Does artificial intelligence promote common prosperity within enterprises? —Evidence from Chinese-listed companies in the service industry

• DOI: 10.1016/j.techfore.2023.123180
• Publication Date: 2024-01-11T03:02:13Z
• Authors: Kaiming Chen; Xiaoqian Chen; Zhan-ao Wang; Roman Zvarych
• Keywords: Prosperity; Remuneration

As the largest industry that absorbs labor from different levels of employment and provides remuneration, service has faced severe challenges wave artificial intelligence replacement. This study examines whether promotes shared prosperity among enterprises based on microdata listed companies in Chinese 2008 to 2022. The main research results indicate application significantly reduces enterprises' income share. mechanisms action include structure effect squeezing out low-educated frontline workers wage-productivity improves productivity but benefits capital income, leading an unequal distribution. Research found improving integration regional markets workers' bargaining power can help alleviate negative effects applications share industry. helps developing countries, such as China, manage impact widespread market important policy insights for achieving common prosperity.