Researchers from China have conducted a study indicating the benefits of developing artificial intelligence technologies on the economy and society. The study was conducted by researchers at the universities of 'Changchun' and 'Shenzhen' in China, and revealed that systems relying on artificial intelligence contribute to increasing economic growth in addition to improving overall welfare.
The researchers concluded that artificial intelligence technologies increase income inequality, especially concerning the gap between labor returns and capital returns. Their scientific research stated that 'artificial intelligence will be a new driving force for economic growth, adding new vitality to the economy'.
The research model developed by the researchers takes into account several factors such as the labor market, capital returns, and also the ability to earn a livelihood and the related social factors. It is expected that increased productivity will lead to higher wages and profits.
Additionally, it is expected that demand for artificial intelligence applications in productive operations for companies will lead to increased wages. Despite this, it should ultimately be noted that the rise in returns on capital far exceeds the rate of increase in wages, a matter that calls for strengthening policies and redistribution frameworks to ensure achieving a balance between economic growth and social justice, as suggested by the researchers.
