KENTUCKY SENATOR RAND PAUL.
"THE FAULKNER FOCUS" TOP OF THE
HOUR.
>> Dana: EXPERTS WARN SOME WHITE
COLLAR JOBS ARE VANISHING BY THE
THOUSANDS AND MAY NEVER COME
BACK.
INFLATION AND RISING INTEREST
RATES ARE FORCING COMPANIES TO
CUT THE BACK OFFICE WORKFORCE.
MIKE ROWE IS HERE WITH THIS.
THIS IS NOT A SURPRISE TO YOU.
JUST TO GIVE PEOPLE CONTEXT.
THE MOST -- THE JOBS THAT WOULD
BE IN THE MOST DEMAND IN THE
NEXT TEN YEARS, HOME HEALTH,
PERSON CARE, RESTAURANT COOKS,
FAST FOOD AND OPERATIONS
MANAGERS.
IF YOU LOOK AT LABOR DEPARTMENT
PROJECTIONS AND THE TOP TEN.
SEVERAL OF THESE JOBS LIKE FOR
EXAMPLE DRIVER AND ENGINEERS ARE
THE KIND OF PEOPLE THAT YOU HAVE
BEEN TRYING TO HELP REACH AND
ALSO TRAIN THROUGH YOUR
FOUNDATION.
>> THIS THING HAS A LONG TAIL.
40 YEARS AGO, FROM MY POINT OF
VIEW, IT STARTED WHEN WE TOOK
SHOP CLASS OUT OF HIGH SCHOOL.
WHEN WE DID THAT, WE REALLY JUST
UNLEASHED A STORM OF UNINTENDED
CONSEQUENCES.
AROUND THE SAME TIME WE STARTED
TELLING KIDS THAT THE BEST PATH
FOR THE MOST PEOPLE WAS A
FOUR-YEAR DEGREE.
NOT JUST A GOOD PATH, BUT A PATH
IF YOU DIDN’T TAKE YOU WILL WIND
UP WITH SOME SORT OF VOCATIONAL
CONSOLATION PRIZE.
THAT STEADY DRUMBEAT AFTER 40
YEARS IS WHAT WE’RE SEEING RIGHT
NOW.
WE HAVE OVER 11 MILLION OPEN
POSITIONS, MOST OF WHICH DON’T
REQUIRE A FOUR-YEAR AGO.
1.7 TRILLION IN STUDENT DEBT ON
THE BOOKS.
WE’RE LENDING MONEY TO KIDS NOT
ABLE TO PAY IT BACK TO TRAIN
THEM FOR A LOT OF JOBS THAT NO
LONGER EXIST AND WE STILL HAVE
OUR THUMB ON THE SCALE.
WE’RE STILL SAYING THESE JOBS ARE GOOD AND THESE JOBS ARE BAD.
ARE GOOD AND THESE JOBS ARE BAD.
I’VE BEEN HEARING FOR YEARS THAT
ROBOTS ARE WRECK BLUE COLLAR
WORK.
NOW A.I. IS COMING FOR WHITE
COLLAR JOBS.
>> HOME HEALTHCARE AND PERSONAL
CARE.
LIVING LONGER AND REGISTERED
NURSES.
THESE ARE AREAS THAT WILL ONLY
GROW.
GREATER DEMAND.
>> WE WERE JUST SAYING IN THE
BREAK.
RWANDA HAS THIS VERY YOUNG
POPULATION WITH A WHOLE
DIFFERENT SET OF PROBLEMS.
OUR POPULATION IS GETTING OLDER.
I DON’T THINK YOU NEED TO BE AN
ECONOMIST OR ROCKET SCIENTIST TO
SEE THERE WILL BE INCREDIBLE
OPPORTUNITY IN THAT AREA.
THAT’S NOT A FOUR-YEAR DEGREE
WORLD.
A SIX FIGURE JOB THAT REQUIRES A
DIFFERENT WAY OF THINKING.
>> Bill: TALK ABOUT ELON MUSK.
>> Dana: PLAY IT FOR YOU.
HE GOT ASKED ABOUT WORKING FROM
HOME.
HE THINKS IT IS MORALLY WRONG
AND HE SAID THIS. LISTEN TO HIM HERE.
LISTEN TO HIM HERE.
>> THE LAPTOP CLASS IS LIVING IN
LA LA LAND.
ARE PEOPLE WORKING FROM HOME
HERE?
OF COURSE NOT.
I THINK IT IS MORALLY WRONG.
>> Dana: YOU CAN’T BUILD CARS
FROM HOME.
>> YOU CAN’T.
I JUST READ THIS BOOK.
YOU WOULD LOVE IT CALLED "THE
COMFORT CRISIS."
>> Dana: I BOUGHT IT BECAUSE YOU
TOLD ME TO.
>> BUT I DON’T KNOW ABOUT
MORALLY RIGHT OR WRONG OR KNOW
IT’S ALWAYS WISE TO PAINT WITH
TOO BROAD A BRUSH.
IT IS A LA LA LAND.
IT IS A REAL PLACE AND PLENTY OF
PEOPLE, I THINK, WHO CAN BE
PRODUCTIVE WORKING FROM HOME.
BUT BY AND LARGE, IF YOU ARE
DOING THE THING YOU ARE DOING
BECAUSE IT MAKES YOU
COMFORTABLE, YOU ARE PROBABLY
TAKING SOME KIND OF SHORTCUT.
SHORTCUTS LEAD TO LONG DELAYS.
WE KNOW THAT.
IT WAS MY EARLIER POINT.
THESE THINGS TAKE A LONG TIME TO
POP.
THERE ARE UNINTENDED
CONSEQUENCES FROM NOT GOING INTO
THE OFFICE.
YOU LOSE SO MUCH WHEN YOU ARE
HOME ALONE STARING AT YOUR
SCREEN NO MATTER HOW EFFECTIVE
YOU ARE.
>> Bill: 58% OF COMPANIES ALLOW
THEIR EMPLOYEES TO WORK A
PORTION OF THE WEEK FROM HOME.
THE NUMBER OF COMPANIES THAT
REQUIRE EMPLOYEES TO BE IN THE
OFFICE HAS GONE DOWN TO 42% FROM
49% THREE MONTHS AGO.
I THINK THAT WHOLE PHRASE THE
LAPTOP CLASS.
YOU GET THE IMAGE, RIGHT?
YOU ARE SITTING IN A STARBUCKS
OR LOCAL COFFEE SHOP AND WHERE
YOU SPEND 7 TO 8 HOURS OF YOUR DAY.
DAY.
>> THE SCREEN IS THE HECK OF
>> THE LAPTOP CLASS SOUNDS
GREAT.
EASY TARGET.
I KNOW SOME PEOPLE IN THAT CLASS
WHO ARE THRIVING.
SO WE HAVE TO BE CAREFUL WITH
THE BROAD PROCLAMATIONS.
BUT BY AND LARGE I THINK WHEN
YOU LOOK AT THE PERCENTAGES THAT
YOU JUST QUOTED TO ME, LIKE AN
ELECTRO CARDIO GRAM.
RIGHT NOW IT’S HERE, THEN IT WILL BE HERE AND HERE.