AI and Economic Inequality
The Impact of AI on Economic DisparitiesThe Impact of AI on Economic Disparities
As artificial intelligence continues to advance, its impact on economic disparities becomes increasingly evident. One of the key ways in which AI exacerbates economic inequality is through automation. With the rise of AI-powered technologies, many low-skilled jobs are at risk of being replaced by machines, leading to job losses and income disparities among different socio-economic groups. This shift in the workforce can widen the gap between the rich and the poor, as those with the necessary skills to work alongside AI will benefit while others may struggle to find employment opportunities. Additionally, AI can also increase the concentration of wealth in the hands of a few tech giants, further widening the e...








