AI and Shared Prosperity
- URL: http://arxiv.org/abs/2105.08475v1
- Date: Tue, 18 May 2021 12:37:18 GMT
- Title: AI and Shared Prosperity
- Authors: Katya Klinova and Anton Korinek
- Abstract summary: Future advances in AI that automate away human labor may have stark implications for labor markets and inequality.
This paper proposes a framework to analyze the effects of specific types of AI systems on the labor market, based on how much labor demand they will create versus displace.
- Score: 0.0
- License: http://arxiv.org/licenses/nonexclusive-distrib/1.0/
- Abstract: Future advances in AI that automate away human labor may have stark
implications for labor markets and inequality. This paper proposes a framework
to analyze the effects of specific types of AI systems on the labor market,
based on how much labor demand they will create versus displace, while taking
into account that productivity gains also make society wealthier and thereby
contribute to additional labor demand. This analysis enables ethically-minded
companies creating or deploying AI systems as well as researchers and
policymakers to take into account the effects of their actions on labor markets
and inequality, and therefore to steer progress in AI in a direction that
advances shared prosperity and an inclusive economic future for all of
humanity.
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