How AI's Productivity Boom Is Redistributing Wealth in Unseen Ways Gregory Daco, EY Parthenon chief economist, has sounded a warning about a 'winner takes all' economy that is likely to emerge from the current AI driven productivity boom.
This trend, where technological advancements concentrate gains in large, vertically integrated firms and leave smaller players struggling, is not new.
History offers numerous examples of this phenomenon, including the railroad boom of the late 19th century and the dot com revolution of the 1990s.