Will AI destroy the economy?

Help build our political power by supporting us on Patreon – https://patreon.com/garyseconomicsWill 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