446: AI, Massive Job Cuts, The Recession And How To Protect Yourself

446: AI, Massive Job Cuts, The Recession And How To Protect Yourself

Protecting yourself from AI and mass layoffs means building a real side hustle now, before your day job disappears. That is the argument I laid out in this solo episode of the My Wife Quit Her Job Podcast. Big tech is cutting jobs by the tens of thousands, ChatGPT and generative AI are already replacing writing, code, and even hardware design work, and the “safe corporate job” is no longer safe by any honest measure.

The upside: starting a profitable side hustle no longer requires special connections, huge capital, or a creative genius. My wife and I started Bumblebee Linens for $630 and it replaced her $100,000 salary in one year.

Here is the case for why a side hustle is now table stakes, the data behind it, and the exact first steps I recommend.

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Key takeaways

  • 84% of millennials report job burnout, 50% of employees are disengaged, and nearly half of Americans fear a layoff this year.
  • Google, Apple, Amazon, and Meta have laid off tens of thousands of high-paid workers in the current round of cuts.
  • ChatGPT and generative AI can now write software and design hardware, so even senior tech jobs are exposed.
  • My wife and I started Bumblebee Linens for $630. It replaced her $100,000 salary within 12 months.
  • You do not have to work 80-hour weeks to build a real business. My wife and I run two 7-figure businesses on about 20 hours per week.
  • The two lowest-cost side hustle entry points I recommend right now are print-on-demand and content (blog, YouTube, podcast).

Why is your day job no longer safe in 2023?

Your day job is no longer safe because the same round of layoffs sweeping Google, Apple, Amazon, and Meta is now hitting employees who were previously considered untouchable, and generative AI is compressing the timeline further. Layoffs used to hit customer service or low-wage roles first. This round is taking out senior tech and product staff, and the AI wave that follows will hit the layer above that.

A friend I had lunch with two weeks ago is a case in point. He and I had just talked about his daughter’s tuition payments and how tight his budget was.

The next morning he showed up to work, found his office door locked, was escorted out of the building, and went from a healthy salary with benefits to zero income in one morning. He is very smart and any company would be lucky to have him, but tens of thousands of laid-off people are looking for jobs in the same area right now.

Even if you keep your job, you are at your boss’s mercy at review time. When I was still in corporate, I got 2% to 4% raises. Compare that to what a modest side hustle can produce in the same year.

How is AI going to affect jobs in the next 2 to 3 years?

Generative AI is on track to eliminate millions of jobs in the next two to three years across writing, video, audio, spreadsheets, appointment scheduling, code, and even hardware design. I have been following the tools closely and I am now considering letting go of a couple of writers on my own team because ChatGPT is that good.

The example that made it real for me was a conversation with a former colleague who used to design hardware with me. He gave ChatGPT a hardware design task, and within minutes AI produced a small logic block that worked out of the box, bug-free.

Hardware, not software. If AI can write software and design hardware, no white-collar job is truly insulated.

This is not a five-year problem. It is a 2 to 3 year problem, and the tools are still in their infancy.

What do the numbers say about job satisfaction and layoffs?

The workforce data lines up with what most people feel privately. Here is what I found looking at current statistics:

  • 84% of millennials have experienced burnout at their jobs.
  • 50% of employees consider themselves disengaged from their work.
  • Nearly half of Americans fear being laid off this year.

That combination (widespread burnout, widespread disengagement, widespread layoff fear) is not a temporary spike. It is a structural shift that argues for building income you own.

How my wife and I escaped the 9-to-5 with a side hustle

We escaped by starting a $630 wedding-linens store during her pregnancy and giving it 12 months to grow to full-time replacement income. Back in 2007, my wife and I were burned out. She dreaded her job so much that every morning she would kiss me goodbye and say “off to the hell hole.” We talked about starting a business for years and never took action.

The trigger was pregnancy. She wanted to stay home with our baby full-time.

Her $100,000 salary needed to be replaced without gutting our lifestyle. That constraint forced us to actually launch.

Bumblebee Linens started with $630 in inventory. Neither of us knew ecommerce, business, or how to build a website.

Inside 12 months the store had replaced her salary. She quit her job, ran the business from home, and never went back.

How much do you have to work to build a real business?

Not 80 hours a week. My wife and I run two seven-figure businesses on roughly 20 hours per week.

I coach my kids’ basketball and volleyball teams and help with homework. My wife volunteers at their schools and ran the entrepreneurship program for my daughter’s school last year.

