AI Will Likely Decrease Wages, Make Everyday Americans Poorer

AI will very likely benefit a select few and negatively affect millions, if not billions, of others. AI is, in many ways, a technology of the rich, for the rich

AI (Artificial Intelligence) letters and a robot miniature are seen in an illustration image on June 23, 2023. Dado Ruvic/Reuters

Commentary

During a recent, wide-ranging interview, Vinod Khosla, an investor in OpenAI, the company behind ChatGPT, sang the praises of artificial intelligence (AI). Within the next decade, according to the upbeat businessman, all Americans should expect to have access to AI-powered medical professionals, educational tutors, and legal services. The best part? You won’t have to pay a dime, he said. If it sounds too good to be true, as you know, it probably is.