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AI will drive mass unemployment and inequality

August 29, 2025
Wealth Inequality Enough is Enough Tax Wealth Not Work Economics of Covid Rich get Richer Poor get Poorer Economics Explained Tax the Rich End Austerity Billionaire Poverty
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Do<00:00:00.240> you<00:00:00.400> think<00:00:00.560> AI<00:00:00.960> will<00:00:01.120> help<00:00:01.280> or<00:00:01.520> hinder

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Do you think AI will help or hinder

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Do you think AI will help or hinder social<00:00:02.000> inequality?<00:00:02.639> Yeah,<00:00:02.800> I<00:00:02.879> think<00:00:02.960> it'll

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social inequality? Yeah, I think it'll

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social inequality? Yeah, I think it'll make<00:00:03.280> it<00:00:03.439> much<00:00:03.600> much<00:00:03.840> worse.<00:00:04.080> I<00:00:04.240> think<00:00:04.319> it'll

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make it much much worse. I think it'll

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make it much much worse. I think it'll make<00:00:04.560> it<00:00:04.720> much<00:00:04.880> much<00:00:05.120> worse.

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make it much much worse.

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make it much much worse. >> Why<00:00:05.680> is<00:00:05.839> that?

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>> Why is that?

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>> Why is that? >> Because<00:00:06.319> the<00:00:06.560> people<00:00:06.640> who<00:00:06.799> own<00:00:07.040> the<00:00:07.200> machines

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>> Because the people who own the machines

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>> Because the people who own the machines are<00:00:07.759> going<00:00:07.839> to<00:00:07.919> use<00:00:08.080> the<00:00:08.240> machines<00:00:08.559> to<00:00:08.800> replace

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are going to use the machines to replace

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are going to use the machines to replace people<00:00:09.280> and<00:00:09.519> then<00:00:09.679> and<00:00:09.840> then,<00:00:10.080> you<00:00:10.240> know,<00:00:10.800> then

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people and then and then, you know, then

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people and then and then, you know, then you<00:00:11.120> won't<00:00:11.280> have<00:00:11.679> job.<00:00:12.000> You<00:00:12.160> know,<00:00:12.400> loads<00:00:12.719> of

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you won't have job. You know, loads of

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you won't have job. You know, loads of people<00:00:13.040> are<00:00:13.200> probably<00:00:13.360> going<00:00:13.440> to<00:00:13.519> lose<00:00:13.759> their

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people are probably going to lose their

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people are probably going to lose their jobs.<00:00:14.160> It's<00:00:14.320> just<00:00:14.480> going<00:00:14.559> to<00:00:14.639> drive<00:00:14.799> wages

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jobs. It's just going to drive wages

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jobs. It's just going to drive wages down.<00:00:15.599> Um,<00:00:15.920> but<00:00:16.160> it's<00:00:16.400> super<00:00:16.640> interesting,

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down. Um, but it's super interesting,

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down. Um, but it's super interesting, right?<00:00:17.279> Because<00:00:17.680> you<00:00:17.920> have<00:00:18.080> this<00:00:18.320> with<00:00:18.480> a<00:00:18.640> lot

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right? Because you have this with a lot

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right? Because you have this with a lot of<00:00:18.880> technologies.<00:00:19.520> It<00:00:19.760> does<00:00:20.000> improve

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of technologies. It does improve

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of technologies. It does improve productivity,<00:00:21.760> economic<00:00:22.160> productivity,<00:00:22.640> but

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productivity, economic productivity, but

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productivity, economic productivity, but it<00:00:23.039> does<00:00:23.119> it<00:00:23.199> in<00:00:23.359> such<00:00:23.439> a<00:00:23.600> way<00:00:23.680> that<00:00:23.840> it<00:00:24.000> only

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it does it in such a way that it only

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it does it in such a way that it only benefits<00:00:24.480> the<00:00:24.640> owners<00:00:24.880> of<00:00:25.039> the<00:00:25.199> machines<00:00:25.840> and

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benefits the owners of the machines and

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benefits the owners of the machines and it<00:00:26.240> hurts<00:00:26.400> the<00:00:26.640> workers.<00:00:27.039> But,<00:00:27.279> you<00:00:27.439> know,<00:00:27.519> if

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it hurts the workers. But, you know, if

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it hurts the workers. But, you know, if if<00:00:28.480> we<00:00:28.720> owned<00:00:29.199> if<00:00:29.359> we<00:00:29.599> if<00:00:29.760> we<00:00:29.920> each<00:00:30.160> had<00:00:30.320> the<00:00:30.560> I'm

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if we owned if we if we each had the I'm

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if we owned if we if we each had the I'm going<00:00:30.800> to<00:00:30.880> get<00:00:30.960> called<00:00:31.119> a<00:00:31.279> communist<00:00:31.599> again.

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going to get called a communist again.

