The Effect of Artificial Intelligence on the Labor Market

Abstract

The most important issue of mankind through history is to ensure proper living through work. The labor market is constantly under transformation and is now facing the biggest change ever : the rise of Artificial Intelligence. As this is a future technology approaching we have very few empirical data available but it sparkles lively discussion in the literature. The aim is to organize and show the results of these scientific works in a new way. As a result I discuss wheather technological unemployment is coming or not. If yes, can it be delayed what is more treated completely and if so in this process what will be the role of education or universal basic income. Using the works of Frey and Osborne, David Autor and Erik Brynjolfsson this paper sends one final message: the future of the labor market and maybe the whole humanity depends only on us.