Can AI Deliver Broad-Based Prosperity? (Michael Spence)

Written by Berhanu Anteneh

July 3, 2025

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While nothing is guaranteed, there are good reasons to expect that the implementation of AI will usher in significant productivity gains. But even if it does, those gains will not automatically lead to widely shared benefits in terms of employment and incomes.

MILAN – There is little consensus around anything AI-related these days. But one expectation that does seem to have taken hold among a large share of businesses, investors, and analysts is that the technology will enhance productivity in a wide range of areas. But even if these gains materialize, will they be worth it?

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