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The wrong kind of AI? : Artificial intelligence and the future of labor demand

Author: Daron Acemoglu; Pascual Restrepo; National Bureau of Economic Research,
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2019.
Series: Working paper series (National Bureau of Economic Research), no. 25682.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Artificial Intelligence is set to influence every aspect of our lives, not least the way production is organized. AI, as a technology platform, can automate tasks previously performed by labor or create new tasks and activities in which humans can be productively employed. Recent technological change has been biased towards automation, with insufficient focus on creating new tasks where labor can be productively  Read more...
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Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Daron Acemoglu; Pascual Restrepo; National Bureau of Economic Research,
OCLC Number: 1090680222
Notes: "March 2019"
Description: 1 online resource (13 pages).
Series Title: Working paper series (National Bureau of Economic Research), no. 25682.
Responsibility: Daron Acemoglu, Pascual Restrepo.

Abstract:

Artificial Intelligence is set to influence every aspect of our lives, not least the way production is organized. AI, as a technology platform, can automate tasks previously performed by labor or create new tasks and activities in which humans can be productively employed. Recent technological change has been biased towards automation, with insufficient focus on creating new tasks where labor can be productively employed. The consequences of this choice have been stagnating labor demand, declining labor share in national income, rising inequality and lower productivity growth. The current tendency is to develop AI in the direction of further automation, but this might mean missing out on the promise of the "right" kind of AI with better economic and social outcomes.

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