Will AI destroy the economy?
About this episode
The episode explores the potential impacts of AI on the economy, drawing parallels with the Industrial Revolution.
Help build our political power by supporting us on Patreon – https://patreon.com/garyseconomics Will AI make us all richer and more productive, or steal our jobs and impoverish us? The Industrial Revolution gives us clues about what could be about to happen. (00:00) Intro (04:58) Will AI decrease wages? (06:19) Will AI increase wages? (13:00) Luddites (16:17) The Industrial Revolution (24:50) Who profited? (26:51) Workers became powerful (31:12) Why customers matter (36:03) Henry Ford’s dilemma (39:55) Who benefits from increased productivity (43:32) Will AI liberate us? (45:57) Why I am positive about the future (51:19) How we can WIN
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