German newsletter articles in 2018 fanned fear in many employees with headlines like „Siri, machst du uns bald alle arbeitslos?“ (Kramer, 2018) or „Wird jeder Zehnte arbeitslos?“ (Rudzio, 2018). The worry over joblessness due to industrialisation is not a new occurrence. Although vast technical and industrial development should be pursued recklessly in order to make bigger profits that should increase wealth for all, there have been movements against this development throughout history. Reasons for these dissenting voices can be for example: social, ecological or even economic to maintain the status quo. The destruction of mechanical looms from 1811 by Ned Ludd and his followers show, how people have been aware of the effects of technology on employment.
Even though there are a plenty of reasons to work against an industrial revolution, e.g. pollution or change of the environment, a lot of them are rooted in a fear of unemployment. It has been shown, that unemployment leads to an increase of criminality, decreases mental and physical health and has a negative impact on individual happiness. If the assumption that about 47 percent of total US employment is at risk, is correct, employments and therefore society is facing a massive disruption.
This assignment is focused on social and macroeconomic outcomes from the latest technological trend, and highly discussed topic in media: Artificial Intelligence based Automation. Following the introduction it is primarily discussed, which kinds of jobs are potentially threatened by automation. Second, this assignment illustrate the economic problems arising with automation. The third part is a brief summarisation of approaches on how to cope with the problems caused by automation in the near future.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Which jobs are automatable and why?
- Possible economic problems of automation
- Solution approaches to the arising problems of automation
- Conclusion
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This seminar paper explores the implications of artificial intelligence (AI) driven automation on the future of labor. It aims to identify which jobs are most susceptible to automation, analyze potential economic consequences, and present possible solutions to address the challenges posed by this technological shift.
- Automation of routine and non-routine tasks
- Economic impacts of automation
- Strategies to mitigate the negative consequences of automation
- The role of AI in various industries
- The historical context of technological advancements and their impact on employment
Zusammenfassung der Kapitel (Chapter Summaries)
The paper begins by examining the historical context of technological advancements and their impact on employment, highlighting the anxieties associated with job displacement. It then delves into the question of which jobs are automatable, explaining the concept of routine and non-routine tasks and how AI is increasingly capable of automating both.
The second chapter explores potential economic problems arising from automation, drawing upon existing research and highlighting the risks of job losses, increased inequality, and social unrest. This chapter analyzes the potential consequences of a large-scale shift from human to automated labor.
Schlüsselwörter (Keywords)
The key terms and concepts in this paper include automation, artificial intelligence, robotics, machine learning, job displacement, economic inequality, social consequences, policy solutions, and the future of work. These terms are central to the analysis of the impact of AI-driven automation on the labor market and society.
- Quote paper
- Patrick Schneider (Author), 2018, "They'll take our jobs". The future of labour in the light of automation due to artificial intelligence and robotics, Munich, GRIN Verlag, https://www.grin.com/document/438603
