Marc Andreessen’s AI Vision: Prosperity or Wage Collapse?

Billionaire investor Marc Andreessen, co-founder of Andreessen Horowitz, has stirred controversy by openly stating that AI must “crash” human wages to achieve a utopian economy. In a recent tweet, he argued that plummeting wages would supercharge productivity, drive costs close to zero, and create a consumer paradise—though at the cost of financial ruin for countless workers.

Andreessen’s stance embodies the brutal economic logic of Silicon Valley’s AI evangelists, who frame widespread disruption as an inevitable step toward progress. However, critics point out that his vision lacks any meaningful solutions for displaced workers, except vague nods to economic transformation. Notably, he rejects universal basic income (UBI), likening it to turning people into “zoo animals”.

His remarks are part of a broader trend among tech moguls openly celebrating automation, with Larry Ellison advocating AI-powered surveillance and OpenAI’s former CTO Mira Murati dismissing creative jobs as unnecessary. This growing rhetoric suggests that AI isn’t just about innovation—it’s about power and control, with the ultra-rich investing billions to replace labor rather than support it.

With AI-induced job losses looming, the question remains: Is Silicon Valley engineering a utopia or an economic nightmare?

Source: https://futurism.com/the-byte/ai-investor-goal-crash-human-wages?utm_source=tldrai