The Journal of Artificial Intelligence and Development
Vol. 1 No. 1 (2022): AI Development

21st Century Economic Transformation: The Impact of Artificial Intelligence on Markets and Employment

Loso Judijanto (Unknown)
Asfahani Asfahani (Unknown)
Arnes Yuli Vandika (Unknown)

Article Info

Publish Date
28 May 2022

Abstract

Artificial intelligence (AI) has transformed the 21st-century economy, shaping markets and employment. This study aims to investigate the impact of AI on the market and employment. This research uses a qualitative approach, which takes data through observation and interview techniques. In contrast, the data analysis technique uses the Miles Humbermen model through data presentation, reduction, and conclusion. This research reveals that although AI increases efficiency and productivity, it also causes job displacement and requires upskilling efforts and new skills. Additionally, AI drives the emergence of new sectors and raises ethical and regulatory challenges that must be overcome for sustainable economic development.

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Journal Info
The Journal of Artificial Intelligence and Development
Website

Abbrev

JAI

Publisher

Edujavare Publishing

Subject

Computer Science & IT Environmental Science Mathematics Social Sciences Other

Description

The Journal of Artificial Intelligence and Development (e-ISSN: 3031-7428) is dedicated to the rapid dissemination of important research results to the global artificial intelligence (AI) community. The journal’s scope encompasses all areas of AI, including agents and multi-agent systems, ...