We are witnessing the rise of a new aristocracy

Former Biden administration economic official Jennifer M. Harris, in a guest essay for The New York Times describing AI and its potential to worsen economic inequality, cites MIT and MIT Sloan economists Daron Acemoglu, Simon Johnson and David Autor. “A.I. could be designed to increase the value of human expertise by building tools that make workers more capable, but so far it’s doing the opposite,” the story reports.