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The increasing integration of artificial intelligence and automation technologies in industries has the potential to significantly impact socioeconomic inequality. On one hand, these advancements may lead to enhanced productivity and economic growth, potentially creating new job opportunities and improving overall efficiency. However, there is a risk that automation could exacerbate income disparities by displacing certain job sectors and leading to job loss for lower-skilled workers. To mitigate potential negative consequences, policymakers should focus on implementing measures that prioritize upskilling and retraining programs for affected workers, ensuring a smooth transition into new roles. Additionally, policies supporting income redistribution and a robust social safety net can help cushion the impact on vulnerable populations, promoting a more equitable distribution of benefits from AI and automation technologies.