Innovation Doesn’t Destroy Jobs — It Reshapes Them

Every few years, someone sounds the alarm: “The robots are coming for your job.”

A few weeks ago, Anthropic CEO Dario Amodei predicted that AI could wipe out half of all entry-level white-collar jobs within five years. 

In 2013, a pair of Oxford professors claimed that nearly half of U.S. employment was “at risk” from automation.

These headlines grab attention, but they miss the bigger picture. 

Because here’s what history tells us: every time a new technology threatens to upend the job market, something remarkable happens… 

Americans adapt. The economy grows. And we come out better off.

This time won’t be any different. In fact, for smart investors, it could be one of the greatest wealth-building opportunities we’ve seen in decades.

Let’s rewind. 

 From Lamplighters to Typists — We've Seen This Movie Before

Before home refrigeration was standard, milkmen delivered fresh milk door to door each morning. 

As refrigerators became standard in the 1940s and supermarkets expanded in the 1950s, the need for daily milk delivery disappeared.

Over the past 100 years, countless jobs have been replaced by new technology, and yet, the economy hasn’t collapsed. 

Instead, it’s evolved. 

• Lamplighters once walked city streets lighting gas lamps by hand, but electric streetlights made the job obsolete.
  

• Offices were filled with typists and stenographers, but computers and word processors took over.
  

• Movie theaters used to require skilled projectionists to operate film reels — now digital projectors run with the push of a button.

These roles, once essential, were automated out of existence. But with each shift, new jobs emerged, industries grew, and the American worker adapted.

However, while those jobs vanished, the American economy kept growing, and people found new ways to earn a living.

The truth is, every wave of innovation changes the job landscape. It’s not destruction — it’s evolution. 

The AI revolution isn’t about machines replacing humans. It’s about machines helping us work smarter, faster, and more efficiently. 

That means more productivity, lower prices, and more opportunities for Americans to build wealth.

Now, let me tell you what that means for your money.

We’re Not Betting Against AI — We’re Investing in It

At American Prosperity, we don’t fear the future. We embrace it. 

And that’s why we’ve positioned our portfolio to take full advantage of what’s coming next. We recommended companies that aren’t just surviving the AI boom — they’re powering it.

• Arista Networks (ANET). They build the high-speed networking gear that’s become the backbone of data centers — the very infrastructure AI relies on to crunch massive datasets in real time.
  

• Marvell Technology (MRVL). They design the custom chips that enable the next generation of AI computing, from autonomous vehicles to cloud services. This company is playing a critical role in scaling AI across industries.
  

• Deere & Co. (DE). Yes, the tractor company. But this isn’t your grandfather’s farm equipment. Deere is rolling out AI-powered machinery that can plant, monitor, and harvest crops with astonishing precision, reducing waste, cutting labor costs, and boosting yields. That’s how AI is transforming even the most traditional industries.

So when you hear predictions about mass unemployment, remember: AI doesn’t shrink the economy — it expands it.

Productivity gains from AI won’t vanish into thin air. 

They’ll show up in the form of lower costs, better services, and more disposable income. That money will be spent at restaurants, gyms, and vacation spots, creating more jobs in the process.

The Real Threat Isn’t Robots — It’s Overreaction

Sure, some jobs will disappear. But millions of others will be created — jobs that don’t even exist today. 

Just look at how many people now make a living as digital marketers, YouTube editors, or AI prompt engineers. 

Ten years ago, those weren’t even real jobs.

And the so-called “AI apocalypse”? 

It’s not even out of the ordinary. If we lose 2.6 million jobs a year to AI — a worst-case estimate — that would still be less than the 20 million jobs that turn over each year in our economy during normal times. 

That’s just six weeks of natural labor-market churn.

The real risk isn’t AI. It’s fear. If industry leaders keep hyping job loss, they may invite overregulation that slows innovation and stifles growth.

Let’s be smarter than that.

Let’s invest in companies that are building the future, not running from it. 

At American Prosperity, that’s exactly what we’re doing.

Because if you want to grow your wealth in this new era, you don’t bet against progress. You ride the wave.

Email me at [email protected].

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Regards,

Charles Mizrahi
Prosperity Insider