Technological Unemployment and the Ai Revolution: An Investigation on Macroeconomic Consequences

Authors : Abdulhalik Pınar

Pages : 15-26

View : 59 | Download : 56

Publication Date : 2024-08-13

Article Type : Research Paper

Abstract :The swift expansion of Artificial Intelligence (AI), devoted to creating computer systems capable of performing tasks usually requiring human intelligence, has sparked a crucial debate about its effects on employment. This study examines the risk of AI leading to large-scale technological unemployment, where workers\' skills become outdated due to technology. At the same time, it recognizes AI\'s potential to stimulate economic growth and create jobs. The study delves into the complexities of AI and technological unemployment, suggesting that while some sectors may be more susceptible to AI-driven job displacement, the total employment impact is neither uniform nor predictable. It also highlights the socioeconomic repercussions of unchecked AI, which could exacerbate income inequality and impede social mobility. However, this research also reveals an optimistic facet of the AI revolution. AI holds the potential to create new jobs and industries, and to transform existing roles, thereby enhancing productivity and job satisfaction. Case studies within the study show that successful integration of AI without significant job losses is indeed possible. In conclusion, the study proposes solutions to AI-induced unemployment, such as education and retraining, Universal Basic Income, and regulations for AI development and usage. It advocates for a balanced approach that mitigates the risks of AI-driven job displacement while maximizing AI\'s job creation potential. The study underscores the need for resilience, foresight, and collective commitment to shape an inclusive, equitable, and beneficial future of work in an AI-driven world. Its findings and recommendations could provide valuable insights for various stakeholders navigating the unfolding AI revolution.
Keywords : Teknolojik İşsizlik, Yapay Zeka, İstihdam, Sosyal Hareketlilik