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going to get called a communist again. If<00:00:32.239> we<00:00:32.559> had<00:00:32.880> ownership<00:00:33.280> of<00:00:33.440> these<00:00:33.680> resources,

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If we had ownership of these resources,

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If we had ownership of these resources, ordinary<00:00:34.960> people,<00:00:35.520> then<00:00:35.680> we<00:00:35.840> could<00:00:35.920> use<00:00:36.079> them

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ordinary people, then we could use them

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ordinary people, then we could use them to<00:00:36.320> our<00:00:36.480> benefit.<00:00:36.880> But<00:00:36.960> the<00:00:37.120> truth<00:00:37.280> is,<00:00:37.520> the

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to our benefit. But the truth is, the

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to our benefit. But the truth is, the people<00:00:37.840> who<00:00:38.079> own<00:00:38.239> these<00:00:38.399> things<00:00:38.640> are<00:00:38.879> going<00:00:38.960> to

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people who own these things are going to

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people who own these things are going to use<00:00:39.200> these<00:00:39.440> things<00:00:40.000> to<00:00:40.239> drive<00:00:40.399> your<00:00:40.640> wages

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use these things to drive your wages

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use these things to drive your wages down<00:00:41.120> to<00:00:41.280> take<00:00:41.440> your<00:00:41.600> job.<00:00:41.840> And<00:00:42.079> that's<00:00:42.480> going

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down to take your job. And that's going

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down to take your job. And that's going to<00:00:42.719> be<00:00:42.800> worse.<00:00:43.040> It's<00:00:43.200> going<00:00:43.280> to<00:00:43.360> be<00:00:43.440> bad<00:00:43.600> for

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to be worse. It's going to be bad for

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to be worse. It's going to be bad for inequality.<00:00:44.399> Honestly,<00:00:44.719> I<00:00:44.879> think<00:00:44.960> there's<00:00:45.200> a

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inequality. Honestly, I think there's a

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inequality. Honestly, I think there's a horrible<00:00:46.239> horrible<00:00:46.640> laziness<00:00:47.200> sometimes

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horrible horrible laziness sometimes

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horrible horrible laziness sometimes from<00:00:47.760> these<00:00:47.920> tech<00:00:48.160> bros.<00:00:48.480> They're<00:00:48.719> like,<00:00:48.879> "Oh,

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from these tech bros. They're like, "Oh,

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from these tech bros. They're like, "Oh, tech's<00:00:49.520> going<00:00:49.600> to<00:00:49.680> make<00:00:49.840> the<00:00:49.920> world<00:00:50.079> a<00:00:50.239> better

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tech's going to make the world a better

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tech's going to make the world a better place."<00:00:50.640> as<00:00:50.879> if<00:00:51.039> all<00:00:51.280> of<00:00:51.440> those<00:00:51.600> generations

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place." as if all of those generations

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place." as if all of those generations of<00:00:53.360> poverty,<00:00:54.000> desperate<00:00:54.480> poverty<00:00:55.039> and

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of poverty, desperate poverty and

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of poverty, desperate poverty and fighting<00:00:55.680> and<00:00:55.920> fighting<00:00:56.239> for<00:00:56.320> a<00:00:56.480> better<00:00:56.719> share

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fighting and fighting for a better share

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fighting and fighting for a better share didn't<00:00:57.120> happen.<00:00:57.440> You<00:00:57.520> know,<00:00:57.840> you<00:00:58.000> don't<00:00:58.160> fight

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didn't happen. You know, you don't fight

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didn't happen. You know, you don't fight for<00:00:58.399> your<00:00:58.559> share,<00:00:58.879> you<00:00:58.960> won't<00:00:59.120> get<00:00:59.199> your

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for your share, you won't get your

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for your share, you won't get your share.<00:00:59.600> Go<00:00:59.760> look<00:00:59.840> at<00:00:59.920> what<00:01:00.079> life<00:01:00.239> is<00:01:00.399> like<00:01:00.719> in

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share. Go look at what life is like in

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share. Go look at what life is like in Nigeria<00:01:01.600> and<00:01:01.920> Brazil<00:01:02.399> and<00:01:02.800> India<00:01:03.199> for<00:01:03.520> new

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Nigeria and Brazil and India for new

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Nigeria and Brazil and India for new people.<00:01:04.239> Yeah,<00:01:04.400> that<00:01:04.559> will<00:01:04.720> happen<00:01:04.879> here<00:01:05.280> if

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people. Yeah, that will happen here if

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people. Yeah, that will happen here if we<00:01:05.680> don't<00:01:05.840> fight.<00:01:06.080> Um<00:01:06.320> yeah,<00:01:06.560> it's<00:01:06.720> not<00:01:06.880> just

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we don't fight. Um yeah, it's not just

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we don't fight. Um yeah, it's not just technology<00:01:07.520> won't<00:01:07.760> fix<00:01:07.920> It's<00:01:08.159> not<00:01:08.240> Star<00:01:08.479> Trek.