Published By Banyan Hill Publishing | | | | Published By Banyan Hill Publishing | | | | Banyan Nation, Happy Labor Day! If you’re anything like me, you’ve probably never really thought much about it. It’s the unofficial end of summer, and as good of an excuse as any to grill hotdogs or spend the day by the pool. But I have to tell you, with the trends in place today, I’m actually giving the concept of Labor Day some real thought for the first time in my life. The very idea of what constitutes “labor” is changing. Think about it… What does “going to work” mean today? Well, it traditionally meant going to an office. Or a factory, or at least required you to leave your home. While the idea of working from home isn’t new, per se, it certainly became more common during the COVID-19 pandemic. And while most Americans have returned to the office by now, I’m actually writing this from a café in Lima, Peru, halfway across the world. Yes, I’m working. But I’ll freely admit, it doesn’t really look or feel like work. If you’re staying indoors this Labor Day to beat the summer heat, more power to you! It’s a great day to get caught up on your favorite Netflix series. But enjoy it while you can, because six months from now, we might suddenly have a dearth of content… | | | | Striking: The Past & Present of Labor Day | (From Deadline.) If you don’t know the history of Labor Day, it stems from labor unions rising up to strike against big corporations for their civil rights: be it better wages, better working conditions or more regulated working hours. Today, Hollywood writers and actors have been on strike for months — against the biggest production companies and streaming services of the entertainment industry. The Screen Actors Guild (SAG), which represents most actors, voted to join the American Federation of Television and Radio Artists (AFTRA) union in July. Now, I normally roll my eyes when I see workers on strike. I’ve always thought that if you don’t like your job, you can find a new one that’s more to your liking. It’s a free country. But this one is interesting because it happens to intersect with what is possibly the single biggest technology trend of our lifetimes: the rise of artificial intelligence (AI). In its manifesto, SAG said that artificial intelligence poses an “existential threat to creative professions.” They bring up a good point. I could ask a relatively good AI bot to write a research report that was “written in the voice and style of Charles Sizemore,” and the results would probably look a lot closer to an original than I’d like to admit. It’s not a stretch to have an entire movie (or Netflix series) written by AI, voiced by AI and even acted by AI-generated actors. The writers and actors on strike are asking questions that need to be asked … even if it means I have to wait a painful amount of time for the next season of Winning Time. I don’t have the answers. But I do know this. Like it or not, AI will redefine “work” as we know it. It already has, actually. The last time I called American Airlines to deal with a baggage issue, I had a proper conversation with a bot and never actually spoke to a human being. That’s just the tip of the iceberg. It’s scary … but it’s also exciting. And we’re looking to profit from it, as Ian King looks at the best AI stocks to invest in... While Adam O’Dell incorporates AI into his investing strategy. For now, fire up that grill, crack open a six pack of your favorite beer and enjoy the unofficial last day of summer! Regards, Charles Sizemore Chief Editor, The Banyan Edge | | | Get The Banyan Hill App And start experiencing that "total wealth" freedom for yourself. | | | (c) 2023 Banyan Hill Publishing. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Banyan Hill Publishing. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 866-584-4096) Legal Notice
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