years ago. Her opportunities to make money are massive she has to pick and choose which projects interest her more. Cutting edge stuff.
JPMorgan Chase has more than 317,000 employees worldwide. While the exact number of back-office workers is not publicly available, it's estimated that roughly 40% of JPMorgan Chase's employees. 317,000 x .4 = ~126,800 back office jobs at JPM. 126,800 people will be replaced with AI and a small dev team overseeing the AI after launch.