Why Argentina Is the Test Case for the Whole World, 1.93 Million Americans Have Been Jobless for Six Months, AI Will Break the Banks| Weekly Recap

What's up, everybody? It's Tom Bilyeu here: Want my help starting a business? Join me here inside Zero To Founder https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20show Sign up for my AI Masterclass: AI Masterclass https://tombilyeu.com/ai-masterclass?utm_campaign=Live%20Masterclass&utm_source=podcast&utm_medium=evergreen Follow Me: Instagram:https://www.instagram.com/tombilyeu/ Tik Tok:https://www.tiktok.com/@tombilyeu?lang=en Twitter:https://twitter.com/tombilyeu YouTube:https://www.youtube.com/@TomBilyeu WOI EPISODES: FOLLOW LISA: Instagram: https://www.instagram.com/lisabilyeu/ Twitter: https://twitter.com/lisabilyeu YouTube: https://www.youtube.com/womenofimpact Tik Tok: https://www.tiktok.com/@lisa_bilyeu?lang=en Tailor Brands: Check out Tailor Brands to get started with your business today: https://bit.ly/TailorBrandsSept Quince: Free shipping and 365-day returns at https://quince.com/impactpod ElevenLabs: Book your demo at https://elevenlabs.io/impactpod Cash App: Download Cash App Today: https://capl.onelink.me/vFut/v6nymgjl#CashAppPod *Cash App is a financial services platform, not a bank. 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Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact The team digs into Argentina's Javier Milei—the self-described "anarcho-capitalist" who took office swinging a literal chainsaw as a symbol of slashing the state—and debates whether his radical austerity experiment is genuinely working or being propped up. The host walks through the reported results: inflation, once running catastrophically hot, has come down sharply; Argentina posted its first budget surplus in years after Milei gutted ministries, subsidies, and public spending; and markets initially cheered. But the picture is contested—austerity drove a painful recession, poverty and hardship spiked before any recovery, and the sustainability of the turnaround is very much in question. The conversation turns to the striking news that the US, via Treasury Secretary Scott Bessent, extended Argentina a roughly $20 billion currency swap line—an unusual intervention that raises the obvious question: if the experiment is working on its own merits, why does it need a multibillion-dollar backstop from Washington? The hosts weigh the genuine case for Milei (that a broken, chronically overspending state needed shock therapy, and that someone finally had the political will to stop the bleeding) against the skeptical read (that the numbers are cherry-picked, the human cost is being downplayed, and the whole thing may be a bubble held up by foreign capital and ideological cheerleading). It becomes a broader argument about whether you can actually cut your way to prosperity, what "working" even means when measured against real people's suffering, and why Argentina has become a global ideological test case that both the free-market right and the interventionist left are desperate to claim. The team digs into the August jobs report and the gap between a headline unemployment rate that has held steady at 4.1% and a long term unemployment picture that keeps deteriorating, with 1.93 million Americans now jobless for 27 weeks or more and long term unemployed making up 27% of everyone out of work. The argument is that the official rate hides real dysfunction by excluding people who have stopped looking, and that the on the ground experience of job seekers already matches what a recession feels like even though it isn't technically one. Ryan brings his own nine month search to the conversation, including ghost listings that companies never intend to fill and automated resume screening that rejects applicants within hours, and pushes back on the idea that this is a personal failure. The counterargument is that entry level roles are the ones AI hits hardest, that the era of training people up from scratch is ending, and that the way through is demonstrating you can already do the work rather than asking for a foot in the door. It closes on a blunt message to Gen Z about competing in a market where the competition never sleeps. The team talks about how AI will affect your bank and money. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

• 0:00Speaker 00

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• 0:49Speaker 02

  And speaking of Malay in Argentina, he's doing a victory lap right now because inflation numbers came in and they came down huge. We're talking 20 percentage points. So in December of 23, when he took office, it was at 25.5.

• 1:04Speaker 03

  That's monthly, man.

• 1:05Speaker 02

  June 24th, it was 4.6. December 24th, 2.7. So every six months, it's been fluctuating or going trending down ultimately. But like it or not, going from 25.5 to 1.7, that is a win. And shout out to Malay for actually cutting it down.

