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Robots How Improve Economy Growth

Author Name: John Lok | Format: Paperback | Genre : Business, Investing & Management | Other Details

While there may be a negative effect on some labor segments, robots and automation increase productivity, lower production costs, and can create new jobs in the tech sector. Increasing use of robots leads to increased productivity, which can lead to an increase in gross domestic product. However, roughly half the exposed jobs may benefit from AI integration, enhancing productivity. For the other half, AI applications may execute key tasks currently performed by humans, which could lower labor demand, leading to lower wages and reduced hiring. In the most extreme cases, some of these jobs may disappear. There are many potential benefits of automation for the economy. It can lead to increased productivity, lower costs, and improved quality. It can also create new jobs in the development, manufacturing, and maintenance of automation technologies.
This book is suitable to any students who expect to make personal judgement and analysis to concern whether how (AI) technology will impact our life and it can influence global economic and job market change in our future.

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John Lok

    I had graduated business Administration Science Degree Common Wealth Open University. Then, I concentrate on researching whether how economic changing environment can influence our behaviors, e.g. consumer behavior in behavioral economic view.    I had researched different behavioral economic topics included how artificial intelligence influences economic environment changes, how artificial intelligence influences consumer behaviors, how disease influences traveler leisure psychology, how economic changing environment influences public transport passenger choice, how e-commerce market influences consumer behavior etc. different books are published. I hoped my readers can make accurate analysis concern show the economic changing environment influences consumer behavior in behavioral economic view.

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