Positive or negative impact(s) of Artificial Intelligence (AI) on the labor market in an industry

Discussion Forum #10

For this assignment, you must use statistical data or factual information, research and financial or economic concepts to support the arguments that you will present in your text.

In 500 words, describe the positive or negative impact(s) of Artificial Intelligence (AI) on the labor market in an industry of your choice. (You must use detailed statistical data, researched information and economic/ finance concepts to support the arguments that you will present in your discussion forum post.)

You should include all of the following in your text, but can choose to incorporate additional information so as to provide a more complete response:

Briefly describe the AI technology being implemented in the industry of your choice by focusing on:

·       The tasks that the AI is supposed to accomplish.

·       The estimated impact of the implementation of AI on the labor force.

·       You must use statistical data and factual information to address this question.

Describe the positive or negative impact(s) of the implementation of the AI by:

·       Explaining some of the positive impact(s) of the implementation of the AI.

·       Be sure to present the group that positive impact(s) from the implementation of the AI.

·       Explain some of the negative impact(s) of the implementation of the AI.

·       Be sure to present the group that suffers the negative impact(s) from the implementation of the AI.

·       You must integrate the two economic concepts of mechanization and outsourcing to address this question. 

Use the knowledge acquired in this class to make a normative assessment and propose a policy recommendation that you believe would help to mitigate the negative impact(s) or amplify the positive impact(s) of the implementation of the AI on the industry that you have chosen. (This last question will account for a significant portion of your grade)

 General Instructions:

·       You must integrate economic theories learned in class and apply them to your analysis.

·       You must state your interpretation of the information that you provided and then justify your interpretation using several arguments that you will need to explain.

·       You must appropriately reference all of your sources using MLA guidelines.

·       You should take a balanced position.