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Will AI destroy the economy?

2026-04-26 Education
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Garys Economics
Garys Economics
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Description

Help build our political power – support 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. Chapters: 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 We CAN win ––––––––––– GET MERCH – https://shop.garyseconomics.org/ DONATE – https://buy.stripe.com/dRm4gs9Nl1L6eqWbUydjO00 JOIN GARY'S MAILING LIST – https://subscribepage.io/garyseconomics GET THE TRADING GAME – https://www.penguin.co.uk/books/455809/the-trading-game-by-stevenson-gary/9781802062731 ––––––––––– Follow Gary on other channels: LINKEDIN – https://www.linkedin.com/company/garyseconomics SPOTIFY – https://open.spotify.com/show/2807p01KIe4RRFjRTB5o25 INSTAGRAM – https://www.instagram.com/garyseconomics TIKTOK – https://www.tiktok.com/@garyseconomics BLUESKY – https://bsky.app/profile/garyseconomics.bsky.social X – https://twitter.com/garyseconomics FACEBOOK – https://www.facebook.com/garyseconomics DISCORD – https://discord.gg/vqME6WsPd7 WEBSITE – https://www.garyseconomics.org

Top Comments (10)

@alexcooper6074 2026-04-26

Like if you want Gary to eat a biscuit

3.0k 67 replies
@cdlwtamer2119 2026-04-26

A video explaining the concept of the post world war 2 wealth redistribution is definitely needed - what actually happened and how/why did it take place?

883 61 replies
@LiiMuRi 2026-04-26

I've said it for a long time, and it's what Gary also often points out: you cannot have a functioning economy based on just a handful of billionaires, with everyone else being piss poor. You need masses of relatively wealthy people, who work and consume the products of each other's work.

791 50 replies
@noneofyourbizness 2026-04-26

when the creation of the NHS was making its way through parliament after WW2 the tory party voted against it 27 (TWENTY SEVEN) times. that fierce resistance to 'better standards of living' for the non-wealthy (aka:folks who work for living) is very much alive and well today.

459 21 replies
@Gussey-Cat 2026-04-26

If A.I increases productivity, it just means more profit for the business owner, the worker very rarely benefits from increased productivity.

278 20 replies
@LuxuryLife69420 2026-04-26

Imagine joining a game of Monopoly 5 minutes before it's over, everyone else has all the money and motels and you start with basically nothing, but you're still expected to win.

108 3 replies
@anyonelk 2026-04-26

why does no one talk about the forced adoption of AI at subsidized costs and the impact to wages once AI companies start charging final prices

62 4 replies
@diggerman00007 2026-04-26

TAX WEALTH NOT WORK. Bless you Gary

52
@TomekSw 2026-04-26

So we only need 200-400 years and two world wars to see the improvement after the AI revolution? Neat.

29
@in-craig-ible6160 2026-04-26

"Who Owns The Technology?" is the best line from this entire video.

13

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