Wages Will Crash, But So Will Prices, Says Leading AI Investor Marc Andreessen On AI's Role In Ushering A Productivity-Fueled Consumer Boom

Marc Andreessen, a major tech investor and cofounder of venture capital firm Andreessen Horowitz, believes AI will drastically reshape the economy by crashing wages while also driving down the cost of goods and services. 

The Promise of a Consumer Utopia

In a recent tweet, Andreessen claimed that the fall in human wages due to AI is not only logical but necessary. “A world in which human wages crash from AI – logically, necessarily – is a world in which productivity growth goes through the roof, and prices for goods and services crash to near zero,” he wrote. “Consumer cornucopia. Everything you need and want for pennies.”

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