Professions adapt, but that doesn't mean that individuals do. A lot of people hurt when the tides in a profession change. And that's where the fear comes in, because being in the wrong career phase at the wrong time of a tide change can be devastating.
That's my main fear. I'm a software developer, if AI replaces software developer will I really be able to adapt to a new job?
How much lower will my entry salary be in that new job compared to my senior software developer salary?
People who say "there will be new jobs" scare me. 😁
Yep, when major changes happen, there is always collateral damage. There's never a guarantee that you will be able to predictably continue your job at your current income.
Industries can change overnight, personal circumstances can change overnight. That's why we focus so much on FI, to have the freedom and flexibility to adapt to changing circumstances.
My career was destroyed overnight by changing circumstances. I trained for 11 years for my previous profession for it to literally disappear on me over the course of a single year because something changed.
I had to completely retrain for an entirely new career. I just started in my new industry, which is actively going through massive upheaval, so I'm actively responding to those changes.
If you want security, the best thing you can do is be maximally adaptable.
I personally grew up with parents who pivoted careers multiple times due to pretty extreme changing circumstances, so I never had a view of a job being something you just got and could expect to keep indefinitely until it was convenient for you to leave.
I'm currently in a tiny fishing village in Newfoundland where the generational cod fishery was shut down suddenly in the 90s decimating hundreds of years of way of life here with astronomical collateral damage for the population.
These things happen all the time. Whole industries go sideways, local economies collapse, personal circumstances make a chosen career impossible. Plans change.
The more nimble and adaptable you are, the more you can pivot when change happens, and the less you will be caught up in the collateral damage.
I started taking courses on AI a few years ago to better understand how to be responsive to it as it comes in. I now have a much better understanding of what it's utility could be in my profession, and from day 1 I've built a brand that is robust to that new reality. I've invested thousands in advanced training and worked extra side jobs to build expertise that would be compatible with the advent of very effective AI tech.
I'm not scared because I put in a lot of energy to understand it and to prepare to work within an ecosystem that includes it. If you see a change coming, start adapting early. Be proactive, not just reactive.