
Daron Acemoglu, Simon Johnson
Technological progress does not automatically guarantee shared prosperity. History shows that without deliberate choices and strong institutions, innovations like artificial intelligence can enrich the elite while leaving ordinary workers behind.
The historical record demonstrates that technological revolutions often concentrate wealth and power among a select few unless workers and institutions push for broader distribution.
Current trends in artificial intelligence often favor replacing human labor instead of creating new tasks, which can weaken wages and worker bargaining power when left unchecked.
Corporate leaders and venture capitalists frequently promote a self-serving narrative that equates all technological disruption with inherent societal progress.