MIT AI Risk Repository · Risk Category · 41.01.00
Economic
Description
"AI is predicted to bring increased GDP per capita by performing existing jobs more efficiently and compensating for a decline in the workforce, especially due to population aging, the potential substitution of many low- and middle-income jobs could bring extensive unemployment"
From The Rise of Artificial Intelligence - Future Outlooks and Emerging Risks (Allianz2018), as extracted by the MIT AI Risk Repository (CC BY 4.0).
Classification
- Causal entity
- AI
- 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
How other frameworks describe this risk
Other entries from Allianz2018
- Increased income disparity
- Markets monopolization
- Political
- Biased influence through citizen screening and tailored propaganda
- Potential exploitation by totalitarian regimes
- Mobility
- Cyber security
- Liability issues in case of accidents
- Healthcare
- Alteration of social relationships may induce psychological distress
- Social manipulation in elderly- and child-care
- Security & Defense