profound impact on labour markets. It will likely lead to enormous gains in productivity (analogous to or even greater than the ones experienced by industrialised countries during the golden era) but it is also likely to substitute human labour in several occupations and tasks, simultaneously leading to the creation of new tasks and occupations which are complementary to AI. Drawing from your knowledge on the experiences of industrialised countries during the golden era: Outline the elements that you think may be crucial for the long term effects of AI, on employment and wages Discuss your view on whether institutions such as labour unions are important Analyse the possible effects of AI on Beveridge curves

profound impact on labour markets. It will likely lead to enormous gains in productivity (analogous to or even greater than the ones experienced by industrialised countries during the golden era) but it is also likely to substitute human labour in several occupations and tasks, simultaneously leading to the creation of new tasks and occupations which are complementary to AI. Drawing from your knowledge on the experiences of industrialised countries during the golden era: Outline the elements that you think may be crucial for the long term effects of AI, on employment and wages Discuss your view on whether institutions such as labour unions are important Analyse the possible effects of AI on Beveridge curves

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter19: Labor And Entrepreneurship: The Human Inputs

Section: Chapter Questions

Problem 12DQ

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