Chetty on AI and inequality

“I think unfettered AI and technological progress in general will likely amplify inequality and amplify all the issues that we’ve been talking about. What we’ve seen historically is that as there’s been technological progress, if education keeps up with that … then inequality doesn’t rise so much because lots of people are able to get higher paying jobs and you have a smaller pool of people competing for jobs that no longer are in as much demand because they don’t require as much skill. If we don’t do anything, AI is likely to amplify all of the disparities we’ve been talking about. But AI also creates tremendous potential, if we harness that technology in the right way.”- Raj Chetty