How does automation impact labor market dynamics and job security?

Insight from top 5 papers

Automation significantly impacts labor market dynamics and job security by reshaping industries, transforming job roles, and creating wage differentials [2] . The task model clarifies that automation substitutes capital for labor in various tasks, leading to both positive productivity effects and negative displacement effects, reducing employment opportunities for workers [3] . Research shows that industries with high automation potential increase susceptibility to job insecurity, with social media engagement potentially mitigating this effect [1] . Moreover, the government plays a crucial role in ensuring a fair labor market amidst concerns about decreased employment opportunities and […]

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