• 1:22Speaker 03

  It is a massive win. Yeah, what he's doing there is absolutely incredible. It's a great example, but of course, people look at it, they want to see him fail. So there's tons of propaganda against what Malay is doing. But it is absolutely fascinating to see him actually get that country under control. And it starts very simply. You must balance the budget. And so he's got government surpluses for the first time in God knows how long and is actually using it to get the country stabilized and moving in the right direction. It is not easy and of course, there are going to be plenty of difficulties along the way. But what he's already accomplished is breathtaking. I'd be very interested to see if he's able to retain power. We'll see.

• 2:03Speaker 02

  Do you think austerity can work in America with our mannerisms, our culture, stuff like that?

• 2:09Speaker 03

  Will we go for it or will people revolt in the streets? We will probably look like France, which France is an embarrassment. What a tragedy. What a tragedy. But yeah, I fear that we're going to look very similar to that. My only hope is because we don't have, we have a very strong contingent, contingency in America that is very entrepreneurial. And my only hope is that we're able to push back much harder against the lunacy of, I'm not even, I hate saying the lunacy on the left, it just makes us so partisan, but people that have that mentality of like, we don't want to grow, the capitalist system is, is the root of all evil.

• 2:52Speaker 03

  They're completely divorced from the reality of the human experience. Like we have to avoid that mentality. So France, I don't know if they ever quite had that. So my hope is that America, spending 250 years collecting the most entrepreneurial people in the world, that we have a little bit of cultural juice that we can lean on. We have a way better origin story that we can point people at, that we can revitalize that. Gen Z, Gen Alpha, like I'm really looking at you guys, man. And so wanting to see them rise up with a mentality of, wait a second, I want to play to win. I don't want to just sit back and, you know, not live a life with meaning and purpose. So fingers crossed.

• 3:34Speaker 03

  But I do worry that it's going to look very French for a while as the two sides go to battle, where austerity in and of itself is met with violent protests.

• 3:44Speaker 02

  And just for the record, austerity is different than trickle down economics. Austerity is just pretty much balancing the budget, fiscal discipline. Trickle down economics is a political talking point.

• 3:56Speaker 03

  Well, let's talk about trickle down economics because it's something that people use to try to make out like, hey, rich people getting rich doesn't help anybody else. So fuck those kids. I don't want to hear another word. It never seems to trickle down. There's a mechanism. Once you identify the mechanism of why it doesn't quote unquote trickle down, then you can stop the madness from happening. When people are doing well, when the wealthy class is doing well, it does create jobs. And this is why you see in the eighties, we pull out of the death spiral that was the seventies. And I think people lose sight of that. So it actually did work. And so the question becomes, why do you still get this hollowing out of the middle class? Because that ultimately is what people care about. The reason you get the hollowing out of the middle class is you go from the eighties into

• 4:40Speaker 03

  the nineties where we start globalizing and we start bringing in cheap labor and we start sending jobs overseas. And that is why the quote unquote trickle down economics never actually reached people is so many of the jobs that were being created by the boom just ended up going elsewhere. This is why you've got to figure out, like if you're on the left, you've got to figure out, okay, what are we going to do that's like Trump's policies, but are better? I'm super open to something better. But what he's trying to do is return to Hamiltonian economics where you're trying to be protectionist so that your industry is here. And so by building here, by making things here, not only are you in a much stronger position from just, I don't have everything being made by an adversary, but you're also creating jobs. Remember, not everybody wants a white collar job.

• 5:24Speaker 03

  Not everybody is cut out for a white collar job. So if you don't have blue collar jobs, there's a huge part of your population that's just not going to be able to make enough money and your workers are disempowered. And if you want to see people get more money, it isn't about bringing in unions. I've covered this over and over. It is about the ability to actually do a thing that we're not just sending somewhere else. I'm going to set AI aside for now and robotics for now. But if you just look at what it takes to empower the workers so that they can drive their wages up, you've got to be manufacturing here in the US. And so the fact that we were importing cheap labor and exporting jobs, you've got this double whammy. It didn't have to do with the fact that, oh, wealthy people are getting wealthy.

