Integrating artificial intelligence (AI) into production is likely to have a profound impact on labour markets. It
Question:
Integrating artificial intelligence (AI) into production is likely to have a profound impact on labour markets. It will likely lead to enormous gains in productivity (analogous to or even greater than the ones experienced by industrialized countries during the golden era) but it is also likely to substitute human labour in several occupations and tasks, simultaneously leading to the creation of new tasks and occupations which are complementary to AI. Drawing from your knowledge on the experiences of industrialized countries during the golden era:
Outline the elements that you think may be crucial for the long term effects of AI, on employment and wages
Discuss your view on whether institutions such as labor unions are important
Analyze the possible effects of AI on Beveridge curves
Corporate Finance and Investment decisions and strategies
ISBN: 978-1292064062
8th edition
Authors: Richard Pike, Bill Neale, Philip Linsley