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MIT AI Risk Repository · Risk Sub-Category · 47.04.04

Impact on labor markets (rising inequalities)

Category: Environmental, economical, and societal challenges

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Description

"AI is more likely to displace workers when it is designed to replicate human skills and intelligence.597 In such cases, there is a risk of concentrating wealth and power in the hands of a few individuals or organizations that control the capital. In addition, ordinary people, including those with significant expertise, may become less valued because machines would be performing their roles. This shift could lower wages, reduce the value of human work, and exacerbate economic inequality."

From Regulating under Uncertainty: Governance Options for Generative AI (G'sell2024), as extracted by the MIT AI Risk Repository (CC BY 4.0).

Classification

Causal entity
AI
Timing
Other

Subdomain definition: AI systems capable of creating economic or cultural value, including through reproduction of human innovation or creativity (e.g., art, music, writing, code, invention), can destabilize economic and social systems that rely on human effort. This may lead to reduced appreciation for human skills, disruption of creative and knowledge-based industries, and homogenization of cultural experiences due to the ubiquity of AI-generated content.

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