• 6:09Speaker 03

  So you want to see people that are productive with their money. That's a huge part of this, meaning they're builders. So getting mad at Elon is fucking, getting mad at somebody who's third generation money. Okay, I understand the beef. So when you're looking at people that are productive with their money, meaning they're creating things or creating jobs, they're making your way of life actively better, they're creating jobs for people, especially if they're doing it here in the US. These are the kinds of things that we should be celebrating, looking at and making sure that we have policies that protect it because that's how money gets into the economy. Money into the economy means jobs, means everybody is getting paid, which means everybody is feeling better. It's only when all of that money is leaving that it becomes a problem.

• 6:53Speaker 03

  Now, again, as a PSA reminder, you can and should be investing dramatically into the stock market, into assets, into assets. Let me be way clear. If you do that, you can protect yourself from the real foundational evil that you're actually fighting against, but are having a hard time naming, which is bankers and politicians and the fact that we use central banking and we run deficits because politicians know if they promise free stuff, they'll get reelected. And by doing that, we drive people into a position where if you're only holding your cash, you're guaranteed to get stolen from by the government. Therein lies the problem. There are mechanisms for all this stuff. It can all be tracked back.

• 7:37Speaker 03

  There's no mystery to what's going on. And since there's no mystery, you can point at the policies that you actually need to change. If you want to talk about affordability, things are more affordable than ever, except for a handful of things you care about so fucking deeply that is completely deranging your life. The $20 burrito is a complete myth. That's you just wanting to stay at home and having it delivered to you. However, your housing is fucking, and so figuring that out, figuring out your healthcare, those would be two huge things. Again, where's the mechanism? What is the actual thing that's broken? And then how do we fix it? It's all fixable, but we've got to have the actual willingness to look at what the mechanism is that's a problem, not stopping at emotions, not hitting people in the face with a fucking pie because they're teaching about energy policy. That's full retard.

• 8:21Speaker 03

  Instead, what we need to be doing is saying, okay, I live in a universe of cause and effect. What is the cause and effect here? What was the thing that we voted for? When did we vote for it? Or where are we being bamboozled, right? Because you are being strip mined through deficit spending right now. You are being strip mined by the global elite. I wish all of that were fake. Unfortunately, it's not, but you can actually go look at it and you can see how these policies work and you can see how they're going to impact you. And if you're not well diversified into assets, you're going to get clobbered. We're hitting pause for a moment, but there's plenty more ahead, so don't go anywhere. There's a reason Quince sells cashmere for $60 and it isn't the cashmere. It's real 100% Mongolian cashmere.

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• 10:58Speaker 03

  Thanks for sticking around. Let's get right back into the action.

• 11:00Speaker 02

  We got to jump over to the chief economist at Apollo, where he claimed that agents could cause a bank run by sweeping household cash into accounts paying three to five percent instead of the point one national average, causing banks to lose a large share of their cheap deposits.

• 11:15Speaker 03

  It's all too true, boys and girls. The chief economist at Apollo sounded the alarm on AI, saying it could cause automated bank runs and wreak havoc, way more, by the way, than people are prepared for. Horstin Sloc, who's the chief economist at Apollo Global Management, he put out a note on September 27th that was titled, "Is An Agentic Bank Run Coming?" Now, to understand whether he's right or wrong about this, you have to understand how a bank run actually works. So, you guys, we all deposit our money into a bank, bank lends most of that money out, they keep an absolutely tiny sliver on hand, because for the most part, people don't want their money back. That's the whole model. You give me money, I loan out virtually all of it,

• 11:59Speaker 03

  and I just pray to sweet baby Jesus that you do not come and ask for that money all at the same time. Now, it works, because honestly, people are pretty lazy about their cash, and for the most part, people really don't want it back. People aren't constantly shopping around for the best return on their savings account. Most people don't even have money in a savings account. So, you got, like, right now, fintech accounts that pay, like, 3.3%, maybe up to 5% in interest, obviously. And they do that as a way to entice people to their institution, but it's not a lot, and they know that they don't have to pay a lot, because regulators have strangled innovation to absolute death and have turned banks into a large cartel. That's the very sad news, but nonetheless, that's where we are. So, people are just pretty

