Published Jun 30, 2022

Wein K. Solos

Joel Leonard  


Rapid advancements in artificial intelligence (AI) will have a dramatic impact on the global economy. This paper provides a systematic review of the economic impact of AI, focusing on the promotion of AI on productivity and economic growth; the impact of AI on labor employment; and the question of whether AI will increase income inequality. On this basis, a summary of how to implement public policies to reduce the potential negative impacts of AI on the employment structure and income inequality is provided. Finally, a summary and prospective research directions are provided.



Artificial Intelligence, Economic Growth, Employment, Inequality of Income

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How to Cite
Solos, W. K., & Leonard, J. (2022). On the Impact of Artificial Intelligence on Economy. Science Insights, 41(1), 551–560. https://doi.org/10.15354/si.22.re066