What will AI mean for economic inequality?
What does this have to do with AI? AI development is concentrated in the aging countries, and thus it will follow the path set by the realities, needs, and incentives in those places. Aging countries are seeing the ratio of working-age people to retirees collapse, making it more difficult to sustain pension schemes and contain health-care costs. Countries looking to maintain their retirees' living standards and their overall economic dynamism will seek ways to expand their effective labor force, be that with humans or with artificial agents. Limited (and likely highly unpopular) gains could come from increasing the retirement age. More sizable gains could come from immigration.
Aug-27-2024, 10:00:00 GMT