Will Artificial Intelligence Widen the Gap Between the Rich and Poor?

Artificial intelligence (AI) is set to shake up our world in ways we can barely imagine, according to James A. Robinson, recent co-winner of the 2024 Economics Nobel. In a thought-provoking interview, Robinson warned that AI will turbocharge productivity in wealthy countries—but not without a downside. The real kicker? This technological leap could send inequality soaring unless we step in with bold, decisive policies.

James A. Robinson Nobel Prize winner on AI and inequality

The Double-Edged Sword of Progress

Robinson’s insight is both inspiring and alarming. He believes AI could supercharge economic growth in places that already have a head start. But here’s the rub: without aggressive intervention, the social consequences could be disastrous. The rich get richer, the poor get…well, you get the idea. It seems like every time we invent something amazing, we forget to check if everyone gets a slice of the pie.

If you’ve ever wondered why your job feels more like “Black Mirror” than “The Jetsons,” you’re not alone. Robinson’s call for “very aggressive” policies isn’t just academic hand-wringing—it’s a wake-up call. Will our leaders rise to the challenge, or will they just ask ChatGPT to handle it?

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