• 12:44Speaker 03

  numb to it. This is exactly what we were just talking about. It all happens in broad daylight. It's there for anybody to understand, but most people are not going to understand that there's no competition in banks, because the banks have gotten themselves regulated into, like, this niche little area. So, they don't have to give you much of what they're earning. Now, banks have been living off of this, what I consider very immoral setup, for a very long time, but with AI, this is all set up to change in very dramatic fashion. So, Meta launched something called Muse, and through Plaid, Muse can already see your balances, your transactions, and your investments across more than 12,000 financial institutions. Like,

• 13:25Speaker 03

  this is already big. That's what it is today. These are early innings. This is obviously going to get way bigger. AI can't move your money yet, but it's going to be able to soon enough. The second people are confident that AI is not going to do something stupid, and what people will probably do is give it a little bit of cash, tell it to go find something, then a little bit more, a little bit more, and you do things so that if it goes haywire, it doesn't go haywire with all of your money. So, you've got extreme confidence, because you've seen it work well, then you do it in small chunks. And so, when this happens, it is going to change things fast. So, Sloc's entire point is that the moment that AI can move your money,

• 14:05Speaker 03

  AI will likely, there's no guarantees, but it's likely going to sweep every idle dollar and move it over into the highest yield. And it's going to do it while you sleep automatically, and it will do it for millions of people, millions, tens of millions, hundreds of millions? And so, right now, the software that runs these institutions is just not prepared for this. So, all of these systems are vulnerable to just a change in the way that we operate life by using AI. Now, I don't know about you guys, but the amount that I use AI now is a lot. And so, the second I get comfort that it really is a more efficient way, even if, by the way, all I do is say, "Okay, I'm not going to let you move my cash. Just go

• 14:50Speaker 03

  find, where should I be putting my cash?" And it goes and finds, "Okay, this bank is offering this payment. You could put some here, put some there," and then I go and do it myself. Even that can cause such rapid movements in the dynamic of how people bank, it's going to get crazy. And we're still waiting on legislation that would make it clear whether crypto companies are going to be able to offer, like, good payments. Right now, I think it's still living in a gray area, but man, if legislation gets passed there, and those guys can incentivize people by offering a bigger payout than the banks, holy hell, people will start putting their money into a lot of more interesting places. Now, some people will lose their money, because they will get enticed by something

• 15:33Speaker 03

  that's just way too much risk for the reward, but nonetheless, people will do it for sure. But it will bring back innovation to the banking sector in a huge way. Now, I'm a big believer that we are suffering from the banks not having to sing for their supper. The banks have a cartel, and so, we are all locked out from the kind of gains that we could be getting if we had a banking system that actually had to compete. There's more risk in that system, but I believe that people should be able to take the risk that they want. And so, I think this is an industry that needs to be disrupted, if for no other reason, then they have to start offering more. I'm perfectly happy for people to stay in the traditional banking sector, but damn it, they've got to earn that right, because right now,

• 16:14Speaker 03

  they can just take it as de facto that you've got nowhere else to go. So, those days are numbered, man, and the banks better update their systems, first of all, just to deal with AI. They better really start thinking about how much they keep on hand, because bank runs are not going to be what they used to be, where it's like, basically, nobody's going to touch it. AIs can and will be moving money in the future. Now, is that five months from now, five years from now, 10 years from now? I don't know, but it ain't more than 10 years. So, they've really got to get their shit together.

• 16:47Speaker 02

  Are they just OG regulatory capturers?

• 16:50Speaker 03

  Yes. They are the most offensive.

• 16:52Speaker 02

  Like, yeah, they just have a big boat around them, and they can just do whatever they want with their money. It's crazy. Have you used Muse yet?

• 16:59Speaker 03

  No.

• 17:00Speaker 02

  Muse isn't bad.

• 17:01Speaker 03

  What do you use it for?

• 17:02Speaker 02

  I am moving at the end of this month, so, or at the end of the year. So, I set up, like, apartment things. I was like, "I'm looking for this area. Come and give me pings if you see something." So, I get, like, an email, like, every, well, I had to connect my Gmail. I didn't want to do that. So, it, like, sends a notification, and I log in, and it says, like...

• 17:20Speaker 03

  So, it's basically, like, doing your apartment hunting and all that?

• 17:23Speaker 02

  Yeah, in the background.

• 17:23Speaker 03

  Very interesting.

