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Abstract
This paper discusses the impact of artificial intelligence on employment because of the development of artificial intelligence and its greater usage in the everyday life. The research is based on secondary data related to artificial intelligence, human capital, and jobs that will be in demand. The paper will answer the following questions: What jobs and skills will be in demand in the future as a consequence of artificial intelligence and what will happen to human capital due to the development of artificial intelligence? The main focus of this paper is on the jobs and the human capital that will be in the demand. This paper also addresses the types of new jobs that are and will be created in the fourth industrial revolution as a consequence of artificial intelligence. This paper gives the direction to the main skills and knowledge that people should acquire for their future jobs in order to be aligned with artificial intelligence. It also discusses which workers will have the advantage of working in a new environment with artificial intelligence as well as the changes that should be done in the education system in order to provide people with a required set of skills needed to adapt to and use artificial intelligence in daily work. Moreover, this paper points out that lifelong learning, on-jobtraining, and the constant renewal of skills will be in even higher demand. The paper concludes that the impact of artificial intelligence is immense because it is reshaping the future labor structure, meaning that there is a shift in skills and knowledge that people need to acquire now. It also concludes that people will have to learn how to work as a team with artificial intelligence to boost overall performance.
Keywords: artificial intelligence, employment, new jobs, human capital, skills
JEL classification: B22, E24, J21, J24
Introduction
Artificial intelligence is quickly developing every day and becoming more and more involved in people's life. According to Kok et al. (2009), "Artificial intelligence is concerned with the development of computers able to engage in human-like thought processes such as learning, reasoning, and self-correction." It is already widely used in production, shops, schools, etc.
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