AI threatens to widen the inequality gap.
A new survey suggests that AI will widen the inequality gap, as it requires specific skills to utilize AI models, according to MIT professor Daron Acemoglu. AI is expected to increase inequality between labor and capital, Acemoglu stated.
A new survey indicates that AI may exacerbate economic inequality. MIT professor Daron Acemoglu, a Nobel laureate in economics, stated that using AI models requires a certain level of education, abstract and quantitative skills, and familiarity with computers and coding. Acemoglu believes AI will increase inequality between labor and capital. The rhetoric that AI tools are democratizing is not reflected in reality, according to Acemoglu. He expects AI to have a significant impact on the economic landscape.
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