Billionaire businessman Mark Cuban on Tuesday predicted the U.S. will see greater change in the jobs market and economy over the next three years than it has the last three decades.
“With artificial intelligence, machine learning, neural networks, we’re gonna see more technological change over the next three years than we’ve seen over the last 30,” Cuban told Fox News host Bill O’Reilly.
“People are going to be replaced by these technologies. What we have to do during that disruptive period — we have to find places for them to go, we have to find new places to put them to work.”
Cuban, worth $3 billion as an investor, author, TV personality, and sports team owner, said Trump’s work to keep manufacturing jobs in the country will not be enough to make up for what is coming until he understands that the nature of work is changing.
O’Reilly and Cuban got into the weeds discussing the manufacturing plants that large corporations have said they will build in the U.S. Cuban argued companies will instead remodel old factories and call them new. O’Reilly said Trump will bring new, good-paying jobs, but Cuban downplayed the claims.
“What I will tell you with 100 percent certainty — every single one of those companies that he’s talking to, whether it’s Ford, whether its United Technologies, whoever it may be, their total number of employees will be fewer, in three years than it is today no matter what he does,” Cuban said.
“He’s shuffling deck chairs on the Titanic by going and talking to these companies and dealing with five and 10 and even 25,000 jobs at a time.”
While Cuban supports Trump’s work to add new jobs, he said the monthly fluctuation in the market must be taken into the equation, but more importantly, “we’ve gotta start dealing with the macro issues.”
