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Garys Economics
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Will AI destroy the economy?

55 min•26 april 2026

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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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