I like the blog Roughly Daily, but I don’t always agree with their perspective. In today’s article they share a post that tries to claim that AI will level the playing field. Since you can’t comment on the post, I will explain here why I disagree.

AI has already been in use for many years. It has not leveled the playing field, rather it has helped increase the wealth gap by aiding hedge fund operations and investing. The computers that now control most of the trades on the stock market are AI. These computers are going to get even more accurate and even faster in the future thanks to satellite internet. You ain’t seen nothing yet.

The only way to truly level the playing field is for all people to participate in the wealth building that occurs via investing and earning money on money . Workers simply cannot compete against this way of getting rich. Wage earners , even those with “good-paying” jobs cannot earn the money that the investor class earns. Even doctors and lawyers can’t get rich off their wages. To get rich you must be playing the stock market and over half the country is not able to risk part of their income on high risk investments. If we truly want to close the gap, we will do something about this.

For some, the prospect of further advances in AI and related tech (robotics, connectivity, et al.) conjures a future of existential risk, a …

“The most perfect political community is one in which the middle class is in control, and outnumbers both of the other classes”*…