Introduction:
Artificial Intelligence (AI) has the potential to revolutionize various industries and improve efficiency. However, it also brings along negative economic impacts that need to be considered. In this response, we will explore some of the key negative economic impacts of AI.

1. Job Displacement:
AI has the capability to automate repetitive tasks and replace human labor in various industries. This can lead to significant job displacement, especially in sectors where AI can perform tasks more efficiently and at a lower cost. Jobs such as data entry, customer service, and manufacturing are at risk of being replaced by AI technologies, leading to unemployment and a decline in wages for those affected.

2. Inequality:
The implementation of AI technologies may exacerbate existing economic inequalities. Companies that can afford to invest in AI will gain a competitive advantage, leading to a concentration of wealth and power in the hands of a few. Small businesses and individuals may struggle to keep up, widening the wealth gap between the rich and the poor.

3. Skill Gaps:
The rapid advancement of AI requires a skilled workforce to develop, implement, and manage AI technologies. However, there is a shortage of individuals with the necessary skills and expertise in AI. This skill gap can lead to increased unemployment among those who lack relevant skills and hinder economic growth in countries that fail to address this issue.

4. Dependence on AI:
Over-reliance on AI technologies can make economies vulnerable to disruptions. Technical failures, cyber-attacks, or malfunctions in AI systems can have severe economic consequences. Additionally, if countries become overly dependent on AI, a decline in human skills and capabilities may occur, limiting innovation and adaptability.

5. Ethical Concerns:
AI raises ethical concerns surrounding privacy, security, and bias. Data collection and analysis by AI systems can invade individuals' privacy, leading to public mistrust. Moreover, biased algorithms can perpetuate discrimination and inequality if not properly regulated. Addressing these ethical concerns requires additional investments and regulations, which could have economic implications.

Conclusion:
While AI brings numerous benefits, it is essential to acknowledge and mitigate the negative economic impacts. Governments, businesses, and individuals need to invest in reskilling programs, promote inclusive AI development, and establish regulations to ensure that AI technology is harnessed responsibly and for the greater good. By addressing these challenges, societies can maximize the potential economic benefits of AI while minimizing its negative impacts.