Will technological development, self-malting and robotization, IT, artificial intelligence, machine learning increase unemployment in the future?
At present, the economies of developed countries are entering the period of the fourth technological revolution known as Industry 4.0.
The previous three technological revolutions:
1. The industrial revolution of the eighteenth and nineteenth centuries, determined mainly by the industrial application of the invention of a steam engine.
2. Electricity era of the late nineteenth century and early twentieth century.
3. The IT revolution of the second half of the twentieth century determined by computerization, computerization, the widespread use of the Internet and the beginning of the development of robotization.
The current fourth technological revolution, known as Industry 4.0, is motivated by the development of the following factors:
- artificial intelligence,
- cloud computing,
- machine learning,
- Big Data database technologies,
- Internet of Things.
In every previous technological revolution, the same question was repeated many times. However, economies developed and changed structurally and labor markets returned to balance. Periodically, short-term economic crises appeared, but their negative economic effects, such as falling income and rising unemployment, were quickly reduced by active state intervention.
It seems to me that self-malting and robotization, IT, artificial intelligence, learning machines will change the labor markets, but this does not necessarily mean a large increase in unemployment. New professions, occupations, specialties in these areas of knowledge and technology will be created. Someone, after all, these machines, robots, etc. must design, create, test, control, and implement into production processes.
Therefore, I am asking you:
Will the technological development based on self-mulization, robotization, IT development, artificial intelligence, machine learning increase unemployment in the future?
Thanks for your reply. Yes, other problems and crises are more likely to cause economic downturns, economic recessions and increased unemployment in the relatively short term than technological progress. In the longer, multi-year period, economies, through adjustments to their sectoral and industry structure, adapt to certain processes in operation, including the effects of technological progress, including the current fourth technological revolution based, inter alia, on the development of Industry 4.0 technology, including, inter alia, the development of technologies such as artificial intelligence, learning machines, the Internet of things, the development of robotisation, etc., and the development of the Internet of Things. On the other hand, the increasingly negative effects of climate change, including the progressive process of global warming, will be the source of a growing scale of various crises in the future, including food, economic, social, migration, natural, political, etc. crises. There may also be an increasing scale of economic downturns and recessions, which may result in periodic increases in unemployment. On the other hand, technological progress, in which new technologies and innovations are created, is also a source of increased efficiency in production processes, increased labour productivity, the creation of new professions, new sectors in the economy, etc.
Yes if neither schools adjust the course and materials accordingly nor individuals seek training to upgrade skills in the short run. Labor shortage and unemployment can coexist.
But not in the long run as schools and individuals have enough time to adjust to that.
Which technologies will determine the development of civilization in the 21st century?
In my opinion, the combination of technologies typical of the technological revolution known as Industry 4.0 may turn out to be one of the key determinants of civilization progress in the 21st century.
At present, in the age of the technological revolution known as the 4.0 industry, new concepts of technological management or Internet-based companies are being created.
The technological revolution in recent years, known as Industry 4.0, is motivated by the development of the following factors:
Big Data database technologies, cloud computing, machine learning, Internet of Things, artificial intelligence.
In addition, in the knowledge-based economy, the important areas of knowledge and technologies that are developed are primarily the development of data processing analytics in Business Intelligence enterprises, the development of life science technologies, biotechnology, eco-innovation, energy, medical intelligence, etc.
On the basis of the development of the new technological solutions mentioned in recent years, the processes of innovatively organized analyzes of large information collections gathered in Big Data database systems dynamically develop.
In view of the above, I would like to ask you: Which technologies will determine the development of civilization in the 21st century?
Please, answer, comments. I invite you to the discussion.
It is not easy to forecast development trends to answer this type of question: Will technological development, self-malting and robotization, IT, artificial intelligence, machine learning increase unemployment in the future? Many determinants affect the development of data processing platforms in the cloud, in Big Data technology, artificial intelligence, sentiment analyzes, etc.At present, in the age of the technological revolution known as the 4.0 industry, new technology management or Internet-based companies are emerging.
The technological revolution in recent years, known as Industry 4.0, is motivated by the development of the following factors:
Big Data database technologies, cloud computing, machine learning, Internet of Things, artificial intelligence.
Added to this is the development of data processing analytics in Business Intelligence enterprises, the development of life science technologies, biotechnology, eco-innovation, energy, medical intelligence, etc.
On the basis of the development of the new technological solutions mentioned in recent years, the processes of innovatively organized analyzes of large information collections gathered in Big Data database systems dynamically develop.
In the context of this problem, many questions arise:
What other technological improvements, innovative organizational, technical and IT solutions will be developed in the future based on the development of the above-mentioned factors?
What kinds of innovations will be able to be created in the coming years, in the future based on the integration of the above-mentioned main determinants of the development of the current technological revolution known as Industry 4.0?
What kind of new categories of added value may be created in the future if the above-mentioned technological solutions are more involved in the creation of biotechnological, ecological, product and other innovations.
Will new technologies be created in this way, with the help of which it will be possible to generate solutions to the problems of excessive exploitation of Earth resources in the process of civilization development?
Do business management processes play a particularly important role in the context of the effective functioning of business entities in currently developing economies based on knowledge, information and technology?
Is e-management a new concept of managing virtual enterprises or rather managing online technology companies?
Are new management concepts of innovative enterprises and start-ups based mainly on knowledge, information, entrepreneurship and creation of innovations?
Does the development of data processing technology in Big Data database systems and other technologies developed in the field of technological revolution Industry 4.0 generates the emergence of new business management concepts?
Perhaps the current technological revolution 4.0 will cause different effects on the labor market?
The above question inspired me to the following considerations:
What new professions will be created on the labor market in the future due to the development of the Industry 4.0 technological revolution?
