Could AI Lead New York Workers to Start Trade Businesses?

If you work in an office, you may wonder how artificial intelligence could affect your job. A new survey found that worries about AI played a part in some people’s decision to leave office jobs and start businesses in hands-on trades.

They included 158 business owners from across the United States. They had left office careers to start or share ownership of businesses in fields like construction, real estate and auto sales. The results are national, not specific to New York State.

Some Owners Worried AI Could Replace Their Jobs

Nearly two-thirds of the people surveyed said fear of AI replacing their old jobs played a part in their decision to leave. The number was higher among people who had worked in finance and technology.

But AI was usually one concern among several. Only 6% said fear of AI was a main reason they left. Many wanted to be their own boss, have more flexible schedules or earn more money.

Many Say Their New Businesses Pay More

The survey found that nearly 80% of the owners now earn more than they did at the highest point in their old careers. On average, their income rose from about $64,000 to $101,000.

Many also said they feel happier at work and have more control over their future. Nearly three out of four said they would not go back to a regular office job. Most said they would recommend the change to other office workers.

Steve A Johnson via Unsplash

Starting a Business Can Cost More Than Expected

Starting a trade business can come with extra steps. Some businesses must get a surety bond, which is a financial promise that certain rules or duties will be met. More than half of the owners surveyed did not know they would need one before they started. The owners spent about $11,900 to get their businesses set up legally.