Noting that richest 10 per cent in the UK own five times more wealth than the poorest 50 per cent
Well of course they bloody do!
The bottom huge chunk of the population, will have negative wealth. By dint of having more debt than they have savings. So by just owning £1 and no debt, you're probably richer than over a billion people combined. That's not some shocking global iniquity, it's just fucking arithmetic!
It's also utterly meaningless in terms of the UK. In the sense that it ignores what we already do to correct wealth inequality. I am entitled to an index-linked state pension worth over £6k a year, that would cost something like £200,000 to purchase the annuity for. Plus entitlements to health, housing and unemployment cover, that would cost hundreds of thousands more to buy over a lifetime. What is that, if not wealth? It dwarfs the equity I own in my flat. And I bet would make a huge difference to that oft quoted 50% figure.
As to the AI report, I thought there was still a broad connection between economic productivity and overall wages? Obviously that would suggest AI, if it ever happens, would boost general wages.
Obviously some jobs would lose out, and if those people can't be retrained fast enough they'd suffer badly. But that's a problem that has happened for thousands of years. It's not new.