The 80-hour hustle-culture advice is mostly given by single people or 20-somethings without dependents. It does not describe most of the audience I talk to, which is people with families and other responsibilities.

Noah Kagan recently interviewed a billionaire whose biggest regret was that his first business cost him his wife. Once you know how to make money you can do it on your own schedule and put family first.

What is the cheapest side hustle to start right now?

Print-on-demand and content (blog, YouTube, podcast) are the two lowest-cost side hustles I recommend right now, because both can be launched for a few dollars a month and both have clear upgrade paths to a real business.

Side hustleStartup costTime to first $1,000Upgrade path
Print-on-demand~$3 per month for a Shopify-style storeWeeks with the right nichePrivate-label brand once a design sells
Content (blog, YouTube, podcast)~$3 per month for hostingMonths to a year with consistent publishingAd revenue, affiliate, digital products, ecommerce launch
Ecommerce store (my path)$500 to $1,000 in inventory3 to 12 monthsFull-time business replacing a salary

Both print-on-demand and content are “gateway drug” businesses. They teach you how to make money on the side, and that skill compounds into whatever bigger business you want to build next.

What is The Family First Entrepreneur about?

The Family First Entrepreneur is my book on building financial freedom without sacrificing what matters most. It is the anti-hustle-culture playbook, drawn from three years of writing and 450+ podcast interviews with successful founders. Those interviews taught me that most of the “successful” people you see online are burned out, stressed, or estranged from their families off-mic.

The book is pre-order-open now and ships in May. It covers the exact frameworks my wife and I used to grow two seven-figure businesses to a 20-hour work week, plus how to pick a side hustle, structure your time, and build the business without giving up your family life.

Pre-order bonuses include a six-week Family First Side Hustle Challenge (I personally coach you to your first $1,000 online in a private Facebook group), a three-day print-on-demand workshop, and a two-day workshop on making passive income with content.

How do you start your first side hustle in the next 6 weeks?

The Family First Side Hustle Challenge maps out a 6-week path to your first $1,000 online. Inside the challenge you will learn to:

  1. Evaluate your side hustle options. Pick the one that fits your skills, family schedule, and startup budget.
  2. Create a profitable offer, product, or service. Ship something people will pay for.
  3. Put up your own website on a budget. Under $10 to start.
  4. Make your first $1,000 online. Follow the templates and get feedback in the group.
  5. Free up your schedule. Design the business so it fits your life, not the other way around.

The challenge runs alongside the book launch with live sessions and Q&A. Everyone who pre-orders is enrolled automatically.

Frequently asked questions

How much did it cost to start Bumblebee Linens?

$630 in initial inventory. Neither my wife nor I had any ecommerce, business, or web experience. We funded everything from personal savings and reinvested every dollar of profit for the first year.

How long did it take to replace my wife’s $100,000 salary?

Roughly 12 months. Bumblebee Linens grew fast enough on organic ecommerce sales that she was able to quit her corporate job about one year after we launched.

Which jobs are safest from AI in 2023?

Very few white-collar jobs are truly safe from AI over a 2 to 3 year horizon. Generative AI already writes code, designs hardware, and produces high-quality writing, video, and audio. The safest position is owning income you control (a business, a brand, or an audience) rather than trading time for a paycheck.

What is the cheapest side hustle you can start today?

Print-on-demand is the cheapest at roughly $3 a month for a store, with no inventory to hold because products are only produced after an order comes in. A content business (blog, YouTube channel, or podcast) is comparably cheap and has a longer runway before it starts earning.

How many hours a week do you need to work to run a real business?

Not 80. My wife and I run two seven-figure businesses on about 20 hours per week combined. Once systems and delegation are in place, most business hours are strategy and oversight rather than execution.

Are 80-hour workweeks actually necessary for entrepreneurship?

No. The 80-hour work week is a myth pushed mostly by single people or 20-somethings without dependents. The billionaire Noah Kagan interviewed recently said his biggest regret was that his first business cost him his marriage. Financial success and family time are compatible when you build the business intentionally.

Where can I pre-order The Family First Entrepreneur?

You can pre-order it anywhere books are sold, or go to thefamilyfirstentrepreneur.com for the bonuses. Pre-order bonuses include a 6-week side hustle challenge, a 3-day print-on-demand workshop, and a 2-day passive income with content workshop.

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