Economic thought in the era of artificial intelligence (AI) is increasingly being recognised for its ability to reshape various aspects of the economy. AI technologies have the potential to enhance productivity by automating tasks, reducing errors and improving efficiency. This, in turn, can contribute to economic growth and improved living standards. However, concerns arise regarding job displacement and the need for acquiring new skills to adapt to changing labour market demands.
AI can disrupt labour markets by automating certain job functions, leading to shifts in employment patterns. This presents both challenges and opportunities, as some jobs may become obsolete while […]
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