Impaction of Artificial Intelligence on the Labor Market

Wu Kao

doi:10.54254/2754-1169/84/20240772

Research Article

Open access

Published on 24 May 2024

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Kao,W. (2024). Impaction of Artificial Intelligence on the Labor Market . Advances in Economics, Management and Political Sciences,84,24-29.

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Impaction of Artificial Intelligence on the Labor Market

Wu Kao *^,1,

¹ Sir Winston Churchill Secondary, Vancouver, British Colombia, V6P 3P7, Canada

* Author to whom correspondence should be addressed.

https://doi.org/10.54254/2754-1169/84/20240772

Abstract

This paper examines the impacts of Artificial Intelligence (AI) on the labor market, specifically highlighting job displacement and the consequential effects of AI technologies. It analyzes the decline in job opportunities due to the emergence of automated technologies and the challenges faced by workers as a result. With AI becoming increasingly adept at basic programming and analysis, some tasks such as bank teller, drawer, factory worker, and cashier are no longer suitable for humans due to the relatively high efficiency of AI. People should take roles that require emotional support, creativity, and uniquely human capabilities. These roles will show intuition, wisdom, empathy, creativity, and social sensitivity. The paper underscores the development of artificial intelligence and emphasizes the importance of cultivating creative skills that can be utilized with AI rather than competing against it and talks about the impact on the students’ prospects which leads them to make different choices on their future.

Keywords

artificial intelligence, labor market, job displacement, student prospect

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References

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Cite this article

Kao,W. (2024). Impaction of Artificial Intelligence on the Labor Market . Advances in Economics, Management and Political Sciences,84,24-29.

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About volume

Volume title: Proceedings of the 2nd International Conference on Management Research and Economic Development

Conference website: https://www.icmred.org/

ISBN：978-1-83558-433-0(Print) / 978-1-83558-434-7(Online)

Conference date: 30 May 2024

Editor：Canh Thien Dang

Series: Advances in Economics, Management and Political Sciences

Volume number: Vol.84

ISSN：2754-1169(Print) / 2754-1177(Online)

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