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AI think pieces ignore pre-existing wealth inequality trends

A Mastodon post critiques a think piece suggesting AI could create a permanent underclass. The author argues that significant wealth redistribution from the bottom 90% to the top has already occurred between 1975 and 2023, citing an $80 trillion figure from the RAND Institute. This trend, predating widespread AI adoption, indicates that the conditions for an underclass were already in place. AI

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IMPACT Critiques the narrative that AI is the primary driver of wealth inequality, suggesting existing economic trends are more significant.

RANK_REASON The item is an opinion piece shared on social media, critiquing a common narrative about AI's societal impact.

Read on Mastodon — sigmoid.social →

COVERAGE [1]

  1. Mastodon — sigmoid.social TIER_1 · [email protected] ·

    LOL, another think piece about "AI may create a permanent underclass". The tally of the wealth redistributed upwards from the bottom 90% between 1975 and 2023 i

    LOL, another think piece about "AI may create a permanent underclass". The tally of the wealth redistributed upwards from the bottom 90% between 1975 and 2023 is just shy of $ 80 trillion according to the RAND Institute. We were well on the way to a permanent underclass without A…