Economists say artificial intelligence will increase social inequality

The use of artificial intelligence is considered a software revolution to a large extent. Currently, many of the infrastructures required for this technology, including computing devices and networks and cloud services, are available. Thus, there is no need to set up the initial AI prerequisites, and now chatbots like ChatGPT and a host of other similar AI tools are expanding rapidly.

The access and use of artificial intelligence is relatively cheap, and this fact makes many obstacles in the development of the said technology be removed; Of course, such a situation causes important discussions about the scope of the effects of artificial intelligence.

Modeling the complex and radical changes caused by the effects of artificial intelligence on the economy will ultimately create problems that no one has yet tackled. Also, economists cannot accurately comment on the possible effects of artificial intelligence on the economy without this type of modeling.

Increasing inequality among people and weakening institutions

Although economists have different views on the impact of artificial intelligence, they all believe that the technology could increase inequality among humans. One of the possible examples of this problem can be the increase in the transfer of power from labor to capitalists; Conditions that will weaken work institutions. This scenario can also weaken the tax base and reduce the government’s capacity to redistribute social justice.

written by GizmodoMost empirical studies show that artificial intelligence will not lead to the loss of human jobs in general; Of course, this technology can reduce the income of low-skilled workers, and as a result, the level of inequality in society will increase. In addition, productivity growth caused by artificial intelligence will redistribute jobs and restructure businesses, and these changes can have a great impact on increasing inequality within each country and inequality between different countries.

Controlling the rate of adoption of AI technology is likely to slow down the pace of social and economic reconstruction, resulting in a long-term adjustment period for losers and beneficiaries. Faced with the emergence of robots and artificial intelligence, governments can reduce income inequality and its negative effects by adopting policies that aim to reduce inequality of opportunities.

With the dominance of artificial intelligence, what will be left for humans?

Jeffrey SachsThe famous economist says: “What humans can do in the age of artificial intelligence is to be human; Because that’s what robots or artificial intelligence can’t do.”

In traditional economic modeling, humans are often considered synonymous with work and optimization agents. If machines can make decisions and provide ideas in addition to work, what will be left for humans in this situation?

The rise of artificial intelligence challenges economists to create more complex representations of humans and economic agents. Two American economists named David Parks And Michael Wellman They have pointed out that a world full of artificial intelligence agents can behave more like economic theory compared to the world of humans. Artificial intelligence respects ideal rational assumptions better than humans.

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