MIT AI Risk Repository · Risk Category · 05.12.00

Labor displacement - Economic impact

Description

The literature frequently highlights concerns that generative AI systems could adversely impact the economy, potentially even leading to mass unemployment. This pertains to various fields, ranging from customer services to software engineering or crowdwork platforms. While new occupational fields like prompt engineering are created, the prevailing worry is that generative AI may exacerbate socioeconomic inequalities and lead to labor displacement. Additionally, papers debate potential large-scale worker deskilling induced by generative AI, but also productivity gains contingent upon outsourcin

From Mapping the Ethics of Generative AI: A Comprehensive Scoping Review (Hagendorff2024), as extracted by the MIT AI Risk Repository (CC BY 4.0).

Classification

Causal entity
AI

Subdomain definition: Widespread use of AI increasing social and economic inequalities, such as by automating jobs, reducing the quality of employment, or producing exploitative dependencies between workers and their employers.

Real-world incidents in this subdomain

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How other frameworks describe this risk

  • Societal inequality

    A Collaborative, Human-Centred Taxonomy of AI, Algorithmic, and Automation Harms (Abercrombie2024)

  • Job loss/losses

    A Collaborative, Human-Centred Taxonomy of AI, Algorithmic, and Automation Harms (Abercrombie2024)

  • Societal destabilisation

    A Collaborative, Human-Centred Taxonomy of AI, Algorithmic, and Automation Harms (Abercrombie2024)

  • Labour exploitation

    A Collaborative, Human-Centred Taxonomy of AI, Algorithmic, and Automation Harms (Abercrombie2024)

  • Political instability

    A Collaborative, Human-Centred Taxonomy of AI, Algorithmic, and Automation Harms (Abercrombie2024)

  • Economic

    The Rise of Artificial Intelligence - Future Outlooks and Emerging Risks (Allianz2018)

  • Increased income disparity

    The Rise of Artificial Intelligence - Future Outlooks and Emerging Risks (Allianz2018)

  • Effects on the Workforce

    Foundational Challenges in Assuring Alignment and Safety of Large Language Models (Anwar2024)

Other entries from Hagendorff2024