Why Artificial Intelligence Will Widen the Wealth Gap

There's a common saying that it's expensive to be poor; it elegantly states the paradox that many Americans face, which is that even small amounts of available capital can avoid future, more troublesome capital outlays. In a way, the corollary is that it also takes more time to be poor. It is important to recognize this dichotomy in light of the discussion about AI and income inequality. Based on our data, our projection is that higher-income shoppers are more likely to be early adopters of AI technology. In doing so, they will be able to delegate mundane tasks, creating more of their prioritized commodity: time.