ABSTRACT. This research synthesizes existing studies and investigates the relationship between cognitively enhanced products, output growth, and labor market changes. Building our argument by drawing on data collected from Adobe, BMI Research, Econsultancy, Marketing Charts, Pew Research Center, and PwC, we performed analyses and made estimates regarding the impact of artificial intelligence (AI), machine learning, and predictive analytics on business, percentage of technology and telecoms respondents who see a high impact from certain technologies on areas of their business, and percentage of U.S. adults in each group (Democrat/lean Democrat, Republican/lean Republican) who say they would favor particular policies in the event that robots and computers are capable of doing many human jobs.
JEL codes: E24; J21; J54; J64

Keywords: artificial intelligence; cognitively enhanced; output growth; labor market

How to cite: Deggans, Jerome, Tomas Krulicky, Maria Kovacova, Katarina Valaskova, Milos Poliak (2019). “Cognitively Enhanced Products, Output Growth, and Labor Market Changes: Will Artificial Intelligence Replace Workers by Automating Their Jobs?,” Economics, Management, and Financial Markets 14(1): 38–43.

Received 15 October 2018 • Received in revised form 3 January 2019
Accepted 4 January 2019 • Available online 25 January 2019

doi:10.22381/EMFM14120194