Published December 2, 2020 | Version v1
Journal article Open

Emerging Market Economy (EME) and Artificial Intelligence (AI): Consequences for the Future of Jobs

  • 1. UST-Global, Inc., Ohio, USA
  • 2. Jiujiang University, China
  • 3. University of Rajshahi

Description

The need to properly endorse labor market reforms in order to ensure a proper transfer to jobs that gives workers a comparative advantage, to improve assurances and guarantees of equitable rights in order to promote competition and to steer those businesses toward market domination, the use of budgetary interventions such as tax and social security to avoid the impact of the existing transformation The recent surge of equipment and technical improvements arising from the advent of AI has created widespread fears regarding work losses. Fears regarding the expected and possible differences in disparities are further amplified. This study tried, for this purpose, to explore the EME of artificial intelligence and its consequences for the future of jobs. In order to evaluate the targets, quantitative and qualitative methods were introduced. The present research shows that it cannot be inferred if the advent of AI-based applications would contribute to widespread work reductions or inequalities. AI's influence depends on its sector of application, creativity, and technology. In addition, the report confirmed a favorable association between the usage of artificial intelligence with work improvement, efficiency, sales, and job loss increases.

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