Artificial Intelligence and the Economy - The Impact of Artificial Intelligence on the Job Market

Abstract

Because of the improvement of the performance of modern computer hardware and the continuous development of algorithms, the application of artificial intelligence is more widely used in all walks of life. In this work, the application of artificial intelligence technology in the fields of finance, medical care, industry, information, education and social life, especially in the manufacturing industry, has formed an unstoppable trend. For future careers, the arrival of artificial intelligence is also thought-provoking. In addition to bringing a lot of new jobs, but also let some low-cost, labor-intensive jobs disappear, causing great pressure on the job market, the employment threshold has significantly increased, familiar with artificial intelligence managers and experts pay much higher than manual workers, so that the income pattern of workers gradually prolonged. The arrival of AI technology has also triggered changes in the labor market, with labor market and automation technologies have largely replacing repetitive and more basic skilled workers.