![]() ![]() Plenty of follow-up research applied the estimated probability of computerization to explore the relationship with labor demands in other sectors. Frey and Osborne used a Gaussian process classifier to predict the probability of computerization of 702 occupations and outlined the expected impacts on the labor force. non-routine, to estimate displacement risk. investigated routine-biased technological changes (RBTC) and classified the tasks into two dimensions: cognitive vs. Many approaches, such as task-based, skill-based, and occupation-based methods, help measure the effects of AI displacement. Therefore, this study aims to examine the impacts of AI on the labor market to demonstrate the relationships among displacement risk, emerging skills and labor market outcomes to provide empirical evidence for implementing technical and vocational education. Katz and Murphy discuss skill-biased technological change (SBTC), revealing that while labor supply continues to grow, technological progress has significantly affected laborers’ employment and wage premiums. However, one thing is for sure, the impact of technological advances on labor markets is often inseparable from skill changes in the labor force. Hence, the impact of AI on the labor market is complex and multi-layered. Furthermore, more job opportunities will be produced because employment opportunities are continually created in new occupations, such as repairers, conductors, managers, financiers, and new industries. On the other hand, the optimists state that AI guarantees the quality of economic growth and productivity improvement. labor market and estimated the average reduction of about 0.18% to 0.34% in employments and 0.25% to 0.5% in wages. For instance, Acemoglu and Restrepo examined the effects of automation driven by AI on the U.S. On the one hand, the pessimistic voice claims that automation or computerization in the workplace turns into job loss, and many employments face displacement risk. While various occupations have recognized the potential risks of AI, the relevant debates consider whether the impact of AI on the labor market will be good or bad. The relevant debates spell out an increasing concern over human right to work and engage in productive employment and whether AI can displace the roles of the workforce on a larger scale. Although the potential risks of AI on society include ethics, security, law and education, AI’s impacts on the labor market have been heatedly debated. However, anxiety about technological unemployment, namely being displaced by AI, has spread globally as technological breakthroughs and revolutions occur. OECD iLibrary presents all content so users can find - and cite - tables and databases as easily as articles or chapters in any available format: PDF, WEB, XLS, DATA, ePUB, READ.The rapid development of artificial intelligence (AI) has made enormous contributions to industrial and economic growth over the past decade. OECD iLibrary also contains content published by the International Energy Agency (IEA), the Nuclear Energy Agency (NEA), the OECD Development Centre, PISA (Programme for International Student Assessment), and the International Transport Forum (ITF). OECD iLibrary is the online library of the Organisation for Economic Cooperation and Development (OECD) featuring its books, papers and statistics and is the gateway to OECD's analysis and data. Access OECD iLibrary What is OECD iLibrary? ![]()
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