Authors :
Gbolahan Owoeye
Volume/Issue :
Volume 9 - 2024, Issue 6 - June
Google Scholar :
https://tinyurl.com/4wakj4x9
Scribd :
https://tinyurl.com/34h39d58
DOI :
https://doi.org/10.38124/ijisrt/IJISRT24JUN328
Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.
Abstract :
This paper examines the Influence of Artificial
Intelligence on Employment Trends in the United States
(US). The rapid development of AI technology is creating
significant disruptions in traditional labor markets,
leading to concerns about unemployment and inequality.
The paper highlights the importance of understanding the
effects of AI on the labor market and the need for
proactive steps to address any negative impact as well as
the policy options available to address these challenges,
including retraining and education programs, regulation
of AI use, and tax policies. It also considers the potential
costs and benefits of these options and the stakeholders
who are impacted by them. This paper recommends
investing in education and training programs for workers,
creating tax incentives for affected communities,
promoting research and development of AI technologies
that complement human workers, and implementing
policies to promote the responsible use of AI. The paper
also discusses bureaucratic barriers to participation that
may hinder effective implementation of these
recommendations. Finally, it recommends a combination
of retraining and education programs and tax policies to
promote investment in new technologies and job creation.
References :
- Acemoglu, Daron, and Pascual Restrepo. “Automation and New Tasks: How Technology Displaces and Reinstates Labor.” Journal of Economic Perspectives, vol. 33, no. 2, 2019, pp. 3– 30.
- Autor, David. “Why Are There Still So Many Jobs? The History and Future of Workplace Automation.” Journal of Economic Perspectives, vol. 29, no. 3, 2015, pp. 3-30.
- Bessen, James. “AI and Jobs: The Role of Demand.” The Journal of Portfolio Management, vol. 46, no. 1, 2019, pp. 97–105.
- Brynjolfsson, Erik, and Andrew McAfee. The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies. W.W. Norton & Company, 2014.
- Cascio, Wayne F., and Monte J. Ransome. “The Future of Employment: How Susceptible Are Jobs to Computerisation?” Technological Forecasting and Social Change, vol. 114, 2016, pp. 254- 280.
- Chui, Michael, James Manyika, and Mehdi Miremadi. “What Jobs Will AI Destroy and Which Ones Will Survive?.” Harvard Business Review, vol. 95, no. 5, 2017, pp. 47–60.
- Criswell, Emily, et al. “The Impact of Artificial Intelligence – Widespread Job Losses.” 2017, https://www.iotforall.com/impact-of-artificial-intelligence-job-losses
- Executive Office of the President. “Executive Order on Maintaining American Leadership in Artificial Intelligence.” The White House, 11 Feb. 2019, https://trumpwhitehouse.archives.gov/ presidential-actions/executive-order-maintaining-american-leadership-artificial-intelligence/
- Henderson, Rebecca, et al. “The Impact of Artificial Intelligence – Widespread Job Losses.” 2018, https://www.forbes.com/sites/modeledbehavior/2018/12/10/the-impact-of-artificial-intelligence-widespread-job -losses/?sh=1b6b97e72ce7.
- Katz, Lawrence F. “The Race Between Education and Technology: The Evolution of U.S. Educational Wage Differentials, 1890 to 2005.” Handbook of the Economics of Education, edited by Eric A. Hanushek and Finis Welch, Elsevier, 2006, pp. 307–343.
- National Artificial Intelligence Initiative Office. “National Artificial Intelligence Initiative Office - About.” 2021, https://www.americanprogress.org/ article/the-needed-executive-actions-to-address-the-challenges-of-artificial-intelligence/.
- https://www.nitrd.gov/national_ai_initiative.aspx.
- National Artificial Intelligence Initiative Office. “About the NAII.” Retrieved from https://www.nitrd.gov/naiio/,2021.https://www.ai.gov/
- Office of Science and Technology Policy. “Executive Order on Maintaining American Leadership in Artificial Intelligence.” The White House, 2019, https://www.nitrd.gov/pubs/National-AI-RD-Strategy -2019.pdf
- Preparing for the Future of Artificial Intelligence. Executive Office of the President, National Science and Technology Council, Committee on Technology, 2016, https://obamawhitehouse.archives.gov/sites/ default/files/whitehouse_files/microsites/ostp/NSTC/preparing_for_the_future_of_ai.pdf.
- Sachs, Jeffrey D., and Andrew M. Warner. “Economic Reform and the Process of Global Integration.” Brookings Papers on Economic Activity, vol. 1995, no. 1, 1995, pp. 1–95.
- Varian, Hal R. “Artificial Intelligence: A Tool or a Threat to Employment?.” Journal of Economic Perspectives, vol. 33, no. 2, 2019, pp. 31–50.
This paper examines the Influence of Artificial
Intelligence on Employment Trends in the United States
(US). The rapid development of AI technology is creating
significant disruptions in traditional labor markets,
leading to concerns about unemployment and inequality.
The paper highlights the importance of understanding the
effects of AI on the labor market and the need for
proactive steps to address any negative impact as well as
the policy options available to address these challenges,
including retraining and education programs, regulation
of AI use, and tax policies. It also considers the potential
costs and benefits of these options and the stakeholders
who are impacted by them. This paper recommends
investing in education and training programs for workers,
creating tax incentives for affected communities,
promoting research and development of AI technologies
that complement human workers, and implementing
policies to promote the responsible use of AI. The paper
also discusses bureaucratic barriers to participation that
may hinder effective implementation of these
recommendations. Finally, it recommends a combination
of retraining and education programs and tax policies to
promote investment in new technologies and job creation.