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Robotics, Artificial Intelligence, and the Evolving Nature of Work

In: Digital Transformation in Business and Society

Author

Listed:
  • Craig Webster

    (Ball State University)

  • Stanislav Ivanov

    (Varna University of Management)

Abstract

Most people in the future will not need to work, at least in the ways in which we continue to think about work/human labour. In this chapter, we discuss the role of humans in the future economy. We begin with a discussion of the evolution of the integration of robots into the economy. Then, we turn our attention to the economics of robotics and artificial intelligence, showing how these technological changes alter the economy and how markets and political responses may unfold. Then we discuss how humans can remain competitive in the new economy, developing skills that are needed, and how educational institutions will have to change to address the new economic reality. Finally, we conclude, showing that humans will have to see their relationship to the job market differently and there will have to be an appropriate political response to the new economic landscape with changes in taxation and new ways of ensuring economic and political stability.

Suggested Citation

  • Craig Webster & Stanislav Ivanov, 2020. "Robotics, Artificial Intelligence, and the Evolving Nature of Work," Springer Books, in: Babu George & Justin Paul (ed.), Digital Transformation in Business and Society, chapter 0, pages 127-143, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-08277-2_8
    DOI: 10.1007/978-3-030-08277-2_8
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    Cited by:

    1. Kang, David Yeonjun & Hur, Won-Moo & Shin, Yuhyung, 2023. "Smart technology and service employees’ job crafting: Relationship between STARA awareness, performance pressure, receiving and giving help, and job crafting," Journal of Retailing and Consumer Services, Elsevier, vol. 73(C).

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