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What America’s top economists are saying about AI and inequality

“I’m pretty sure AI is going to have a bigger effect on the economy than the internet. And the internet was pretty big.”

Almost every job is really a bundle of many different tasks. AI may help or completely automate some of them, but, Brynjolfsson says, it can “almost never” do all of them. “If it did, then you would actually have the elimination of the whole job. But in most cases, there are parts of the job that humans do better. And I think as we design the systems, we have to bear that in mind, that we want to have systems where humans and the machine work together to create better outcomes rather than assuming that the machine can do everything.”

AI benefits those who can figure out how to use it well, and, it suggests, that in many fields, top performers could become more top performing, thereby increasing inequality.

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