Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/196790 
Year of Publication: 
2019
Series/Report no.: 
IZA Discussion Papers No. 12292
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
Artificial Intelligence is set to influence every aspect of our lives, not least the way production is organized. AI, as a technology platform, can automate tasks previously performed by labor or create new tasks and activities in which humans can be productively employed. Recent technological change has been biased towards automation, with insufficient focus on creating new tasks where labor can be productively employed. The consequences of this choice have been stagnating labor demand, declining labor share in national income, rising inequality and lower productivity growth. The current tendency is to develop AI in the direction of further automation, but this might mean missing out on the promise of the "right" kind of AI with better economic and social outcomes.
Subjects: 
automation
artificial intelligence
jobs
inequality
innovation
labor demand
productivity
tasks
technology
wages
JEL: 
J23
J24
Document Type: 
Working Paper

Files in This Item:
File
Size
153.15 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.