The current debate over AI, artificial intelligence, is about whether the technology will become sentient and autonomous and enslave us all. And of course, that will probably happen. But in the meantime, we thought it d be interesting revisiting the original debate about AI, which is about how it affects work: what are the rest of us going to do for a living when machines can do it for us? And there s nobody who's thought more deeply about this and about work in general, than Mike Rowe. Today's guest is Mike Rowe, CEO and co-founder of BDC, a bulge bracket investment firm that helps companies grow at double the average rate, and the CEO of a company that's betting on the future of their business on artificial intelligence. Mike and I talk about how AI has changed the way we think about work, and what it means for us, and how we can prepare for it, in this episode of StartUp s newest podcast, StartUp's New Year's Eve Special. Music: Fair Weather Fans by Nordgroove Art: "Not For Nothing" by Jeff Kaale (1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 15, 16, 17, 18, 19, 20, 21, 22, 24, 25, 26, 27, 28, 29, 30, 31, 32, 34, 35, 36, 37, 38, 39, 40, 41, 45, 42, 47, 44, 45 , 45, 47 , 47, 48, 49, 50, 51, 56, 55, 57, 58, 56 & 57, is a production of Gimlet Media and is edited and produced by Alex Blumbergen, a co-producer, and Music: "Goodbye Outer Space" by Ian Dorsch ( ) and ( ) is produced by David Fincher ( ) and , . Produced by: John Rocha ( ) Executive produced by: Music by: Jeff Perla ( ) & & (Music: "Instrumental music: "Outer Space Warning" by by ) (feat. by , "Sonic ) is a song written and produced and edited by (Alicia Keys ( ) ( ) ( ) edited and ) and "The White House ( ) by ),
00:00:00.220Growth is essential for every entrepreneur. At BDC, we get that. And the businesses we support grow at double the average rate. Accelerating the pace, we're on it. BDC, financing, advising, know-how.
00:00:13.980So the current debate over AI, artificial intelligence, is about whether the technology will become sentient and autonomous and enslave us all. And of course, that'll probably happen.
00:00:36.940But in the meantime, we thought it'd be interesting revisiting the original debate about AI, which is about how it affects work. What are the rest of us going to do for a living when machines can do it for us? And there's nobody who's thought more deeply about this and about work in general and its centrality to human dignity than Mike Rowe. And we are, as always, honored to have him in studio. Mike, thank you for coming on.
00:01:02.880Are you kidding? I mean, how old is this?
00:01:05.880I don't know. It's ironwood. And it's actually, it's funny, the person who got this, I have asked him to go run it down because I'm like the only right wing in the world who loved Julia Butterfly Hill, who lived in a redwood to keep it. I just think trees are really important. And I think being surrounded by wood brings a resonance to your life.
00:01:25.360What happened after the hurricane down here? Because I know that was a big deal. And I know you love trees. And I know that couldn't have been great.
00:01:33.140Yes, but most of the trees in Florida are fake trees, actually. They're not real. I don't think a palm tree is actually a tree. I mean, a tree is a white pine. A tree is a sequoia. A tree is, you know, all the various hardwoods. Oak, beech.
00:02:01.440So what, the AI, so like seven years ago, I remember talking to you, I think it was about seven years ago, about what AI was going to do to working class America, to truck drivers, the most common job for high school educated men.
00:02:14.800And you had a lot of thoughts about that, but the conversation has progressed so dramatically since then.
00:02:20.940So where are you on thinking about that?
00:02:23.160So there was a time when the big conversation, at least in my lane anyway, was really more about robotics and tech, right? The robots are going to come and they're going to displace a lot of blue collar jobs. And how do we stop that? How do we think about that?
00:02:37.060And I remember you and I talked about the Luddite rebellion.
00:02:43.500Yes. Right. And it's like, and the disruption theories and this idea that real replacement is going to happen. It almost never happens, as I understand it. You know, I've seen it in our industry, too. You know, there's a lot of talk about, you know, what was going to happen when, what was going to happen in newspapers when film came along? What was going to happen to film when TV came along?
00:03:06.040Yes. What was going to happen to music and DVDs? And I mean, none of it really goes away, but it all shifts. It's all impacted.
00:03:16.040So I was struck by the fact that all of a sudden we weren't talking about the impact of robots on blue collar jobs, but the impact of AI on white collar jobs.
00:03:35.280But look, it is super creepy. I mean, I got a link from a buddy who said, hey man, not for nothing, but I went on to one of these sites and I said, narrate for me in the style of Mike Rowe, these two paragraphs. Right. And he sent me a link to this. And basically it was two paragraphs from an old episode of Deadly's Catch. And I hit play and I listened to me.
