The AI Economy Lab
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Understand the economics of AI before it reshapes everything around you!

A rigorous, evidence-grounded course for professionals, journalists, and engaged citizens who want to move past the headlines — and reckon honestly with what capital-biased technological change, a looming job-creation gap, and runaway hyperscaler spending actually mean for wages, inequality, and power.

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The AI Economy Lab

The numbers on AI and the economy are often alarming — and the least useful thing I can do is pretend otherwise.

— Val (Valdas) Samonis

What you'll learn

What you'll be able to do

  • Explain how capital-biased technological change suppresses wage growth and shifts income from labor to capital
  • Analyze the job-creation gap between AI data center investment and equivalent investment in other sectors
  • Apply Ricardo's foundational crowding-out framework to interpret modern AI capital expenditure trends
  • Evaluate hyperscaler spending projections and their downstream effects on labor demand through 2032
  • Assess how AI infrastructure investment interacts with existing wealth and income inequality trends
  • Construct evidence-based arguments for or against policy interventions such as Universal Basic Income for Learning and AI windfall taxes

How it works

A school that adapts to you

This isn't a set of static videos. Every lesson is generated live and tuned to where you actually are.

We learn your level

A quick placement check tailors your starting point so you're never bored or lost.

Lessons adapt as you go

Each lesson is written for your pace and your goal, adjusting as your skills grow.

Your AI coach keeps you moving

Checkpoints, feedback, and gentle nudges turn progress into a real result.

The curriculum

What's inside your school

6 modules · 24 lessons

1

The AI Economy in Plain English

Establishes the foundational concepts — capital, labor, and technological change — needed to analyze AI's structural economic impact.

  • 1.1What Economists Mean by Capital and LaborIncluded
  • 1.2Capital-Biased Technological Change: A PrimerIncluded
  • 1.3How Data Centers Actually Work — EconomicallyIncluded
  • 1.4The Job-Creation Gap: AI vs. the Rest of the EconomyIncluded
2

Crowding Out: When AI Spending Displaces Other Investment

Applies the crowding-out framework to show how hyperscaler capital expenditure competes with — and displaces — investment in labor-intensive sectors.

  • 2.1Ricardo's Crowding-Out Insight and Why It Still MattersIncluded
  • 2.2How Hyperscaler Spending Crowds Out Other InvestmentIncluded
  • 2.3The $10 Trillion Question: Projecting Hyperscaler Capex Through 2032Included
  • 2.4The 10 Million Job Shortfall: Reading the Back-of-Envelope MathIncluded
3

Wages, Power, and the Labor-Capital Balance

Examines how reduced labor demand from AI investment reshapes wage dynamics, bargaining power, and the labor share of national income.

  • 3.1Declining Labor Share: Trends Before and After AIIncluded
  • 3.2Wage Pressure Without Mass UnemploymentIncluded
  • 3.3Bargaining Power and the Rise of OligarchyIncluded
  • 3.419th-Century Parallels: What the Industrial Revolution Can Teach UsIncluded
4

AI and Inequality: Evidence and Mechanisms

Investigates how AI infrastructure investment interacts with and amplifies existing wealth and income inequality.

  • 4.1Mapping Today's Inequality LandscapeIncluded
  • 4.2Who Owns AI? Capital Concentration and Wealth GainsIncluded
  • 4.3AI's Distributional Effects Across Occupations and RegionsIncluded
  • 4.4Compounding Disadvantage: When Inequality Feeds ItselfIncluded
5

Policy Responses: UBI for Learning, Windfall Taxes, and Beyond

Evaluates concrete policy interventions designed to redistribute AI gains, retrain displaced workers, and rebalance the labor-capital divide.

  • 5.1The Case for Universal Basic Income for LearningIncluded
  • 5.2AI Windfall Taxes: Design, Feasibility, and Trade-offsIncluded
  • 5.3Labor Market Policies: Wage Floors, Portable Benefits, and Collective BargainingIncluded
  • 5.4Comparing Policy Packages: Evidence from Past Technological DisruptionsIncluded
6

Building Your Own Analysis: From Evidence to Argument

Equips learners to independently evaluate AI economic claims, construct rigorous arguments, and engage credibly in public and policy debate.

  • 6.1How to Read an Economic Paper on AI — CriticallyIncluded
  • 6.2Constructing an Evidence-Based Argument for or Against a PolicyIncluded
  • 6.3Spotting Hype: Red Flags in AI Economic ForecastingIncluded
  • 6.4Capstone: Analyze a Real AI Investment AnnouncementIncluded

Who it's for

Is this you?

