Artificial Intelligence – Making the rich richer and the poor poorer

Globally, the economic divide is growing. The rich are getting richer and the poor are getting poorer. In Australia, more than a quarter of households have recently experienced a decrease in income.1 The reasons for the growing economic divide are many and complex. They include factors such as job insecurity, wage cuts and underemployment.1

Underemployment and unemployment are being affected by growing use of artificial intelligence in the workplace. As technology rapidly progresses, more jobs will be affected. For many low-skilled workers, technology can now perform the functions of these employees, leaving them out of work. On . . .

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