Artificial Intelligence And Loss Of Jobs

Saathi Mukherjee & Kunal Sharma, O.P. Jindal Global University

INTRODUCTION

Artificial intelligence (AI) is a term that refers to the process of developing machines that are intelligent.1 Narrow AI is a term that refers to today's AI that is capable of performing a single task at or beyond human-level capabilities and has the potential to be more valuable than a human worker. At the moment, Narrow AI is growing2, leading to considerations of how much human labour will be eliminated as a result of this technology's integration into virtually every aspect of human labour. As a result of this fear about automation, numerous news organizations have published articles on the future of work.3 While technology unemployment and income destruction are legitimate issues, media coverage has a tendency to overstate them. The purpose of this study is to shed light on the entire extent to which artificial intelligence is affecting the labour market and compensation.