Will government spending on the development of artificial intelligence and automation technologies bring long-term benefits to the economy or lead to massive job losses?
Dear Researchers, Scientists, Friends,
Investments in AI and automation are crucial for increasing the competitiveness of the economy, but they can also lead to increased technological unemployment. The dilemma is whether government support for these technologies will bring more benefits or exacerbate social problems. Research shows that investment in AI and automation will increase economic productivity and create new employment sectors. On the other hand, mass automation will lead to increased unemployment and labour market polarisation. The dilemma formulated in the above question takes on particular significance in the context of Industry 4.0 and the growing role of robotics in the manufacturing and service sectors. While previous technological revolutions led to the creation of new jobs, there is no guarantee that a similar effect will occur in the case of AI and automation. There is a risk that the economic benefits will be concentrated in the hands of technology corporations, and the middle class will experience negative consequences. An alternative could be the implementation of active income redistribution policies or the concept of basic income, which could mitigate the effects of technological unemployment.
I have described the key issues of the opportunities and threats to the development of artificial intelligence technologies in my article below:
OPPORTUNITIES AND THREATS TO THE DEVELOPMENT OF ARTIFICIAL INTELLIGENCE APPLICATIONS AND THE NEED FOR NORMATIVE REGULATION OF THIS DEVELOPMENT
Article OPPORTUNITIES AND THREATS TO THE DEVELOPMENT OF ARTIFICIAL I...
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Dariusz Prokopowicz