Part 5/9:
As the conversation shifted towards economic inequalities, Roubini painted a grim picture. He noted that the growing technological divide, inherently driven by developments in AI, is likely to intensify existing wealth disparities. The notion of a “winner-takes-all” economy could become even more entrenched, consolidating wealth within the upper echelons while leaving many low- to middle-income individuals in precarious job situations.
Furthermore, he cautioned that the rise of AI does not merely threaten jobs—it offers fertile ground for the growth of populist sentiments and anti-democratic movements as those left behind struggle to cope with an economy increasingly attuned to the needs of high-skill, capital-intensive industries.