MTS
Why AI Has Not Changed the Economy Yet | Callum Williams
Oct 11, 2026
About this episode
The Economist's Callum Williams analyzes why generative AI hasn't transformed the broader economy after four years, pointing to historic technology diffusion delays, low business adoption, and a lack of labor market reallocation. He discusses corporate AI budget constraints, why pandemic-era predictions of mass labor automation failed, and what leading indicators would actually signal economic growth from AI. Check out our sponsor Lovable: https://lovable.dev. Turn ideas into software people love. MTS is a live news and interview show covering technology, business, politics, and culture as it happens. Follow MTS: X | https://twitter.com/MTSlive YouTube | https://www.youtube.com/@mtsituation Spotify | https://open.spotify.com/show/4HUNNmV1pjV7CW6Lphm1rM Apple | https://podcasts.apple.com/us/podcast/mts/id1891088763 Substack | https://mtslive.substack.com/ Interested in sponsoring the show? sponsors@mts.now -- Brought to you by: Mongo DB - Anyone can prototype an agent. Learn how to get them into production on September 30th in New York - register at https://www.mongodb.com/events/mongodb-local/nyc Lovable - Turn ideas into software people love with Lovable. Start today at https://lovable.dev/ Larridin - Finally prove what your AI investment is worth. Head to https://larridin.com/ today to start measuring your AI’s bottom line. Neon (by Databricks) - Get up to $100K in credits for your startup at https://neon.com/mts ElevenLabs - AI that communicates at human level across every channel and modality. https://elevenlabs.io/mts Arena - Measuring AI performance in the real world. https://arena.ai/ Kong - The AI connectivity platform. Connect APIs, LLMs, agents, and systems with serious security and governance. https://konghq.com Today’s stream is sponsored by VCX, the public ticker for private tech. Head over to http://getvcx.com to learn more Blitzy - Autonomous software development for enterprise codebases. Ship 5x faster. https://blitzy.com AdQuick - Make your brand a billboard. Out-of-home advertising as easy to scale as digital. https://adquick.com Chargebee - Billing and monetization infrastructure for the AI era. https://www.chargebee.com/ -- Timestamps: (00:00) Introduction(00:49) Why Has AI Not Changed the Economy?(01:49) Why AI Diffusion Is Slower Than Expected(03:26) How Much Do People Actually Use AI?(05:11) What Triggers Widespread AI Adoption?(06:33) What Signs Signal AI Economic Growth?(08:52) What Is Really Driving Tech Layoffs?(12:21) Which Economic Doom Predictions Came True? -- Note : This podcast is not investment, legal, or tax advice, and is intended for informational and entertainment purposes only. Hosts and guests may hold positions in the companies and securities discussed; do your own research before acting on anything you hear.