Abstract
Technological advancements and significant strides in artificial intelligence have undeniably propelled economic growth. Integrating AI into production processes enhances productivity and efficiency. AI systems can operate continuously without breaks, and advanced technologies minimize the risk of human errors, producing high-quality goods and reducing costs. Ever since the inception of ChatGPT, the discourse surrounding the potential replacement of human labor by artificial intelligence has been a recurring theme. However, specific industries within the job market are resistant to being replaced by artificial intelligence, as they require distinct human qualities like creativity, emotion, and decision-making skills. These professions require problem-solving, interpersonal skills, emotional understanding, moral decision-making, and various unique human talents. This paper analyses the relationship between AI and the unemployment rate and the solution. It revealed the temporary decline in production efficiency, including short-term production efficiency reduction and long-term productivity improvements. Various policies can be implemented to address the issues mentioned, including initiatives to enhance education and improve the transparency of AI applications.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have