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
Date Written: February 17, 2019
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
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