The chart below shows that those with college degrees in the US face the same rate of unemployment as those without degrees.

What’s happening here is explained to some degree by AI. Jobs that male university graduates would normally aspire to - such as IT and coding – are being done by artificial intelligence. 

The same is not quite true of women graduates who tend towards healthcare and other sectors not yet heavily impacted by AI.

We are going to see more and more of this at an accelerating rate.

Think law offices with candidate attorneys. Why do you need to employ someone to prepare basic contracts and court filings when AI has already shown it can do this reasonably well – with some good prompts?

We are seeing some amazing video material generated by AI and that is going to compete with graphic and fine artists. 

Think also of fund management houses – throw in some parameters and let AI engines craft a portfolio for you. For example, PE ratios must be below the market average, dividend yields greater than 6%, consistent earnings growth over five years, and a stable management team. You’d be amazed at the suggestions that will pop out.

Not that these can ever be taken as holy writ, but it’s a good place to start fine-tuning your portfolio.

There are few areas of our current civilisation that will not be impacted.

The above chart provides a window into the future. “It completely erases the degree premium,” notes Listed Reserve. “It’s not a new trend either, the gap has been closing since 2010 and has now slammed closed. Worth noting that artificial intelligence threatens white collar before blue collar, the blue collar risk is from humanoid robots which are some years away.

“None of this is good news for birth-rates either. The mis-match between the number of university educated females and males will grow. Ten-year trend: fewer people, more tech, demand down, money printer on.”