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Analysis of the impact of technological progress such as artificial intelligence on employment

Kwunwang Chan

2024 · DOI: 10.56028/aehssr.12.1.463.2024
Advances in Education, Humanities and Social Science Research · 0 citaten

TLDR

This paper concludes that despite the continuous development of advanced technology, most of the labor force is unlikely to be unemployed.

Samenvatting

The principle of comparative advantage determines the optimal allocation of human resources to appropriate positions. Thus, in areas that require social, emotional, creative, or comprehensive abilities, humans can analyze tasks more comprehensively than AI, thereby establishing a comparative advantage in the job market. 2. New technology implementation costs, such as legal, political, and other technology promotion expenses, far exceed the cost of developing the technology itself. With these constraints, technological progress is unlikely to cause immediate social unrest and mass unemployment. In addition, by classifying occupations, this paper finds that new technologies can only eliminate a few completely obsolete occupations. Still, with the penetration of new technologies in the social field, new occupations in the technical field are created. Second, new technologies also raise human work by changing the nature of most occupations and reshaping how work is done. This paper concludes that despite the continuous development of advanced technology,  most of the labor force is unlikely to be unemployed.