Category: Inequality
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AI-fuelled job automation set to widen inequality in the UK, warns report
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The rapid automation of millions of jobs through artificial intelligence can intensify economic inequality throughout the United Kingdom unless the government retracts with targeted support, according to a new study conducted by the Future Labor Institute (IFOW). The report found for three years that both companies and workers face widespread…
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Wealth remains solidly the hands of few, finds inequality nonprofit warning of new ‘Gilded Age’
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Taking the modern-century idea of “let them eat cake,” shareholders get to have the whole cake, and eat it too. It is not surprising that the board has been able to stay out of the fray, as wealthy members are more prepared to weather an economic downturn. But it turns…
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Online dating contributes to income inequality
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Online dating may be partly responsible for rising income inequality in the United States in recent decades, according to a study. Research paper. Since the advent of dating apps that let people search for partners based on criteria including education, Americans are increasingly marrying someone more like themselves. That accounts…
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Generative AI Set to Disrupt Jobs and Widen Inequality, IMF Warns
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The International Monetary Fund (IMF) has issued a stark warning about the profound labor market disruptions and inequality that AI could cause, urging governments to step up economic protectionism to protect their economies. In a recent report, the International Monetary Fund highlighted that advances in artificial intelligence technology could lead…