• 17:25Speaker 02

  Yeah, and then looking for, like, appliances. So, it's like, I don't really need an agent. I know I will, but everything is just 75%, and that 25% is the thing I need help with. The 75% is typically, like, hard, but Muse is, like, idiot-proof. Like, I'll do anything for you. Just tell me what to do. And I think that it's their chat GPT moment for agents, where it's very offline, it does it in the background, comes back with the things that you want, so you just don't have to think about it.

• 17:48Speaker 03

  Let's go. Yeah. All right. I'll have to take a look at that, because there's plenty of things I could have it on, on top of.

• 17:53Speaker 02

  I think Meta did a great job with that, in hindsight, with everything else that's going on, which is why they don't want regulatory capture to happen with AI, because they finally figured something out.

• 18:01Speaker 03

  Also, they're very big on open source, which is, like, one of the big things that gets killed by regulation. That should just get shot dead.

• 18:09Speaker 02

  Yeah. Okay. It seemed, like, on paper, this does sound good, but what this is telling me is that once AI proliferates into other regions, it's just another, banking is just another sector, it's going to destabilize. So, I don't necessarily think that the agents equal banks turning on fire, but more so agents educating the populace about other places to put their money, causing a banking industry to feel the heat.

• 18:36Speaker 03

  Yes, it's going to force them to innovate. So, to me, this is, we do need to be ready from a technological perspective. If we are not anticipating this, and the AI systems start engaging with the banking system in a way that is destabilizing, that would obviously be bad. You've got to get things set up so that the banks rethink how much they keep on hand in terms of reserves. I hope that there is some pretty radical change there, so that the banks are just more solvent, because they are very aggressively not right now. So, those would be good things, but I just want to see competition brought back to the banks. It is wild to me, the kinds of protections that they have at this point. Taking a short break, but there's more Impact Theory after. Stay tuned.

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• 21:25Speaker 03

  Thanks for staying tuned. Now, let's get back to it.

• 21:27Speaker 06

  Tell us about what's happening with the job market right now.

• 21:29Speaker 03

  All right, man.

• 21:29Speaker 06

  I think actually I might be in the stats for this one.

• 21:33Speaker 03

  You might be in the stats. What do you mean?

• 21:34Speaker 06

  2023 is where this is pulled from.

• 21:36Speaker 03

  Ah, oh, oh.

• 21:37Speaker 06

  I think I was in the stat at that point.

• 21:38Speaker 03

  Interesting, interesting. Okay, yeah, that'll be a fun way to look at it. Okay, so the job market, boys and girls, it is not looking so good. If you zoom out and look at long-term unemployment, in February of 2023, 1.06 million Americans have been out of work for six months or longer. As of August, it's 1.93 million. That's August of this year. So that's an 82% surge in three and a half years. Now, if you put that next to overall unemployment over that same stretch, the total number of unemployed Americans went from just under 6 million to 7 million. So that's up 17%. So the pool of unemployed people grew as well.

• 22:19Speaker 03

  But the number stuck in for half a year or more grew almost five times as fast. So back in early 2023, fewer than 1 in 5 unemployed Americans had been searching for six months or more. Now, it's more than 1 in 4, ish. The average unemployed person has been out of work for 26 weeks. That's up from 19, and that's past the six-month mark, obviously. So all of this is happening without a recession. This is why I say, like, is it happening without a recession? Or all the things that we try to point at to explain why a recession is bad, they're happening. We just keep moving the goalposts enough that it's not technically a recession. Also, there are just different parts of the economy now.

• 23:01Speaker 03

  And so if the top half of the K is keeping this from looking like an actual recession, and technology, by the way, if those two things are keeping this from being a technical recession, but the on-the-ground experience of people is that, yeah, this matches all of the bad things of a recession, then aren't we in a recession? That's contested. But the unemployment rate has held steady at like 4.1%. That number makes me so angry, though, I cannot see straight. Why does it make me angry? Because you're anybody that says, "I'm just not looking for a job anymore." They just take that person out. That should strictly be people that are unable to work because they are injured or mentally ill, and people that have retired. That are the, those are the only people that should be pulled out of that. But anyway, it's not.

