Automation, COVID-19, and labor markets


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Author: Petropoulos, Georgios


Rapid technological progress poses challenges for labor markets. Automation can both displace and create jobs. Currently, an unprecedented digitalization of our economy is underway. Artificial intelligence [AI] has become a reality and machines are able to learn how to outperform humans in some cognitive tasks. This ongoing technological transformation of work can interact with the [Coronavirus Disease 2019] COVID-19 pandemic shock resulting in fewer jobs for the less educated and low-skilled workers as well as further decline in the labor share of national income. This paper reviews the...  [+] Show more

Subjects: Technology; Labour market; Employment; Economics

Keywords: Trend; Technological change; Automation; Workplace change; Skill needs; Labour demand; Future; Displaced worker; Employment creation; Economic conditions

Geographic subjects: Europe

Published: Tokyo, Japan: Asian Development Bank Institute, 2021

Physical description: 22 p.

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Also called: Automation, Coronavirus Disease 2019, and labor markets

Series: ADBI working paper series; no. 1229, March 2021

Resource type: Report, paper or authored book

Document number: TD/TNC 143.480

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