Artificial Intelligence, Automation, and Work

March 17, 2023

Keywords: Artificial, Intelligence, Authomation
Email address of the author: Gutieraroel25@gmail.com

Abstract

Our framework also emphasizes that these countervailing forces are generally insuffi cient to totally balance out the implications of automation. In particular, even if these forces are strong, the displacement eff ect of automation tends to cause a decline in the share of labor in national income. But we know from the history of technology and industrial development that despite several waves of rapid automation, the growth process has been more or less balanced, with no secular downward trend in the share of labor in national income. We argue this is because of another powerful force: the creation of new tasks in which labor has a comparative advantage, which fosters a countervailing reinstatement eff ect for labor. These tasks increase the demand for labor and tend to raise the labor share. When they go handin-hand with automation, the growth process is balanced and it need not imply a dismal scenario for labor.

 

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