Robotics, Artificial Intelligence, and the Evolving Nature of Work

In George, B., & Paul, J. (Eds.). Business Transformation in Data Driven Societies, Palgrave-MacMillan (Forthcoming)

19 Pages Posted: 11 Mar 2019

See all articles by Craig Webster

Craig Webster

Ball State University

Stanislav Hristov Ivanov

Zangador; Zangador Research institute; Varna University of Management (VUM)

Date Written: February 17, 2019

Abstract

Most people in the future will not need to work, at least in the ways in which we continue to think about work/human labour. In this chapter, we discuss the role of humans in the future economy. We begin with a discussion of the evolution of the integration of robots into the economy. Then, we turn out attention to the economics of robotics and AI, showing how these technological changes alter the economy and how markets and political responses may unfold. Then we discuss how humans can remain competitive in the new economy, developing skills that are needed and how educational institutions will have to change to address the new economic reality. Finally, we conclude, showing that humans will have to see their relationship to the job market differently and there will have to be an appropriate political response to the new economic landscape with changes in taxation and new ways of ensuring economic and political stability.

Keywords: future of work, robots, artificial intelligence, economics

Suggested Citation

Webster, Craig and Ivanov, Stanislav Hristov, Robotics, Artificial Intelligence, and the Evolving Nature of Work (February 17, 2019). In George, B., & Paul, J. (Eds.). Business Transformation in Data Driven Societies, Palgrave-MacMillan (Forthcoming). Available at SSRN: https://ssrn.com/abstract=3336104

Craig Webster

Ball State University ( email )

2000 W. University Avenue
Muncie, IN 47306
United States

Stanislav Hristov Ivanov (Contact Author)

Zangador ( email )

Varna, 9010
Bulgaria

HOME PAGE: http://www.zangador.eu

Zangador Research institute

Varna, 9010
Bulgaria

Varna University of Management (VUM) ( email )

13 Oborishte Street
Varna, 9000
Bulgaria
+359 898 680713 (Phone)

HOME PAGE: http://www.vumk.eu

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