According to Federal Reserve Governor Michele Barr, on November 12, rapid artificial intelligence adoption could exacerbate income inequality in the short term, necessitating policy preparedness for potential labor market disruptions. Speaking at Yale University, Barr cautioned that regulatory safeguards will determine the extent and duration of AI's impact. She warned that market concentration among a few dominant AI firms could widen inequality, with executives and shareholders gaining wealth while smaller businesses lose market share. Barr stated: "In such a scenario, the vast majority of enterprises and their employees will struggle to adequately access improving AI resources and thus see reduced gains. Overall, labor income share will decline, market concentration will increase, and inequality will worsen."

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