Author : Johnny Ch Lok
Release : 2019-07-07
Genre :
Kind : eBook
Book Rating : 986/5 ( reviews)
Book Synopsis Artificial Intelligence Impacts Human JOb Market Change by : Johnny Ch Lok
Download or read book Artificial Intelligence Impacts Human JOb Market Change written by Johnny Ch Lok. This book was released on 2019-07-07. Available in PDF, EPUB and Kindle. Book excerpt: (AI) -driven automation industry will create wealth and expand economy growth to any countries, but it will be accompanied by changed in the skills that workers need to learn. One of main ways that technology increases productivity is by decreasing the number of labor hours needed to create a unit of output. It implies (AI) technology will influence low educated and low skillful labor number to be decreased ( reduction employment number).In contrast, technological change tended to work in a different direction throughout the nowadays. The advance of computer and the internet raised the relative productivity of higher skilled workers. So, routine-intensive occupations that focused on predictable tasks disappearance, such as switch board, operators, filming checkers, travel agents and assembling line workers etc. were particularly replaced by new technologies.However, today, it may be challenging to predict exactly which jobs will be most immediately affected by (AI) driven-automation. The reason is because (AI) is not a single technology, but rather a collection of technologies that are felt unevenly through theeconomy to influence job changing both negatively and positively. In positively view point, (AI) driven-automation will make many workers more productive and increase demand for certain skills. Consequently, new jobs are likely to be directly create in areas, such as the development and supervision of (AI) as well as indirectly created in a range of areas throughout the economy as higher incomes lead to expanded demand. Otherwise, in negatively view point, many traditional human needed ( demand) skillful jobs will be threatened by automation are highly concentrated among lower-paid, lower-skilled and less -educated workers. It means automation will cause pressure on demand for this group, pressure and employment, if (AI) can replace the low skilled and less educated workers' jobs. Thus, (AI) will have negative influence to impact on the labor market.(AI) capabilities will enable automation of some tasks that have long required human labor. Why can (AI) replace some simple human jobs? For example, advances in robotics are expanding machines' abilities to interact with and sharp the physical world. Combined, (AI) and robotics will give rise to smarter machines that can perform more sophisticated functions than ever before and brings moreadvantages that humans have exercised. This will permit automation of many tasks now performed by human workers and could change the shape of the labor market and human activity.
