Navigating Wage Inequality in the AI Economy towards Inclusive Growth in the UAE
Keywords:
business, economics, artificial intelligence, wage inequality, economic dynamics, AL ethics, labor market, policy frameworks, inclusive growth, UAE economy, automation, workforce transformationAbstract
The swift incorporation of artificial intelligence (AI) is significantly altering labor markets worldwide, particularly in vibrant economies such as the United Arab Emirates. This research investigates the socio-economic disparities that arise from technological advancements driven by AI, with a particular emphasis on their effects on lower-skilled workers and the Inclusive Wage Growth Index. Through thorough analysis, distinct inequalities are revealed between individuals in high-skill roles and those who are disadvantaged, who encounter obstacles without adequate support. The study underscores the critical necessity for proactive regulatory frameworks to ensure equitable practices within the AI landscape. Collaborative initiatives and ethical governance structures are vital to bridging gaps and promoting inclusive wage growth. This paper promotes responsible implementation approaches aimed at achieving long-term sustainability and collective advancement across various sectors. By tackling complexities and encouraging equality, the research highlights a shared objective of realizing potential for all individuals while enhancing economic resilience and prosperity throughout communities, ultimately benefiting future generations.