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3 Things You Should Study to Thrive in an AI Economy

3 Things You Should Study to Thrive in an AI Economy

By Tuesday, 06 February 2018 04:28 PM Current | Bio | Archive

Robots and AI are coming for your job.

We can try to slow down this process—or at least ease the pain it causes—but I doubt we can stop it. And we probably shouldn’t, because a brighter future awaits on the other side.

So how to get there intact? Make the most of your most valuable asset: your brain. It’s capable of things even the most advanced artificial intelligence still can’t do.

But AI is gaining fast. We have no time to waste, so let me give you some ideas.

Straight Talk

Billionaire and Dallas Mavericks owner Mark Cuban is a straight talker. Last year, I saw him at the South by Southwest Conference, and he said something that stuck with me.

The moderator asked him what subjects young people should study to gain an advantage in the future. Cuban said:

We are going through the process where software will automate software, automation will automate automation. I would not want to be a CPA right now. I would not want to be an accountant right now. I would rather be a philosophy major. Knowing how to critically think and assess them from a global perspective I think is going to be more valuable than what we see as exciting careers today, which might be programming or CPA or those types of things.

That advice goes against the grain.

Career counselors tell students to learn computer skills, know how to “code” in the latest hot software language. Cuban thinks that is short-sighted because whatever technical skills you acquire, they will get obsolete quickly.

But does it make sense to study philosophy, one of the most impractical fields? Everyone knows philosophy majors never make any money.

Or do they?

Carl Icahn’s philosophy degree served him well. Ditto for Peter Thiel, George Soros, former HP CEO Carly Fiorina, Overstock.com founder Patrick Byrne, and Legg Mason fund manager Bill Miller. All have philosophy degrees or advanced studies.

Basketball coach Phil Jackson is a philosopher too. Maybe he gave Cuban the thought.

It’s true that some branches of philosophy are esoteric, to say the least. But at the core, it’s about thinking logically and critically—a valuable skill in any career.

Furthermore, the logical principles that drive most software code came from philosophers. Knowing them can be useful, but to beat the bots, you need more.

By the Numbers

I was one of those kids who hated math, but later I realized its importance.

Math teaches logical reasoning and attention to detail, and it helps you think under pressure. Finding that one possible solution can be hard—but doing it will increase your mental endurance.

Math is about structure, developing principles that hold true even if you change the components. That’s helpful in economic analysis.

For instance, here’s something I tweeted last weekend:


What I described in the tweet is really a mathematical formula. The variables are consumer spending, wage growth, savings rate, and consumer debt. They all relate to each other and can only move certain ways.

Math helps at any age, and you don’t need a degree to benefit from it. Just some free online math study at Khan Academy will make you a better thinker—and help you survive job automation. It also might increase your income.

Language Differences

In one sense, math is the language of technology. Computers “think” in ones and zeros. But human languages count too.

When people study a foreign language, it’s usually because they want to speak or read it. However, the study is useful even if you never gain fluency.

For one thing, learning about another language helps you understand your own language better. Since languages shape how we think, you’ll also gain insight into the mentality of the other language’s native speakers.

Chinese, for instance, doesn’t use verb tenses to denote past, present, and future. It’s no coincidence that many Chinese-speaking people conceive of “time” quite differently from English speakers. Knowing this helps explain some things.

English has its peculiarities as well. Because we lack gender-neutral pronouns but want to be inclusive, we say “he or she” to describe a person of unknown gender. That’s awkward, and resentment of it has affected our politics and economy.

(Incidentally, the Associated Press decided last year “they” is acceptable for singular, gender-neutral references. I think that’s even worse.)

Studying another language helps your brain recognize those differences. This makes your thinking more flexible and widens the opportunities you can seize.

Explore New Concepts

The three fields I just described—philosophy, math, and foreign languages—together form a great foundation for learning almost anything.

Familiarity with them will equip you to compete against automation in this rapidly changing economy.

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Patrick Watson is an Austin-based financial writer and senior editor at Mauldin Economics. Follow him on Twitter @PatrickW

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Make the most of your most valuable asset: your brain. It’s capable of things even the most advanced artificial intelligence still can’t do. But AI is gaining fast. We have no time to waste, so let me give you some ideas.
things, study, economy, artificial, economy
Tuesday, 06 February 2018 04:28 PM
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