Billionaire Mark Cuban believes that the US faced a bigger tech disruption in the past, and those who adapted ultimately made more money.
In a new post on X, Cuban says that during the 1980s, the introduction of personal computers (PCs) posed a massive threat to white-collar employment.
He also says that at the time, the US economy was not doing so well.
“An article from the 90s explaining how, in the 1980s, personal computers changed the dynamic of college vs. high school workers. College grads learned how to use PCs and grew wages faster
Mind you, this was when interest rates were 15%, white-collar unemployment was the highest it’s been in any non-Covid year, general unemployment was 10%, there was a recession, 18% mortgages, and the start of the savings and loan industry collapse.
The economy was a mess. Except it was the start of the ‘digital revolution’ which led to change.”
Today, the US unemployment rate hovers at 4.4%, and Commerce Secretary Howard Lutnick predicted that the economy will grow 5% to 6% amid the AI boom. Goldman Sachs believes that the US GDP will expand by 2.8% this year.
According to Cuban, those who learn how to harness the power of AI will win.
“Here we are at the early days of the AI revolution. I think it will be very analogous to what happened back then.
If you think learning how to use Claude seems daunting, imagine being 50 years old in 1983, not knowing how to type, using a 1.0 key adding machine with a tape roll to do all your work as an analyst, and realizing you had to figure out how your brand new IBM PC and Lotus 1-2-3 worked.
Or having only used a typewriter your entire career, then having to learn the new PC and WordStar. Trust me. WordStar key combinations were far harder to learn than telling Claude what you want done.
Lots of people couldn’t figure it out. Those who did were more productive.
Ctrl QA with AI.”
Cuban appears to be saying that those who leverage their ability to ask AI questions (CTRL QA) will get better results.
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