THE ECONOMIC CONSEQUENCES OF TECHNOLOGICAL ADVANCEMENTS

Аннотация:

This thesis explores the profound economic consequences of technological advancements, specifically automation and artificial intelligence, on industries and labor markets. As these innovations reshape the industrial landscape, industries experience increased efficiency, productivity, and potential for growth. However, traditional sectors face significant challenges, potentially leading to upheaval and job displacement. The study investigates the evolving labor markets, highlighting job creation and losses. Additionally, it examines the implications for income inequality and discusses policy responses to ensure a fair transition. This research emphasizes the transformative power of technology, the importance of reskilling, and the need for comprehensive policies to harness the benefits while mitigating the adverse effects in our dynamic economic environment.