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Economic productivity and effects of Artificial Intelligence

The economic productivity of the country should rise up if there are improvements in technology and artificial intelligence but this is not the case. When the industry employs AI then this lead to more leisure on people’s part and making them useless. According to a survey it has been found that there is a rise in inequality in wages and hence AI needs to be implemented. There should be greater productivity gains but it is dipping. The reason could be slow commercialization. Though it displaces labour but it creates jobs in other sectors. Automation does not replace jobs but it does a part of the jobs.

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