Impacts of Artificial Intelligence on the Global Workforce: Social and Economic Challenges

Authors

  • Victoria Torino

Keywords:

Evaluation and Impact of AI, Workforce Transformation, Robot Tax

Abstract

 

This article examines the impacts of artificial intelligence (AI) on the global workforce, highlighting the dual nature of AI as both a catalyst for innovation and a source of disruption. By automating routine tasks, AI technologies foster the creation of new job categories and alter existing wage structures, thereby reshaping the employment landscape. Through an exploration of AI's role in various sectors, including a detailed case study on its application in educational assessment within the Hawaii State Department of Education, the paper investigates the broader implications of AI integration across industries. It addresses the resulting legal and regulatory challenges, particularly in terms of labor protection, and taxation. Furthermore, the discussion extends to the societal responses to automation-induced job displacement, such as the proposals for Universal Basic Income (UBI) and robot taxes, offering insights into their potential effectiveness and limitations. The article concludes by emphasizing the necessity of a balanced approach to AI integration, advocating for continuous dialogue, research, and policy development to leverage AI’s benefits while ensuring equitable opportunities and protections for workers in an increasingly automated future.

References

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Published

2024-03-27

How to Cite

Torino, V. (2024). Impacts of Artificial Intelligence on the Global Workforce: Social and Economic Challenges . Review of International and European Economic Law, 3(5). Retrieved from https://rieel.com/index.php/rieel/article/view/88