Download or read book Can Robot Influences Labor and Consumer Both Market Changes written by Johnny Ch LOK and published by . This book was released on 2020-11-22 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: IT technology brings this question: Are robots killing human's jobs or benefiting human's jobs? I suppose that there is a limited amount of labor to be done. The implication is that technology can create unemployment by displacing workers, such as (AI) invention, because the more efficiently worker work ( using machines or (AI) robots), the loss work there is for workers to do. Even, any new jobs will be better done by machines or (AI) robots, and unemployment will still skyrocket. How do we know that humans will always be better at some work, or more importantly, enough work, than machines or (AI) robots, e.g. human drivers drive more safe or careful to compare (AI) robot drivers. But, the challenge is that it is not ensure that (AI) robots drivers must not drive careless to cause the chance of accident occurrences more than human drivers. However, technological change can be beneficial to innovation, automation and increasing productivity for businesses.Consequently , it may seem machines can hurt wages and job for low skillful, less educated workers. Also, high educated workers are likely as less educated workers to find themselves displaced and devalued, and more education may create as many problems as it solves. Thus, in negative influence, automation effects on particular jobs shift workers to other jobs that are equally or more desirable. Workers may be highly compensated for possessing human capital that is specialized to a labor market. If technological advance is very rapid, such as (AI) invention, causing a large and very rapid drop in demand in a large labor market, the economy may not be able to absorb the sudden surplus of labor in a short period of timer when (AI) robots are popular to replace some workers to do some occupations in global societies.For example, self-driving vehicles threaten to send truck drivers to the unemployment office. Computer programs can now write journalistic accounts of sporting events and stock price movement. There are even computers that can grade essay revolutionize some part of teaching jobs. Hence, (AI) robots will have possible to replace human brain to do any judgement, argument, and mind job duties. It implies some occupations which need human' mind will be threaten by (AI) robots, e.g. author, accountant, nurse, engineer. Thus, (AI) robots will have possible to replace some professional and high educated workers' jobs in the future. But, technology can create new nature of jobs in possible. For example, a 60 minutes program indicated technology is putting new categories of jobs in the sites ( sic) of automation, the 60% of the workforce that makes its living gathering and analyzing information. Also, recession: technology kills middle -class jobs that overall technology is eliminating for more jobs than it is creating by (AI) technology. Hence, human's brain work may be assisted by 60% of (AI) gathering and analyzing information for some occupation , e.g. space scientists, ocean scientists, earth scientists etc.However, I believe the (AI) invention and human job competition may influence global productivity change. Productivity is economic output per unit of input, the unit of on input can be labor hours( labor productivity), but if (AI) robots replace human job, then the unit of input may be (AI) machine hours ( AI) robot productivity or all production factors including labors, machines and energy ( total factor of productivity). Producing more output with less input can take several forms.