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From the Perspective of the Labor Market, the Opportunities and Challenges Brought by the New Generation of Artificial Intelligence Technologies Such as ChatGPT are Analyzed

In: Proceedings of the 2024 2nd International Conference on Digital Economy and Management Science (CDEMS 2024)

Author

Listed:
  • Mei Yang

    (Xinjiang University of Finance and Economics, School of Public Administration)

  • Jun Liu

    (Xinjiang University of Finance and Economics, School of Public Administration)

Abstract

The development of the new generation of artificial intelligence is sweeping across the world, and its impact on the labor market is becoming increasingly significant. The impact of the development of artificial intelligence on the labor market is different from other technological shocks, and its substitution effect and creative benefits are unprecedented. On the one hand, the widespread application of artificial intelligence has led to the risk of many traditional labor positions being eliminated. Automation technology and machine learning algorithms enable certain repetitive, low skilled jobs to be replaced by intelligent robots or software, which may result in some workers losing employment opportunities. On the other hand, the new generation of artificial intelligence technology has also created new employment opportunities, requiring more workers with innovative, data analysis, and collaborative abilities to cope with new challenges. Although some people face difficulties in career transformation due to skill mismatches, the rapid development of artificial intelligence technology also brings more possibilities to the labor market. Therefore, this article takes the development of new generation artificial intelligence such as ChatGPT as the starting point to analyze the changes in the labor market and future opportunities.

Suggested Citation

  • Mei Yang & Jun Liu, 2024. "From the Perspective of the Labor Market, the Opportunities and Challenges Brought by the New Generation of Artificial Intelligence Technologies Such as ChatGPT are Analyzed," Advances in Economics, Business and Management Research, in: Junfeng Liao & Hongbo Li & Edward H. K. Ng (ed.), Proceedings of the 2024 2nd International Conference on Digital Economy and Management Science (CDEMS 2024), pages 93-101, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-488-4_10
    DOI: 10.2991/978-94-6463-488-4_10
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