MIT AI Risk Repository · Risk Sub-Category · 33.04.03
Income inequality and monopolies
Category: Challenges associated with the economy:
Description
"Generative AI can create not only income inequality at the societal level but also monopolies at the market level. Individuals who are engaged in low-skilled work may be replaced by generative AI, causing them to lose their jobs (Zarifhonarvar, 2023). The increase in unemployment would widen income inequality in society (Berg et al., 2016). With the penetration of generative AI, the income gap will widen between those who can upgrade their skills to utilize AI and those who cannot. At the market level, large companies will make significant advances in the utilization of generative AI, since t
From Generative AI and ChatGPT: Applications, Challenges, and AI-Human Collaboration (Nah2023), as extracted by the MIT AI Risk Repository (CC BY 4.0).
Classification
- Causal entity
- Human
- Intent
- Intentional
- Timing
- Post-deployment
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
- Polish Radio Station Replaces Human Hosts with AI-Generated Presenters to Simulate Interviewing Deceased Poet Wisława Szymborska
- Fast Food Chains' AI Chatbots Failed to Assist Job Applicants with Scheduling Interviews
- Kenyan Data Annotators Allegedly Exposed to Graphic Content for OpenAI's AI
- RealPage Algorithm Allegedly Inflates Rents and Reduces Competition in Housing Market
- Amazon Flex Drivers Allegedly Fired via Automated Employee Evaluations
- Kronos Scheduling Algorithm Allegedly Caused Financial Issues for Starbucks Employees