A LABORLESS SOCIETY? HOW HIGHLY AUTOMATED ENVIRONMENTS AND BREAKTHROUGHS IN ARTIFICIAL INTELLIGENCE BRING ABOUT INNOVATIVE KINDS OF SKILLS AND EMPLOYMENT DISRUPTIONS, ALTERING THE NATURE OF BUSINESS PROCESS AND AFFECTING THE PATH OF ECONOMIC GROWTH.

Author:Nica, Elvira
Position::Report
 
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  1. Introduction

    Societies are dissimilar in their capabilities to bring about a vigorous process of advances, heterogeneity into innovative products and services, and models of productive shift that create satisfactory jobs. Markets stimulate the exploration for technological alteration and creativeness (Lazaroiu, 2017b; Means, 2017; Peters, 2016) but they are entrenched in societies, their outcomes being affected by social capabilities. The definite series of formal and informal knowledge aspects incorporated in a society impact the character of product advances an economy may profitably carry out. (Nubler, 2018)

  2. Literature Review

    Digital technologies give rise to innovative opportunities to adjust labor in a more accommodating way, enabling employees to become freelancing and advance cutting-edge undertakings and income prospects. Sustained growth in output and satisfactory occupations necessitate heterogeneity of the economy, the development of high-tech operations, and a vibrant growth in internal and foreign demand. (Nubler, 2018) Efficiency gains boosted by the present trends in innovation are burdened with the related deficit of jobs and with the likely social dissension and tension that the replacement of labor by robots generates. (Gomes, 2018)

  3. Methodology

    Using and replicating data from Bureau of Labor Statistics, CEA calculations, Frey and Osborne (2013), Gartner, National Post, OECD, Pew Research Center, Statista, and YouGov, we performed analyses and made estimates regarding percentage of jobs with high potential for automation or significant change in task, probability of automation by an occupation's median hourly wage, the impact of artificial intelligence automation on jobs, and percentage of U.S. workers worried they might lose their job to advancing technology, and who say they would (strongly) oppose/(strongly) favor certain policies in the event that robots and computers are capable of doing many human jobs.

  4. Results and Discussion

    If automation is reached by corresponding alterations in the generation of innovative tasks, the proportion of labor in national income may remain constant and provide an unchanging degree of (un)employment in the economy. The discrepancy between skills and technologies raises imbalance (Havu, 2017; Malott, 2016; Nica, 2017; Popescu, 2014) and curbs the output gains from automation and cutting-edge tasks. To confine growing disparity, exemplarily redistribute innovative tasks, and exploit...

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