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May 5, 2024

ECON 2105 Principles of Macroeconomics

Assignment 3 ECON 2105 Principles of Macroeconomics Name: Do you think your future job will be replaced or complemented by new technology such AI, robot, automation, etc.? To answer the question, use the framework of labor market. In other words, explain what will happen to labor supply and demand curve in your future job and, as a consequence, the average (equilibrium) wage and the number (quantity) of jobs. If you have not decided your job, pick one that interests you. The word limit is 300-400. Please watch the videos below for references: https://www.youtube.com/watch?v=8VUzuZqWUwg https://www.youtube.com/watch?v=DVpTpx9Avf0 https://www.brookings.edu/articles/understanding-the-impact-of-automation-on-workers-jobsand-wages/ https://www.infoexchangeja.com/blog/business-continuity-blog/automation-doesnt-just-createor-destroy-jobs-it-transforms-them/

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