""Since the fall of the Berlin Wall, more wealth has been created than in any time prior in human history, but in advanced economies, that wealth has accrued to a far narrower share of people than any healthy society can ultimately sustain," Fink said."
""Early gains are flowing to the owners of models, owners of data and owners of infrastructure," Fink said. "The open question: What happens to everyone else if AI does to white-collar workers what globalization did to blue-collar workers? We need to confront that today directly. It is not about the future. The future is now.""
Unfettered AI growth risks displacing large segments of the working and professional classes and may become a systemic failure of capitalism. Wealth created since the fall of the Berlin Wall has concentrated in a much narrower share of people in advanced economies, undermining societal sustainability. Early gains from AI are accruing to owners of models, data, and infrastructure, concentrating economic power among a small group. If AI impacts white-collar workers similarly to how globalization affected blue-collar workers, broad wage-earning majorities face severe economic disruption. Immediate, direct action is necessary to prevent deepening inequality and to share AI benefits more equitably.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]