Automation, COVID-19, and labor markets

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 impac... Show more

Authors: Petropoulos, Georgios

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

Resource type: Report, paper or authored book

Physical description: 22 p.

Access item: https://www.adb.org/publications/automation-covid-19-and-labor-markets

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