Friedberg warns that 48% of US employees work for businesses with 10 or fewer employees with only 2-4 weeks cash.
“48% of all US employees work for a business that's got 10 or fewer employees. Now, these businesses are not only retail.”
Friedberg states farming is the single largest occupation globally by number of people employed.
“If you ask someone what's the number one job on Earth? The the the highest job in terms of total number of people is farming.”
Friedberg estimates 30-40% of US workers are employed by or depend on government as primary customer.
“And I think a study I I tried to pull together all this data a couple months ago, but something north of like 30 or 40% of The US working force is touched by the government as a customer of their business, the primary customer of their business or as the employer of those individuals.”
Friedberg categorically rejects the idea that AI will destroy jobs, calling it a Luddite narrative disproven daily by what he observes on the ground.
“There is no job loss with AI. I’ll say it again. I’ve said it a thousand times, and I’ll say it again and again and again. The idea that AI is going to destroy jobs is a Luddite idea that is being disproven every single day. I see it on the ground. It is only a matter of time before people wake up to this and realize that this narrative that they’ve been sold is a crock of bleep.”