• 23:44Speaker 03

  And so that number hires a, hides a whole lot of dysfunction. Employers added 162,000 jobs in August. I would expect that number to be revised down, but whatever. So you've got a job market that is steady, but long-term unemployment is not going in the direction that we want. It's going in the exact opposite direction. So we'll see how this all plays out. But right now, things are not looking good. When you take into account the fact that people are bouncing out of the job market altogether, those numbers are very distressing. I did a read on those numbers maybe six or eight months ago. And when you put them together, the whatever 4.1% that are looking but are unable to find

• 24:27Speaker 03

  a job, plus the like 8% that have just opted out, and I guarantee that number's higher now, now you start looking at an unemployment rate of 12%. So that's where all of that gets a lot more distressing. I don't think people are being honest about that. So that's why I say the obsessive focus has to be on middle-class, working-class people. You've got to get jobs, factory jobs, build, create tangible things in your neighborhood with local labor. That is where we have to be focused if we want to get some real gains there. Because long-term unemployment is aggressively moving in the wrong direction. Now, it seems to be, right now, like year-over-year, August-over-August, it's pretty flat.

• 25:10Speaker 03

  So my hope is that what we're seeing is sort of flattening out of that, and that hopefully those 162,000 jobs that were added in August end up being real. But they've been revised down so many times. I'll believe it when I see it.

• 25:24Speaker 06

  Yeah, I think the biggest thing is, is just speaking from my own experience, is just like, no one is hiring. There's all these different fake listings that get put up on all these sites. I mean, before I was working.

• 25:33Speaker 03

  It's insane to do that.

• 25:34Speaker 06

  So that's the thing they do. They will put up a position that either constantly rotates, or they just don't plan to fill, fill anytime soon, or they already have someone else in mind. And they'll put a listing up just to show that, "Oh, no, we are putting public job offers." I think legally, big companies, and I'm speaking from the entertainment industry, so I don't know the rest of the world. But these big companies like Warner Brothers and stuff have to list the jobs even when they have someone in mind for it.

• 26:00Speaker 03

  Right, sure, sure, sure.

• 26:00Speaker 06

  And so what happens is they'll just throw up these lists, and then they never look at any of it. And like, for me, it was, if you don't count my gig work, because I do think gig work's a big problem in America. I think it's a great thing to have, but I think we've become too reliant on that as the main form of employment. But there were nine months where I was just working gig jobs to make ends meet. And you got to do that, sure, that's life. But the fact that I spent nine months with the resume I did, and y'all are the only ones who accepted me? I know a lot of people use that as like an argument in chat of like, "Well, then you just don't actually have a good resume. You're a liar." And it's like, "No, I definitely do. I ran a TV station. I had a radio show."

• 26:35Speaker 03

  Your resume was sick. I'm actually scandalized that, and now we've worked together long enough, I know you're actually good at your job as well.

• 26:41Speaker 06

  Yeah, thank you. But that's the whole thing. It's like, it took me nine months to even get an interview. And that's the problem with the job market right now, is it's just no one is hiring.

• 26:48Speaker 03

  That's one thing, I think, I don't know that I'm going to grant you that nobody's hiring. I think that is very much your perspective in that you're young, a lot of the things you're going for are very popular positions, first of all. And then, second, it's largely entry-level position. When you look at entry-level jobs, I think these are going to be hurt the most by AI. So with AI, it opens up incredible new opportunities because you need only show people that you can do the thing. And by the way, you can just go do the thing yourself. That's a huge transformation I don't think people fully understand yet. But it does mean it's going to be harder to get a foot in the door, and that's where it gets scary. And more people are just going to have to go create something, whether it is the ultimate

• 27:31Speaker 03

  accounting spreadsheet, or it's cut a clip for free and show somebody, "Listen, post this, you're going to see." Because one of the things that I do when I look at, whether it's an editor or a social media person, is show me that you have a private account that you've been able to drive results for. Because then I know you can take something that is small, that it's not just you were working for a big, well-known person, you were able to do something for them. A lot of that can just be the strength of the brand. I want to know that you can take something from scratch and turn it into something. And as a reminder to everybody, the days of hiring middle management are just over. So I need to know the person can do the thing. I'm not looking for somebody that can take orders from a middle manager, because I've not completely eliminated that, but I don't have anybody who just middle manages.