00:04:02.120Now, had I not known it was not me, I would have thought, well, that's something I narrated, you know, four or five years ago.
00:04:11.060Couldn't tell. When I listened for it, I heard some things that made me go, ah, maybe, maybe not quite, but that was two months ago, which might as well be two years ago or 20 years ago.
00:04:20.300So the speed with which artificial intelligence, something about Moore's law, something faster and faster and faster and faster.
00:04:27.840So I, I, part of me wants to say, don't forget the lesson from the Luddites. Don't forget, it's not going to completely upend everything unless it does. And I don't know, because this does feel different.
00:04:42.940I don't know. I had a motorcycle once with a crack in the intake manifold that I didn't see, and it made it obviously run lean. And Mike ran so great, faster and faster and faster and faster, until literally the spark plug burned a hole through the piston.
00:04:56.200I use it as a, as a pen holder on my desk today. But there's something about speed and acceleration that has a natural limit, doesn't it?
00:05:03.520Well, I mean, Einstein said, right, you can stand this close to another person and then this close and half it and half it and half it and never, ever stop halving it, which my brain doesn't understand because it seems like surely, surely you're going to collide and then be on the other side of each other.
00:05:21.220He's like, no, no, that's it. That doesn't really work. Or at least have a sexual encounter with the person.
00:05:24.700Look, here's how jacked up it is for me. My entire career is actually based on AI. Early on in Dirty Jobs, there was this big conversation at the network when they were like, look, this show is, it was a nightmare for them because it was rating really, really well, but it was off-brand.
00:05:45.840But Dirty Jobs was not supposed to be the show that people went to Discovery to love.
00:06:03.160So they're like, can you smarten it up a little bit? And I said, well, I've been looking at some science type jobs. And they're like, like what? I'm like, well, we, I'd like to take a deep dive into AI. And they're like, that's great.
00:06:14.800That's great. If you can find Dirty Jobs in AI, we, we're golden. Now, did they think I was talking about artificial insemination? Probably not. Probably not.
00:06:29.460Four days later, I was at the Circle X Ranch somewhere outside of Houston with my arm up to my shoulder inside a couple of dozen cows, taking instructions from a cowboy named Steve, who was walking me through the process of artificially inseminating the cows.
00:06:45.440I also had a remarkable encounter with a bull called Hunsucker Commando. And the process whereby the sperm is extracted from this minotaur, right? And then put back into these unsuspecting bovines, giving us, it's basically a Brahmin bull and an Angus cow gets you Brangus meat. The point is.
00:07:05.060Wait, did you, without getting specific, did you go through that entire process? Extraction?
00:07:09.480Oh, extraction. Oh, yeah. No, I gathered. I had a styrofoam cup. There were probes. There was insertion into the bull. Light current stimulated the prostate. The white gold flew through the air.
00:07:22.280I captured as much of it as I could. And I put the whole thing on the air a week later. And I got called to the principal's office.
00:07:30.320The question was, you promised us a show on artificial intelligence. And I said, did I?
00:07:36.820And then we had this big conversation about science. And the moral of the story is, there's more science in artificial insemination than there is in AI, or at least as much, and in a much deeper, much more meaningful way.
00:07:49.840We are so disconnected from our food. We're disconnected from our energy. And Dirty Jobs on the surface was just a romp. It was exploding toilets and misadventures and artificial or animal husbandry or whatever it was.
00:08:05.020But in reality, it was a pretty thoughtful look at what keeps us connected and what we've become disconnected from. And so, ultimately, the show stayed on the air. And that episode aired to ridiculous ratings, by the way, which is why I violated every other barnyard creature known to man.
00:08:23.560Ratings gold. But the thing is, there's no McDonald's. There's no Carl's Jr. There's no fast food. There's no slow food. There's no meat industry, as we understand it, without the other AI.
00:08:37.320So, that's kind of a long way of saying, I'm most interested to see how artificial intelligence and artificial insemination are going to somehow, hopefully, come together.
00:08:47.600Right. So, how does, no, that's such a smart point. How does it, how does this quantum increase in computing power, which is really what artificial intelligence, just bastard computation, how does that affect the real economy? Like, the actual physical stuff that keeps us alive?
00:09:02.140Well, I don't know. But I do think that what's going on in the real economy and what's going on in the real country is this unraveling of connectivity. People, and I put myself in this group, we've become really disconnected from some very primary things.
00:09:53.320Yeah, it smells like ennui and self-hatred. Yeah, you're right.
00:09:58.100But anyway, so helping to be reconnected to where our food comes from, to where our energy comes from, to what our history is, and to do it with humor.
00:10:22.720I don't really quite know what I'm doing.
