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Artificial Intelligence is set to influence every aspect of our lives, not least the way production is organized. AI, as a technology platform, can automate tasks previously performed by labor or create new tasks and activities in which humans can be productively employed. Recent technological...
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We present a framework for understanding the effects of automation and other types of technological changes on labor demand, and use it to interpret changes in US employment over the recent past. At the center of our framework is the allocation of tasks to capital and labor - the task content of...
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We summarize a framework for the study of the implications of automation and AI on the demand for labor, wages, and … in tasks that it used to perform. This displacement effect tends to reduce the demand for labor and wages. But it is … effects are incomplete. Even when they are strong, automation in-creases output per worker more than wages and reduce the …
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