AI Will Wreck the Economy in 5 Years | Expert Explains How

There's a silver lining if you're Resilient enough...

Although Chad sat down for this episode days ahead of the current conflict with Iran, AI expert and entrepreneur Dave Fox presciently pointed to the ticking time bomb that is lurking beneath the present civil, geopolitical, and economic unrest.

“Massive job loss and the repercussions of that across the economy [are] going to be big.”

Tensions are simmering with Iran and Trump’s tariffs have thrown a wrench in the free-trade policies that benefited corporations but gutted the middle class over the last 40 years. But all of this is peanuts compared to the AI revolution that Dave Fox is predicting within the next election cycle. “I think we will have agentic AI within the next five years.” For those not in the know, “agentic AI” would be able to perform jobs that are currently held by billions worldwide.

To learn what happens when massive swaths of the population are put out of work and relegated to their homes, we don’t have to peer very far into the past.

“If you look at COVID as an example,how did people do with more time on their hands? Well, we had more suicides. We had more drug addiction. We had more alcoholism, more depression, more anxiety, more divorce. Not very good.”

Not very good, indeed.

But the conversation was not all doom and gloom. In the spirit of Resilience, Chad and Dave got into the various ways that AI can make your life easier and more productive. In short, it can empower the individual because these tools will no longer be exclusively in the hands of big companies, it will be in the palm of your hand.

“We're on the forefront of this right now it doesn't have to be something that is a headwind for us. It can be a tailwind and I want to challenge people to switch your thinking on this. How can this be something that can propel you into your destiny instead of something that's going to be a hindrance.”

Chad related this to one of the four pillars of Resilience (mind, body, spirit, social), “I agree with you on that: A lot of times when I talk about the mental pillar it's not just about knowledge, it's not just about being informed and being mentally healthy; It's about perspective.”

Call me old-fashioned, but this and other reports sent by Resilient Times are not generated by AI and 100% made in America!

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