Exploring The Impact Path of Artificial Intelligence Development on Income Distribution Equity

The rapid development of artificial intelligence has opened up an unprecedented window of opportunity, but at the same time, it has also triggered a series of complex and serious challenges. This technology is penetrating and reshaping every level of economic and social structure with unprecedented depth and breadth, profoundly changing people's production mode and life mode. This study focuses on the specific mechanisms of AI's impact on global income distribution equity and finds that it works through three core pathways: substitution and creation effects, skill bias, and capital bias. Ai is not only reshaping the employment landscape by replacing low-skilled labor jobs and creating new occupations, it is also further widening the income gap between high-skilled labor and low-skilled labor, as well as owners of labor capital, because of its inherent skill preferences and capital preferences. The interwoven effect of these mechanisms, while driving rapid economic growth, has also exacerbated income inequality within society.

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Publication Details

Journal
Journal of Education Humanities and Social Sciences
Published
2024-12-26
DOI
https://doi.org/10.54097/jcay0h81
Primary Topic
Medical Research and Treatments
Type
article
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article

Exploring The Impact Path of Artificial Intelligence Development on Income Distribution Equity

Yiran Liu
Journal of Education Humanities and Social Sciences
Medical Research and Treatments
article

Exploring The Impact Path of Artificial Intelligence Development on Income Distribution Equity

Yiran Liu
article en

Abstract

The rapid development of artificial intelligence has opened up an unprecedented window of opportunity, but at the same time, it has also triggered a series of complex and serious challenges. This technology is penetrating and reshaping every level of economic and social structure with unprecedented depth and breadth, profoundly changing people's production mode and life mode. This study focuses on the specific mechanisms of AI's impact on global income distribution equity and finds that it works through three core pathways: substitution and creation effects, skill bias, and capital bias. Ai is not only reshaping the employment landscape by replacing low-skilled labor jobs and creating new occupations, it is also further widening the income gap between high-skilled labor and low-skilled labor, as well as owners of labor capital, because of its inherent skill preferences and capital preferences. The interwoven effect of these mechanisms, while driving rapid economic growth, has also exacerbated income inequality within society.

Journal of Education Humanities and Social SciencesVol. 45
Capital University of Economics and Business (CN)
No poverty
Openalex Percentile: Top 55%
Medical Research and Treatments
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Exploring The Impact Path of Artificial Intelligence Development on Income Distribution Equity — Yiran Liu · Journal of Education Humanities and Social Sciences (2024) | TGRS Research Map | TGRS