Policy analysts

They need rigorous frameworks — not talking points — to evaluate AI-related legislation, from windfall taxes to labor market reform.

Journalists & editors

They cover AI and want the economic literacy to interrogate hyperscaler projections, spot forecasting hype, and put data in structural context.

Graduate students

They're studying economics, public policy, or sociology and want an applied, argument-driven complement to their academic coursework.

Senior professionals

They're navigating AI's effects on their industry and want to understand the economic forces at play — not just the technology itself.

Engaged citizens

They vote, advocate, and argue — and want the economic grounding to participate in AI policy debates with confidence and precision.

Investors & strategists

They're tracking hyperscaler capex and capital concentration and want honest, evidence-based analysis of the downstream economic consequences.

Questions

Frequently asked

Your teacher

A note from your teacher

Val (Valdas) Samonis

Val (Valdas) Samonis

If you've found yourself frustrated — genuinely frustrated — by the quality of public conversation about AI and the economy, you're in the right place.

Not because the frustration isn't warranted. It absolutely is. The mainstream coverage swings between two poles: breathless optimism about abundance and productivity, and panicked headlines about mass unemployment. What almost never makes it into either story is the structural economic analysis that would actually tell us something. The labor share data. The job-creation math behind data center investment. The historical record of what technological disruptions do to bargaining power and wealth concentration when left unaddressed.

Mr Elon Musk warns: Only 3 years left before the end of the "work for salary" era!

Elon Musk broke his silence with a bombshell statement about the future of the job market and employment: The remaining time to earn money through "human effort" won't exceed 3 years at most!

After this period, most salaried jobs will be automated, and the social contract that has lasted for the past 200 years will end: "We borrow your time for 40 years and we'll give you a salary"!

Key highlights from the warning and the anticipated historic shift: Collapse of the value of "human time": Salary is paid for lending/selling your time... When the machine becomes faster, cheaper, and better at utilizing this time, the value of wage labor will suddenly collapse!

The biggest wealth transfer in history: The current gap between those who have embraced the shift and started moving, and those waiting for its announcement in the news bulletins, is the difference between survival/richness, and ruin.

What to do during these critical three years? Transform your time and effort immediately into assets that machines cannot take from you, the most prominent of which are:

Real tangible assets (land, forest, and energy). Infrastructure and computing hardware. Strong network relationships (Human Network). The ability to produce food and basic resources.

In the period between 2035 and 2036, the lesson won't be "how much do you earn monthly?" but "what do you actually own?" The shift from the concept of "wage employee" to "asset owner" is no longer a side option, but a matter of survival faster than anyone imagines!

PwC’s 2026 Global AI Jobs Barometer analyzed over one billion job advertisements in 27 countries and territories. The average wage premium for workers with AI skills reached 62%, up from 57% a year earlier. PwC’s release names machine learning as an example of an AI skill. The release also says AI is increasing the emphasis on human skills such as judgment, creativity and leadership.

EY US announced the rewards on August 31. The $100 million goes to professionals who develop future-focused skills, advance the firm’s culture, drive innovation and deliver exceptional client service. The program has three award categories. Collaboration and leadership appear in the first, along with learning and experimentation. Technology appears in the second, along with innovation, disruption and growth. CBS News describes the rewards as bonuses for workers who show human skills such as leadership, judgment, business acumen, collaboration and an ability to adapt.

I built The AI Economy Lab because I believe rigorous economic analysis shouldn't be locked behind graduate seminars or 80-page working papers. The concepts aren't that complicated — capital-biased technological change, Ricardo's crowding-out insight, the mechanics of hyperscaler capex — but they require careful introduction and honest engagement with what the data actually shows. Some of those numbers are alarming. I'll tell you when they are, and why, and what the range of serious interpretations looks like.

The course is structured to build your analytical toolkit from the ground up: we start with first principles on capital and labor, work through the crowding-out and job-creation evidence, examine the inequality mechanisms in detail, and then apply all of it to the policy debates that matter — UBI for Learning, windfall taxes, labor market reform. We close with the skills to do this analysis yourself, on new announcements and new data, long after the course ends.

I don't think you need to be talked at. I think you need the theory cum praxis frameworks, the evidence, and an intellectually honest guide willing to say: here's what we know, here's what's genuinely uncertain, and here's how to tell the difference. That's what I've tried to build here.

Come ready to read carefully, think hard, and update your priors when the evidence calls for it. That's the only prerequisite that matters.

— Val (Valdas) Samonis

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  • 6 modules, 24 lessons
  • AI-adaptive lessons tuned to your level
  • Quizzes & checkpoints to lock in progress
  • Your own AI learning coach
  • Learn on any device, at your pace
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