00:10:26.720But on a personal level, when somebody sends you a link that sounds so much like you, you can't tell the difference, then you start to connect to it because it gets personal.
00:10:39.240So I think what's going to happen is this stuff is going to stop being ephemeral, theoretical, and people are going to find real, real, real personal stuff with regard to AI.
00:11:03.860The credit card companies are ripping Americans off, and enough is enough.
00:11:08.500This is Senator Roger Marshall of Kansas.
00:11:11.160Our legislation, the Credit Card Competition Act, would help end the grip Visa and MasterCard have on us.
00:11:17.740Every time you use your credit card, they charge you a hidden fee called a swipe fee, and they've been raising it without even telling you.
00:11:25.960This hurts consumers and every small business owner.
00:11:29.400In fact, American families are paying $1,100 in hidden swipe fees each year.
00:11:35.280The fees Visa and MasterCard charge Americans are the highest in the world, double candidates, and eight times more than Europe's.
00:11:43.240That's why I've taken action, but I need your help to help get this passed.
00:11:47.260I'm asking you to call your senator today and demand they pass the Credit Card Competition Act.
00:11:54.620Paid for by the Merchants Payments Coalition.
00:11:56.320Not authorized by any candidate or candidate's committee.
00:13:45.300So, it does seem like the net effect of almost all digital or even maybe technological advance is to separate us from each other to a greater degree.
00:14:41.600And then she wrote about something called cocooning.
00:14:44.480So, after you burrow, you just cocoon.
00:14:48.120So, it's deeper and deeper and our homes become smarter and the tech becomes more omnipresent and anything we want can be brought to us by a giant company that owns all of the vans.
00:15:02.280So, in a way, we're more connected vis-a-vis fiber optics and relationships and so forth than we've ever been.
00:15:11.600But on the other hand, I think she was right.
00:15:13.420We are so deeply burrowed into our space that, yeah, AI is going to take us to whatever that next level is and sex is going to be a topic we're probably going to have to talk about.
00:15:28.280Because, I mean, I've read these studies that say young men in particular are not, it's not having sex the way they...
00:15:37.780What that means is they're not having, like, deeper levels of human connection.
00:17:08.060He helped people recover that which was taken from him.
00:17:09.980So he's not the only one, and I'm not even...
00:17:12.640There are some very controversial, very bad people, actually, but who lived very isolated lives, who were able, maybe, therefore, to see the future more clearly.
00:17:22.320Why is it that solitude, silence, removal from the bustle of human society allows some people this extraordinary vision into the future?
00:17:35.200But it's sort of the virtue of boredom.
00:17:39.320Michael Easter writes about this book called The Comfort Crisis that I liked a lot, where we've identified boredom as a great enemy, and we're surrounded by things to make sure we're never bored.
00:18:27.600If you're never bored, if you're always stimulating, then you've made a trade, made a bargain, and it's probably a bad one, fraught with unintended consequences.
00:18:40.860And for a guy who does artificial insemination shows, this is pretty deep and spot on, I would say.
00:18:47.520I want to put up a clip from former President Barack Obama talking about the other AI, the digital AI, and his idea for how this can bring us together or solve our economic crises, et cetera.
00:19:03.580If you are interested in helping to shape all these amazing questions that are going to be coming up, go to AI.gov and see if there are opportunities for you fresh out of school, or you might be an experienced tech coder who's done fine, bought the house, got everything set up, and says,
00:19:25.580you know what, I want to do something for the common good, sign up.
00:19:32.440So here we have a former president saying the government is going to harness AI for, quote, the common good.
00:19:37.220You know, I don't want to be skeptical or cynical at all, but that does sort of make me wonder what's going on here.
00:20:45.100Terrible arithmetic, as Lincoln would have said.
00:20:48.120And so the skills gap is a real thing, and that part of our workforce has been woefully neglected, beginning really around the time we took shop class out of high school.
00:21:02.020And we've had our thumb on the scale of education in a very specific way for a long time.
00:21:09.980We've made a very persuasive case for higher ed, and the former president's making a pretty persuasive case for careers in artificial intelligence.
00:21:21.660And fine, we can all do two things at the same time, I hope.
00:21:25.860But this thing's right in front of us.
00:21:28.000But if we changed the emphasis on higher education, I mean, it's probably possible we could run out of sociologists at some point, and then one.
00:25:04.020Where is the passion or the prosperity that will surely follow if you take the time to learn a skill that's in demand and work your ass off?
00:25:23.100You make such a rational, logical, fact-based case that, as you suggested, has become indisputable with time, arguing at this point.
00:25:38.900But there's also something that I'm having trouble describing, but there is something morally or spiritually different and elevated about making things over rearranging things or being a parasite in the real economy.
