MIT AI Risk Repository · Risk Sub-Category · 73.05.02

Effects on Inequality

Category: Socioeconomic Impacts of LLM May Be Highly Disruptive

Description

"LLMs could potentially worsen socioeconomic inequalities (Capraro et al., 2023). Effects on inequal- ity are closely linked to the effects of LLMs on workers but ultimately depend on how the fruits of technological progress are distributed...First, if the role and compensation of capital rise and the role and compensation of labor decline in an LLM-powered economy, inequality may go up because work is the main source of income for the majority of people...Second, the large fixed cost of training cutting-edge LLMs and the network effects involved imply that the market for the most advanced LLM

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

Browse all incidents in this subdomain

How other frameworks describe this risk

  • 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)

  • Societal inequality

    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)

  • Increased income disparity

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

  • Economic

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

  • Labour market risks

    International Scientific Report on the Safety of Advanced AI (Bengio2024)

Other entries from Anwar2024