A new report from McKinsey suggest that the adoption and implementation of AI and automation by U.S. companies could further widen the racial wealth gap. With companies having already invested an estimated $20 – $30 billion in artificial technologies, McKinsey’s research shows that African Americans could be most affected by the disruptive forces of automation since they are “often overrepresented in the “support roles” that are most likely to be affected by automation, such as truck drivers, food service workers, and office clerks.” The research does point to some potential hope, with improvement to the African American workforce coming through:
- strengthening local economies,
- shifting education profiles to align with growing sectors,
- engaging companies and public policy makers in developing reskilling programs,
- and redirecting resources to ease the transition as automation changes the landscape for African American workers.
Source: McKinsey & Company