00:25:50.480In other words, it's better for you as a person to run a sawmill than it is to be, say, a high-speed trader.
00:27:38.500You and I, with this internet connection, we've got access to something we didn't when we were in school, which is 98% of the known information on the land.
00:27:47.380So in my foundation, I try and make the point to the people who apply for our work ethic scholarships.
00:28:25.780And if that doesn't, like, fire you up, as a curious person, to not be completely engaged by the undeniable fact that most of the known information on the planet is in your pocket and accessible, right?
00:28:41.840That's a very liberal arts kind of thing to say.
00:28:44.780But I'm not saying it to your basic liberal arts student.
00:28:49.200I'm saying it to the welders and the steam fitters and the pipe fitters and the mechanics that have come through our foundation.
00:28:54.440Because the most interesting people on the planet, and I know I'm preaching to the choir, do you know the person who made this desk?
00:30:01.880In fact, I had him on my podcast not long ago.
00:30:05.240And they do really, really important research that has to do primarily with collective illusions.
00:30:13.720In fact, he has a book called Collective Illusions.
00:30:15.780And one of the things that personally really struck me was that 80% of the information on Twitter is created by 10%, the people on Twitter.
00:30:31.140And so it's really easy to look at that platform, and many others too, and assume a consensus.
00:30:40.160And so once we, as humans, realize that there is a consensus or a majority who believe a certain thing, then we'll, by and large, fall in line.
00:30:53.660Many times supporting things that we personally don't really support.
00:30:58.360Like, for instance, right now there is a...
00:31:07.840So, and this was kind of a wake-up call for me because for 15 years I've been talking about this deeply held belief that parents and guidance counselors truly believe that the best path for their kids is this most expensive path.
00:31:24.120But the latest research, when you really sit people down and take a deep, deep dive, Gen Z right now is ranking the importance of a college education out of 50 different things at 47.
00:31:47.720But in the course of the last five or six years, like a lot of people, it made me wonder, has something shifted in that generation that I just haven't seen?
00:32:02.200People are starting to get the message that just because you've got $200,000 in debt and a nice diploma doesn't mean the world's going to be the pathway to your door.
00:32:12.220It doesn't mean you're going to get hired in your chosen field.
00:32:23.120That diploma is a receipt as surely as it is anything else, right?
00:32:29.560And the information you got in exchange for it, well, that's a tool.
00:32:35.860And how you use it is none of my business.
00:32:39.180And people are starting, I think, to realize, at least this research indicates, that our fascination with the golden ticket that's always been a college diploma is starting to wane.
00:32:53.700And honestly, I think that's a good thing.
00:33:10.120But, like, welding, plumbing, electrical, and then some of the higher, you know, electrical engineering, et cetera, are we still leading the world in that stuff?
00:33:18.420I don't know of any company in this country who doesn't have some sort of internal training program to try and get those skills taught.
00:33:30.960Certainly, nobody's coming out of high school with those skills.
00:33:33.800People are coming out of trade schools with the basics, but the actual finishing almost always happens within the company.
00:33:42.860So a lot of that work is being done privately.
00:33:51.780It starts, like, if you're a 14-year-old kid with no real clear idea of what you want to do, and you're walking down the corridor of your high school, and you stick your head in the woodshop, and you stick your head in the metal shop, and you stick your head in any number of vocational shops, you can at least optically see what the work looks like or might look like.
00:34:17.620And for a lot of people who got into the trades, that's where it began.
00:34:22.400They saw something that resonated with them in a switch flick.
00:34:29.980I mean, what more persuasive thing could you say to a kid regarding the skill trades than, don't even look at them?
00:34:39.540We're just going to remove all proof of their existence from sight.
00:34:43.940But that's what we did when we took shop class out of high school.
00:34:48.720And it's not a coincidence that, I mean, I think I can draw a pretty straight line.
00:34:54.160That event and $1.7 trillion of outstanding student loans, 10.8 million open jobs, and maybe even 7.2 million able-bodied men in the prime of their life, according to Nicholas Eberstadt in a book called Men Without Work.
00:35:11.740Who are sitting, oh, not only not working, but affirmatively not looking for work, spending in excess of 2,000 hours a year wiping and looking at screens.
00:35:23.540That's never happened before, not in peacetime, anyway.
00:37:01.280I can't get in the Screen Actors Guild.
00:37:04.080But I had a buddy told me about this loophole who sang in the opera, and the opera had these open auditions every Thursday, last Thursday of the month.
00:37:13.460So I went to the library, and I asked the librarian for the shortest Italian aria ever written.
00:37:19.620She knew of such a thing, and she said, oh, you want the coat aria for Cuccini's Lobo M.