ABSTRACT. We inspect the relevant literature on how artificial intelligence disrupts the job market, providing both quantitative evidence on trends and numerous in-depth empirical examples. Building our argument by drawing on data collected from Accenture, The Economist, Frontier Economics, PitchBook, Tractica, we performed analyses and made estimates regarding the impact of artificial intelligence on industry output: real gross value added in 2035 (US$ trillions), number of AI use cases by industry with high job impact, global merger-and-acquisition activity related to artificial intelligence (number of deals and value, $bn), and the economic impact of AI on countries: annual growth rates by 2035 of gross value added (a close approximation of GDP).
JEL codes: E24; J21; J54; J64

Keywords: highly automated society; artificial intelligence; job market

How to cite: Vochozka, Marek, Tomas Kliestik, Jana Kliestikova, and Grațiela Sion (2018). “Participating in a Highly Automated Society: How Artificial Intelligence Disrupts the Job Market,” Economics, Management, and Financial Markets 13(4): 57–62.

Received 22 April 2018 • Received in revised form 3 August 2018
Accepted 14 August 2018 • Available online 10 December 2018

doi:10.22381/EMFM13420185