MIT AI Risk Repository · Risk Sub-Category · 11.05.04

Labor & material/Macro-socio economic harms

Category: Societal System Harms

Description

Algorithmic systems can increase “power imbalances in socio-economic relations” at the societal level [4, 137, p. 182], including through exacerbating digital divides and entrenching systemic inequalities [114, 230]. The development of algorithmic systems may tap into and foster forms of labor exploitation [77, 148], such as unethical data collection, worsening worker conditions [26], or lead to technological unemployment [52], such as deskilling or devaluing human labor [170]... when algorithmic financial systems fail at scale, these can lead to “flash crashes” and other adverse incidents wit

From Sociotechnical Harms of Algorithmic Systems: Scoping a Taxonomy for Harm Reduction (Shelby2023), as extracted by the MIT AI Risk Repository (CC BY 4.0).

Classification

Causal entity
Other
Intent
Other

Subdomain definition: AI-driven concentration of power and resources within certain entities or groups, especially those with access to or ownership of powerful AI systems, leading to inequitable distribution of benefits and increased societal inequality.

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