• 28:16Speaker 03

  I have people that do a thing, and then also work with people under them. But it's all about doing the thing. So that's where AI cuts both ways. It is going to eliminate a lot of those entry-level jobs where people are just like, "Oh, God, to have good employees, I've essentially got to have a training program. I bring people in, I train them, and get them up to the point where they can do the job six months or a year later." Them days is over. So it's like, anybody, whatever those people were doing before, you now just put AI on that task. So somebody's got to come in being able to demonstrate that they're already sort of mid-level, and that does create a rough hurdle.

• 28:50Speaker 06

  I also think, to talk about the negatives of AI in the job market, one of the problems I've faced a lot is, when I first started applying, they were like, "AI is going to read your resume." And I was like, "Okay, fucking whatever." And so AI would read my resume. I'd get a decline three hours later, at night. And I'm like, "No one looked at this. This is a robot you put this through." And that was an issue before AI, but I think it's gotten worse. But on top of that, like, with AI taking so many entry-level jobs, it's like, my generation can't get work. And like, you've mentioned, like, show someone a video you made that did really well. I think there's also a big disconnect because of these platforms like LinkedIn and ZipRecruiter, to where you can't communicate with these companies. Like, there was no way for me to directly talk to you until y'all reached out to me.

• 29:34Speaker 06

  There was no message button, there was nothing like that, right? So I think in a lot of ways, there's also just this disconnect from the employer to the potential employee.

• 29:41Speaker 03

  I mean, listen, where there's a will, there's a way. So certainly, somebody could find me on X or whatever that really is me. Am I super-engaged in my DMs? No. But yeah, you can come here in the live, right? So there are ways. Now, one thing I'm going to put on the board, I think you put very real things on the board. As a PSA, though, I would like to say to Gen Z, y'all motherfuckers got to get way tougher, like, way tougher. I don't want to be around soft people. I don't want to be around people that are lazy. I don't want to be around people that feel entitled. Ryan, you are very much not that person.

• 30:15Speaker 06

  I'm the average Gen Z. I'm going to be completely honest with you.

• 30:17Speaker 03

  I will disagree with you so violently.

• 30:19Speaker 06

  Okay.

• 30:19Speaker 03

  That as the person who has interviewed the most in terms of, "I'm actually considering hiring somebody."

• 30:25Speaker 06

  Yeah.

• 30:26Speaker 03

  It's rare that you find somebody that's like, coming in and saying, "Listen, I'm really trying to do something with my life. Like, I want to go all the way. I want to be the greatest of all time." That's considered so cringe in your generation. There was something that just popped off, ah, damn it, I should have pulled the link. There was something that popped off, and people were like clowning on this person because they were saying that they really wanted to go hard. And I just, that makes me so sad. I want to see everybody want to be the best, that I am going to knuckle down, I'm going to work an insane amount of hours, and I'm going to become the greatest. I'm only looking for that. And you guys are going up against AI, man. Your AI doesn't sleep, it works around the clock, it's educated on everything that a human is educated on.

• 31:08Speaker 03

  Like, and also, by the way, it's only fun to be, for me, with my personality type, it is only fun to be around people who want to play to win. And if you come in with any attitude other than that, it, it is, people are not going to want to hire that. So yeah, I think the days of people hiring for people that say the right shibboleths is over. People want to hire somebody that's going to help them win, and that is it. We're, we're going to enter an ultra-competitive phase because everybody's going to be deploying AI. I think about this with Kaizen all the time. I'm in a race against the clock with AI. As AI makes everything easier, my competition is going to grow and grow and grow. And so it's like, the users are going to win because everybody's going to compete to do something truly extraordinary, because it's the only way that you're going to cut through the noise.

• 31:53Speaker 03

  But the same is true of somebody trying to get a job. I will tell you right now, Impact Theory is hiring, but I need people that are good at what they do and are hungry. I don't want people that are looking at me sideways because of how hard I work. I don't tolerate that shit. Let's talk about a pattern that is guaranteed to be killing your progress. You know what you need to do. You need consistent nutrition. We all do. You need vitamins, probiotics, greens. We all know that we should be doing more of it. When your morning gets chaotic, you skip it. When you travel, you skip it. When your routine breaks, everything tends to break, and that inconsistency compounds against you every single day. AG1 is designed to solve the execution problem. One scoop, eight ounces of water, and you're done.

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