Tag : economic disruption

Job displacement and the economic impacts of AI

Job displacement and the economic impacts of AI

27.01.2025 0 Comments

AI automates routine tasks, leading to job displacement in industries such as manufacturing and retail, while creating demand for highly skilled roles in emerging sectors. It increases productivity and innovation but widens income inequality and regional disparities. Adaptation through training, education, and policy reforms is essential to balance economic growth and social equity.