The Impact of AI on the Future of Worker and Workers

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Abstract

Historical Pathway of Automation
• The automation of work has been an ongoing process since the 1800s.
• Artificial intelligence is the automation of tasks normally requiring human intelligence.
• Artificial intelligence will be as disruptive and as beneficial as previous waves of automation: the steam engine, internal combustion engine, computers and the internet.
• Artificial Intelligence is here, now, and will impact upon Australian jobs whatever Australia does. The question is whether we drive the process, or are driven.

AI Continues that Pathway
• Artificial intelligence is the subject of much, and sometimes fantastical, speculation. But when companies who have adopted AI are surveyed, they report that AI delivers improvements in sales and efficiency, and results in new jobs and new roles within companies. This is just like all previous waves
of automation.
• Artificial intelligence has reached a global tipping point and we need to plan for it.
• Those countries that invest in research and development to take advantage of new waves of automation create global economic advantage for their industries and on average, increase the wealth of those
populations.
Original languageEnglish
Place of PublicationAdelaide
PublisherSouth Australian Centre for Economic Studies
Number of pages25
Publication statusPublished - Mar 2021

Publication series

NameEconomic Issues
PublisherSouth Australian Centre for Economic Studies
ISSN (Electronic)1445-6826

Keywords

  • Automation
  • Artificial intelligence (AI)
  • economic advantage
  • national strategy
  • Australia
  • Digital economy

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