The Meb Faber Show · Friday, July 17, 2026
Carson Block predicts that AI will displace a significant portion of knowledge workers, estimating around 15% of US knowledge workers within three years. He believes this will lead to a substantial decrease in aggregate demand and have a deflationary impact.
“I think that AI will displace a significant proportion of knowledge workers.”
“So, you know, we think 15%, you know, roughly 15% of US knowledge workers within three years is possible.”
“I mean, like if CapEx plans get dialed back, maybe that timeline changes.”
“But I feel that this is coming within, you know, not too too distant future, regardless.”
“So I think that AI will end up being, you know, like quite deflationary at that point in time.”