The technological revolution Industry 4.0 is currently one of the major determinants of the economic development of highly developed and developing countries.Therefore, the issue of Industry 4.0 should be introduced as an additional subject in studies in the fields of management, administration, economics, IT, master of business administration, etc.In view of the above, I am asking you: What new professions will be created on the labor market in the future due to the development of the Industry 4.0 technological revolution?Please reply. I invite you to the discussion
In every previous technological revolution, the same question was repeated many times. However, economies developed and changed structurally and labor markets returned to balance. Periodically, short-term economic crises appeared, but their negative economic effects, such as falling income and rising unemployment, were quickly reduced by active state intervention.
It seems to me that self-malting and robotization, IT, artificial intelligence, learning machines will change the labor markets, but this does not necessarily mean a large increase in unemployment. New professions, occupations, specialties in these areas of knowledge and technology will be created. Someone, after all, these machines, robots, etc. must design, create, test, control, and implement into production processes.
Dear Dariusz, dear friends and colleagues, I attach a paper in which formal conditions for the emergence of either some of the possibilities you pose, or even alternative paths, can occur. The path may depend on very specific conditions shown in the paper.
In the context of the above considerations, I also propose the following research problem:
Will as part of the progress in robotization create autonomous intelligent robots replacing people in many activities and functions?
In some activities it is possible and robots are already produced, which replace people in specific repetitive activities.
However, will robots replace people in future in all activities and functions?
In my opinion, it is not possible for this type of futurological vision to be realized.
People are afraid of such a scenario of the future development of civilization.
The expression of these fears is the predominance of negative futurological visions known from fictional literature and films that such a development of civilization in which autonomous robots replace people in almost all activities, difficult work, production processes and achieve a high level of artificial intelligence generates serious threats to humanity.
That's right. Development of new information technologies ICT and Industry 4.0, including the development of machine-learning technologies, artificial intelligence, Internet of Things, cloud computing, Big Data, robotization, horizontal and vertical data system integration, multi-criteria simulation models, additive manufacturing, smart technologies, Virtual and Augmented Reality etc. and the increase in the scale of application of these technologies in business entities and institutions operating in various branches and sectors of the economy may significantly affect the labor markets in the future. However, it will also depend on many economic, social, demographic, etc. factors. As a result, the current long-term forecasts of future changes in the labor markets vary considerably. This differentiation concerns, for example, the issue of the potential loss of jobs by people employed in positions, which, according to certain forecasts, will change in the future as part of a greater use of technology and an increase in the scale of objectification of work in manufacturing processes, including production processes, and offering services provided in companies and enterprises.
Dariusz Prokopowicz What you stated is true; everytime there is technology revolution; there is hugh fear of unemployment. What I believe it that all above technologies would great new employment opportunities; however challenge this time would be for human workforce to come upto speed with transition. Since with the combination of AI, Robotics, IOT and so forth; solution development life cycle would be shortened; and new solutions would come up in much shorter timeframe; makes sure that existing once soon become legacy. So we as humans will have to buckle up and also prepare our future generations!
Yes. I fully agree with what you wrote in this topic. The dynamic development of ICT and Industry 4.0 information technologies, including artificial intelligence, robotics, learning machines, the Internet of Things, smart technologies, Big Data, etc. causes and will cause changes in the labor markets in the coming years. On the one hand, some human occupations will be taken over by artificial intelligence and other Industry 4.0 technologies. On the other hand, new professions performed by people will be created, which will be a derivative of the integration of various Industry 4.0 technologies in their various new industrial and service applications.
The use of technology means less people required to do more work with consistency , accuracy in less time and less cost But human endeavour makes its own way.There is need of balance between technology and human effectiveness with creation.But there is need of knowledge coupling of various attributes affecting technology and human
We do care AI and other Technological approaches and apply them for better environment and humanity ,love and affection but still human is at the center as human intelligence is sentiment oriented and this will be lost or decay .Thus hybrid approach paradigms should be adopted .
That's right. As part of the rapid advances in technology, new Industry 4.0 technologies are being developed, including artificial intelligence, machine learning, robotization, the Internet of Things, cloud computing, Big Data Analytics, etc. These new technologies are used in various industries and branches of the economy. On a multi-annual scale, economies are undergoing structural sectoral and branch changes. Despite the fact that these technologies will cause changes in the labor markets also in the coming years, technological unemployment should not arise, because technological progress is also a source of new types of products, services, new professions, professions, professional specialties, etc.
I think technological development, self-malting, and robotization, IT, artificial intelligence, machine learning will not affect unemployment in the future. It will give efficient and accurate solutions to real-world problems.
Thanks for your reply. Yes, other problems and crises are more likely to cause economic downturns, economic recessions and increased unemployment in the relatively short term than technological progress. In the longer, multi-year period, economies, through adjustments to their sectoral and industry structure, adapt to certain processes in operation, including the effects of technological progress, including the current fourth technological revolution based, inter alia, on the development of Industry 4.0 technology, including, inter alia, the development of technologies such as artificial intelligence, learning machines, the Internet of things, the development of robotisation, etc., and the development of the Internet of Things. On the other hand, the increasingly negative effects of climate change, including the progressive process of global warming, will be the source of a growing scale of various crises in the future, including food, economic, social, migration, natural, political, etc. crises. There may also be an increasing scale of economic downturns and recessions, which may result in periodic increases in unemployment. On the other hand, technological progress, in which new technologies and innovations are created, is also a source of increased efficiency in production processes, increased labour productivity, the creation of new professions, new sectors in the economy, etc.
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An attempt was made in this study to clarify the concept of structural unemployment, defined as the amount of unemployment (less minimum frictional and seasonal unemployment) that remains at the level of demand which is consistent with general price stability. A principle objective of the study was to examine in some detail the changes in the chara...