The Role of Artificial Intelligence in Closing the Gap Between Economic Classes

Abstract

This study aims to analyze the role of artificial intelligence (AI) in reducing economic inequality between different social classes. The problem with economic inequality is that it can lead to social and economic instability, reduced economic growth, and limited opportunities for individuals from lower socioeconomic backgrounds. The field of AI is relatively new, and its potential applications are still being explored, which may explain why there is still a need for more research in this area. Furthermore, the complexity of the issue of economic inequality requires a multidisciplinary approach, which can be challenging for researchers to navigate. In this research, a literature review was conducted on articles, books, and reports related to AI and economic inequality. The data obtained were analyzed using a qualitative descriptive approach. The research results show that AI has the potential to increase efficiency in business and provide better access to education and training, which can help individuals from lower social classes to move up to a higher economic level. However, there are also risks associated with the use of AI in reducing economic inequality. These risks include job switching, especially in repetitive and less skilled jobs, and the potential to reinforce existing biases and discrimination. Thus, this research emphasizes the need for a careful and thoughtful