Tag: inequality

Artificial Intelligence Shifts Job Market Dynamics Rather than Reduces Employment

An in-depth study conducted by the Research Institute of the Finnish Economy (Etla) has revealed that, rather than diminishing the overall demand for labor, artificial intelligence (AI) has significantly restructured the types of skills and jobs in demand. The organization’s recent findings show how the emergence of AI in text generation has influenced job markets profoundly.

In an undisclosed English-speaking job market platform, researchers categorized jobs into three distinct groups for the study. The work was divvied up into jobs that could be replaced by AI, those augmented by AI, and jobs that are not influenced by AI technology. Interestingly, […]

How Generative AI is Changing the Global South’s IT Service Sector

How Generative AI is Changing the Global South’s IT Service Sector

The IT services that make up a significant portion of exports and employment in the Global South tend to be highly susceptible to automation by generative AI. Given the potential for countries to reshore and automate previously outsourced IT tasks, the Global South’s IT services appear vulnerable to AI adoption. However, policymakers in these countries can pursue policies to help their workers and industries adapt and benefit from AI.

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0 Julian Jacobs is a Google Public Policy Fellow with the Information Technology and Innovation Foundation. Outside of his work for ITIF, Julian is a PhD […]

Artificial Intelligence and Job Automation

Artificial Intelligence and Job Automation

ISLAMABAD – According to a recent report by the International Monetary Fund (IMF), artificial intelligence (AI) is expected to have a significant influence on approximately 40% of professions in Pakistan. IMF Managing Director Kristalina Georgieva voiced worries that the nation’s inequality may grow if artificial intelligence is used unrestrained. She issued a warning, stating that the wealthy and well-educated portions of society will probably gain more from AI.

The innovations of AI based systems in the workplace has been rising concerns of massive job losses and the widening of the economic divides. When the technology was not so highly developed […]

How working life could change if robots take over more and more jobs

How working life could change if robots take over more and more jobs

There is plenty of work to do, as long as there is money to pay people, says the researcher. (Photo: Shutterstock / NTB) Industrial robots could create greater changes than humanoid robots, researcher says.

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Artificial intelligence and robots could take over more and more tasks in the future.Technology may play a greater role in manual labour, office work, the healthcare sector, and possibly transportation.What happens if there are no longer enough jobs for everyone? Researchers working with questions of ethics and technology share their thoughts. Full automation in warehouses Henrik Skaug Sætra believes robotics and artificial intelligence will […]

Bridging the innovation gap: AI and robotics as drivers of China’s urban innovation

Bridging the innovation gap: AI and robotics as drivers of China’s urban innovation

VoxEU Column Productivity and Innovation In recent years, the potential of artificial intelligence (AI) and robotics to revolutionise production processes and stimulate innovation has attracted considerable attention (e.g. Presidente and Calì 2022). Despite this, their capacity to address disparities in innovation remains underexplored. In our recent paper (Rodríguez-Pose and You 2024) we delve into the capacity of AI and robotics to not only spearhead technological innovation, but also to trigger innovation in the less developed and less innovative Chinese cities – those places where traditional innovation-boosting policies have often failed. The geographical concentration of innovation

Science and technology (S&T) […]

New Frontiers: The Origins and Content of New Work, 1940—2018

Technological change transforms economies and labor markets, reshaping the types of jobs that are available, the wages they pay, and the skills they require. Much recent empirical work has documented the displacement of labor from existing job tasks by automation technology, including robots and software. However, this literature has primarily treated the set of human job tasks as finite and static, implying that as automation proceeds, labor is confined to an ever-narrowing scope of activities. Casual observation and historical evidence suggest this is at odds with reality: as employment in (previously) labor-intensive sectors such as agriculture, textiles, mining, and […]

Automation and AI: The Shift in Job Trends

Automation and AI: The Shift in Job Trends

The Emergence of Advanced Technologies Reshapes Career Landscapes

With the rise of Industry 4.0, several professions are at the precipice of transformation, primarily due to automation and artificial intelligence (AI) advancements. Office secretaries, once essential for managing and executing administrative tasks, may see an 8% reduction in job opportunities. This is attributed to AI’s capability to automate scheduling and document management duties traditionally performed by secretaries.

Delivery Services Bracing for a Technological Revolution Delivery services, which have thrived with online shopping and e-commerce platforms, are also likely to witness a significant shift. In the next decade, experts anticipate these […]

MIT professor hoses down predictions AI will put a rocket under the economy

MIT professor hoses down predictions AI will put a rocket under the economy

Artificial intelligence (AI) may not do much to boost productivity – and could end up widening the income gap between owners of capital and workers.

In a National Bureau of Economic Research paper titled "The Simple Macroeconomics of AI," Daron Acemoglu, professor of economics at Massachusetts Institute of Technology, argues that predictions AI will improve productivity and boost wages in a " blue-collar bonanza " are overly optimistic.

"AI will have implications for the macroeconomy, productivity, wages and inequality, but all of them are very hard to predict," Acemoglu argues. "This has not stopped a series of forecasts over the last […]

The Impact of Industry 4.0 on Future Employment Opportunities and Challenges

The Impact of Industry 4.0 on Future Employment Opportunities and Challenges

The rapid evolution of Industry 4.0 is shaping the employment landscape, offering new opportunities but also presenting challenges for certain jobs that may become obsolete. Professionals and students alike should be aware of how technological advancements are influencing job prospects in various sectors.

Market Analysts are currently tasked with gathering and interpreting data to aid marketing and business strategies. However, artificial intelligence (AI) and automated systems are increasingly capable of performing these tasks more efficiently and accurately. According to the digital platform Hotmart.com, the need for human market analysts could significantly decline over the next decade.

Telemarketing roles , […]

AI Is Making Economists Rethink the Story of Automation

AI Is Making Economists Rethink the Story of Automation

picture alliance /Getty Images Summary.

Will artificial intelligence take our jobs? As AI raises new fears about a jobless future, it’s helpful to consider how economists’ understanding of technology and labor has evolved. For decades, economists were relatively optimistic, and pointed out that previous waves of technology had not led to mass unemployment. But as income inequality rose in much of the world, they began to revise their theories. Newer models of technology’s affects on the labor market account for the fact that it absolutely can displace workers and lower wages. In the long run, technology does tend to raise […]