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The New Luddite Scare: The Impact of Artificial Intelligence on Labor, Capital and Business Competition between US and China

Author

Listed:
  • Wolnicki Miron

    (Villanova University, Pennsylvania, USA)

  • Piasecki Ryszard

    (University of Lodz, Lodz, Poland)

Abstract

Objective: The main aim of the article is to send a message to the general public that Artificial Intelligence (AI) is no different than any inventions disruptive for the mode of production discovered before. In the past, Luddites looked with fear at steam-powered industry and mechanized looms; today we look at Artificial Intelligence (AI) with equal anxiety and fear of the unknown.

Suggested Citation

  • Wolnicki Miron & Piasecki Ryszard, 2019. "The New Luddite Scare: The Impact of Artificial Intelligence on Labor, Capital and Business Competition between US and China," Journal of Intercultural Management, Sciendo, vol. 11(2), pages 5-20, June.
    • Handle: RePEc:vrs:joinma:v:11:y:2019:i:2:p:5-20:n:1
    DOI: 10.2478/joim-2019-0007
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    More about this item

    Keywords

    Artificial; intelligence; industrial revolution; free trade; labor; employment;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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