What happens when AI
can do most jobs better than humans?
CrashLab is an economic simulator that helps policymakers, researchers, and citizens understand AI's impact on the economy—before it's too late to prepare.
The Demand Spiral
Our economy depends on workers earning wages and spending them. AI threatens to break this fundamental cycle.
AI Replaces Workers
Firms adopt AI to reduce labor costs. Fewer workers are needed.
Incomes Collapse
Displaced workers lose their wages. Unemployment rises.
Spending Falls
Without income, households cut consumption dramatically.
Demand Collapses
Businesses see falling revenue. They cut more workers. Repeat.
The circular flow: workers earn wages and spend them. AI threatens to break this cycle.
Simulation Before Reality
CrashLab lets you test economic scenarios and policy interventions in a safe environment—before trying them in the real world.
Test Policies
What happens with UBI? Job guarantees? Different tax structures? Find out in simulation.
Understand Dynamics
Watch how feedback loops amplify small changes into economic crises—or stability.
Open Science
All assumptions visible. All code open source. Challenge our model, improve it.
Agent-Based Economics
Unlike traditional models, CrashLab simulates individual households and firms making decisions—then watches macroeconomic patterns emerge.
Full simulation: 1 million households • 50,000 firms • 3 banks • 1 government
Households
- Earn wages
- Spend money
- Save wealth
- Search for jobs
Firms
- Hire workers
- Produce goods
- Set prices
- Can go bankrupt
Government
- Collects taxes
- Provides safety net
- Counter-cyclical policy
Banks
- Provide credit
- Hold deposits
- Can be recapitalized
Part of
The New Consensus Family
Ready to Explore?
Whether you're a policymaker, researcher, or curious citizen—CrashLab gives you the tools to understand our economic future.