Abstract

Artificial intelligence started as a fictional concept but has continuously developed into more and more sophisticated systems that are capable of automating large portions of production processes, as well as completing repetitive tasks. At first glance, it has displaced low to middle-class workers from employment, while those who hold the reins of AI have gained significant economic benefits. Yet this may not always be the case. It is hence questioned whether the continuous evolution of AI tends to shift the Gini coefficient closer to 0 or to 1. This paper aims to adopt a far-sighted approach in the evaluation of this subject matter, first by discussing relevant historical context, then by delving into the impacts of AI on the income levels of varied socioeconomic groups. Finally, there will be a pragmatic solution on how workers can adapt to these new challenges, in alignment with economic concepts.

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