Path co-founder Chandler Malone joins Wealth! to discuss how employers and job seekers can use AI to inform job training and career path decisions.
“I think the age of AI is very scary for a lot of people. We hear about automation and job loss. But if you really look at a lot of the studies and the numbers, AI is actually predicted to create more jobs than it's predicted to lose,” Malone explains. The technology will be used to increase efficiency, allowing workers to focus on more productive tasks. He says Path works with job seekers to help them understand the job market, work with career coaches and learn new skills. This can help them get promoted within their current company or take a higher position elsewhere.
Malone points to the healthcare and renewable energy sectors as areas of increased demand as labor demand normalizes. “When you think about where the world is going, there are some inescapable truths, some inevitable things that we have to plan for,” he explains. “So as more climate-related issues emerge, governments and private institutions will start to pump more capital into these sectors, which means more jobs will be created.”
For more expert insights and the latest market trends, click here to watch this full episode of Wealth.
This post was written by Melanie Leal
Video Transcript
Are you doing everything you can to find the best job for your future?
Our next guest will show job seekers how AI can be used in both job training and choosing the right career path for them in the future.
Let's welcome Chandler Malone, CEO of Path Chandler.
Nice to meet you.
Thank you so much for joining us on this show.
Let’s discuss this a bit more: when we hear the word AI, many of us hear that AAI may emerge from our jobs, but in fact there may be effective ways to use AI to best tailor our career paths.
How do you think this can be effectively deployed to potential job seekers?
Yes, that's definitely true.
Well, I think this age of AI is very scary for a lot of people.
Well, you know, we hear a lot about automation and job losses and stuff like that.
Um, but if you really look at a lot of the studies and a lot of the numbers, AI is actually predicted to create more jobs and it's also predicted to eliminate jobs.
So for individuals who are basically looking to be able to adapt to this new era, this new time, right?
Here are some pieces of advice:
The first piece is finding something that you're really passionate about and that you really care about, right?
Isn't it that passion that makes you an expert in today's world?
No AI can complete more tasks faster or with greater fidelity.
But you can get a certain amount of nuance out of it, right?
It helps us to interact better with other humans.
So if you can develop that level of expertise and people skills, you’ll stand out no matter what new technology there is.
surely.
For example, if you are in a job and you are thinking about how you can eliminate some mundane tasks to be more professional and more productive, excuse me, but as you leverage new technologies, have you seen people currently working effectively leverage AI to eliminate tasks that are taking up time that could be allocated to other things?
Ah, well, I mean, I think across industries, there are a lot of tools that have already been developed, but one of my favorite features of Microsoft Excel is a tool called Ros, which a lot of people in finance roles use.
What I think we are all familiar with Chad GP T is his ability to present us with high level plans, high level proposals and forecasts.
Um, but I'm also really excited about the path that we've created, right?
We hope that through our career coaches, who can provide input from thousands of career advisors, college counselors and therapists, people will try to understand exactly where the labor market is heading.
Um, and we also have skills trainers that teach people any job skills that might help them get promoted in their current role or transition into a new role, whether that's leverage bile modeling or plumbing.
Are there any areas where you foresee the next wave of demand surges likely to arrive?
The reason we think about this is because it really comes down to where are the consumers, where are the B2B consumers, where are the B2C consumers, and where are they putting their money?
So what are the next areas within the overall workforce that are likely to see a surge in demand as a result?
Yes, I'm thinking two things.
One is healthcare, right?
Healthcare will always be a big part of our economy.
Well, it's like a necessity.
Um, but I guess the other place is basically in the green, clean, renewable energy space, right?
Um, you know, our last guest talked about that, but with that being said, as we think about where the world is heading, there are some truths that are unavoidable and some things that we have to plan for.
So, you know, we're going to have a lot more issues than just climate-related issues, right?
But those are the ones that come more to the forefront in our minds, right?
Governments and private institutions will inject more capital into these sectors, which means more jobs will be created.
So, again, my advice to you is, you don't need to be a scientist who knows everything about the atmosphere and carbon dioxide and all that, but find something in climate that you're passionate about.
And there are a lot of job opportunities out there that are not just technical or scientific, but that allow you to utilize your interpersonal skills and other soft skills that you really have.
Chandler Malone, PA CEO;
Thank you so much for joining us on Yahoo Finance today.
Thank you so much, Brad.
