Veteran Economist Warns Gen Z Faces AI-Driven Economic Decline
Renowned economist Gary Shilling, who accurately forecast both the dot-com and housing bubbles, warns that Generation Z faces a challenging economic future shaped by artificial intelligence. According to his analysis, young workers may need to work significantly harder than previous generations while potentially ending up with lower purchasing power. The 88-year-old economist, still actively running his firm, suggests adaptation and productivity enhancement will be crucial for survival in the coming AI-dominated landscape.
A Warning From Economic History
Gary Shilling, the economist who built his reputation by accurately predicting both the dot-com bubble and the housing bubble collapses, is now sounding alarms about a different kind of economic disruption. According to recent reports, Shilling believes Generation Z faces a particularly challenging future in the age of artificial intelligence—one that may require substantially more effort for potentially diminished returns compared to their parents’ generation.