Speaker 1: You're listening to a share of these podcast there's so
Speaker 1: much pressure and so on. I mean, things have been
Speaker 1: particularly volatile, I would say in the last sort of
Speaker 1: twelve to eighteen months, or felt like it. Is there
Speaker 1: anything in the research that you look at, demographically, historically
Speaker 1: and looking forward that sort of says this time is
Speaker 1: an unprecedented time or is this just how it feels?
Speaker 2: Well, it definitely feels like this for a good reason.
Speaker 2: You know, the life cycles are surre the acceleration of
Speaker 2: the trends are greater, the speed of shifts, the multitude
Speaker 2: of impacts upon us greater than ever before. You know,
Speaker 2: it's global trends, not just local ones, as technology ones
Speaker 2: and demographic ones and social trends are not just you know,
Speaker 2: workforce trends. It's all it's all coming at us. So
Speaker 2: I think when people say it's it's volatile, it's uncertain,
Speaker 2: it's fast moving, they're right for saying it. But we
Speaker 2: don't want to be so I guess arrogant in this
Speaker 2: year to think that these the only times of change,
Speaker 2: because through history, of course, there have been times of
Speaker 2: great disruption that we can learn from history repeats itself.
Speaker 2: That term historical recurrence that we can learn from patterns
Speaker 2: in the past. Yes, AI is disrupting jobs, just as
Speaker 2: the Industrial revolution did in the Victorian age. If we
Speaker 2: go back further, we had the agrarian revolution. We shifted
Speaker 2: from small boutique cottage industry or farming to broad scale farming.
Speaker 2: There's been massive disruptions over time. We've all adjusted to
Speaker 2: that and found benefits in the technology. And while there
Speaker 2: is a technological pessimism that I see at work, you know,
Speaker 2: a big shift in probably two decades from tech optimism
Speaker 2: where we look to social media to create connection and
Speaker 2: a global conversation. In our tech skepticism that's seeing the fragmentation,
Speaker 2: the isolation, the downside of devices of social media and
Speaker 2: now of AI. Think that we've got to recognize the
Speaker 2: technology in the future, as in the past, will be
Speaker 2: used for what it's always been used for, to reduce drudgery,
Speaker 2: to increase human flourishing, to create better connectivity, and to
Speaker 2: solve problems. There's going to be some downside use, but
Speaker 2: there's going to be a lot more upsides, and we've
Speaker 2: got to recognize that and learn from the past. I
Speaker 2: think that if we keep a human centric view of things.
Speaker 2: Even in a world of AI, the most valuable skills
Speaker 2: in the future will be those distinctively human ones to
Speaker 2: communicate and lead and connect and engage, to inspire others
Speaker 2: and belong and share and serve. That's timeless that we
Speaker 2: will need for the future, even though AI is going
Speaker 2: to be more ubiquitous than even we currently see.
Speaker 1: So wrapping it up then, I mean, if you got
Speaker 1: one little word of advice for each of those sort
Speaker 1: of boomers, genixes and millennials out there.
Speaker 2: Well, I'd encourage the boomers to keep at it because
Speaker 2: what they're doing with generosity of spirit, I think they're
Speaker 2: on track and doing well as they as they should
Speaker 2: have because they've got the benefit of economic winds at
Speaker 2: their back for these decades. For the gen x's, are
Speaker 2: just encouraging them to keep at it because this too
Speaker 2: will pass, you know, this particular life stage of stress
Speaker 2: and expenditure and pressure, and they'll be able to enjoy
Speaker 2: the fruit of their labor over the decades ahead as well.
Speaker 2: I'd say to the millennials the gen wise that in
Speaker 2: the midst of working hard and trying to build careers,
Speaker 2: don't stress too much and remember that the opportunities for family,
Speaker 2: and the opportunities for investing community and for loved ones.
Speaker 2: They've got to not just focus on the economics, but
Speaker 2: those deeper, broader and ultimately well long lasting aspects of life.
Speaker 2: So get the balance right, don't just focus on work alone.
Speaker 2: I think the gen z's have done well to invest
Speaker 2: in their future, and so future proofing will be something.
Speaker 2: It's not going to be career for life, So keep
Speaker 2: an open mind and keep investing in their skills so
Speaker 2: they can remain relevant to contribute into the workforce for
Speaker 2: a longer period. And the younger ones, the alphism beaders,
Speaker 2: I think they're they're on track if they can manage
Speaker 2: their own technology use in screen time. Recognize that the
Speaker 2: people's skills will be the key skills, because anything that
Speaker 2: can be outsourced to technology will be better off being
Speaker 2: a human expert than a technology one. In the time,
Speaker 2: as we said post mid century, as they'll be hitting
Speaker 2: their peak when we're going to have new challenges like
Speaker 2: population contraction or increased global uncertainty around technology that creates
Speaker 2: its own intelligence, it's going to need some specific skills
Speaker 2: and great human wisdom. Investing involves the risk you might
Speaker 2: lose the money you start with. We recommend talking to
Speaker 2: a licensed financial advisor.
Speaker 1: We also recommend reading product disclosure documents before deciding to
Speaker 1: invest