Digitalization and the future of work: macroeconomic consequences

Computing power continues to grow at an enormous rate. Simultaneously, more and better data is increasingly available and Machine Learning methods have seen significant breakthroughs in the recent past. All this pushes further the boundary of what machines can do. Nowadays increasingly complex tasks are automatable at a precision which seemed infeasible only few years ago. The examples range from voice and image recognition, playing Go, to self-driving vehicles. Machines are able to perform more and more manual and also cognitive tasks that previously only humans could do. As a result of these... Show more

Authors: Arntz, Melanie; Gregory, Terry; Zierahn, Ulrich

Published: Bonn, Germany, IZA, 2019

Resource type: Report, paper or authored book

Physical description: 24 p.

Access item: https://www.iza.org/publications/dp/12428/digitalization-and-the-future-of-work-macroeconomic-consequences

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