BISness
What might artificial intelligence mean for inequality?
Dec 11, 2023
Jon Frost and Giulio Cornelli discuss the impact of artificial intelligence on inequality, exploring topics such as AI investment and income distribution. They also delve into how AI can influence inequality through structural transformation and skill-based technical change.
13:28
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Quick takeaways
- AI adoption may result in exponential growth and quick changes, which cannot be easily predicted based on past experience or theories.
- Research suggests that AI is associated with an increase in income inequality, benefiting the wealthiest decile while the bottom decile experiences no change in real incomes and a decrease in income share.
Deep dives
AI adoption and its unpredictability
AI adoption may not follow a linear path, with exponential growth leading to quick changes. The speed and unpredictability of AI adoption may not be easily foreseen based on past experience or theories.
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