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Artificial intelligence has usually been defined as the ability of a machine to imitate intelligent human behavior, and although global economies have witnessed many technological revolutions that have led to the completion of tasks previously performed by workers, experts expect that the artificial intelligence revolution will hit us differently, because it has become A major contributor to what was previously thought of as only human empowerment AI is expected to stimulate growth by replacing labor with capital, whether in the production of goods and services or in the production of ideas. However, artificial intelligence is also expected to hinder economic growth if combined with inappropriate competition policy. That is why scientists will certainly say that any progress in any field is an achievement in itself, but what are the effects of the development of artificial intelligence on the economy? Artificial intelligence can spur growth by providing an endless supply of idea production. AI is good for growth because it boosts productivity, but some argue that it is bad for employment because it replaces labor with machines, in which case it is necessary to think of the labor market as flexible. Contribution to the global overall economy is expected to keep pace with previous industrial revolutions, by boosting labor productivity, and we may need to adapt to work alongside machines in new ways. Indeed, contrary to popular belief that robots may replace workers, they anticipate that there will likely be a shortage of workers whose value is greatly inflated by working together in unison with machines. The AI revolution will not necessarily have a negative impact on employment, as from the data collected globally so far, the overall effect of completion on employment appears to be positive. Overall, researchers have found that places that are successfully automated lead to increased job opportunities, which in turn points to the importance of education and labor market policies in determining the impact of completion on total employment. Thus, it is important for policymakers to consider proactive approaches when complications of the AI reality are unfolding. In fact, some countries are currently examining labor laws for robots and AI workers, and even considering their rights. As the late famous scientist Stephen Hawkings suggests, true intelligence lies in the ability to adapt to change.
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