THE IMPACT OF ARTIFICIAL INTELLIGENCE ON THE LABOR MARKET AND EMPLOYMENT

Goyipnazarov Sanzhar Bakhodirovich,

Tashkent State University of Economics

Tashkent, Uzbekistan

                           Abstract. This article examines the changes in the labor market and employment today and in the near future from the perspective of the impact of artificial intelligence. It focuses on the impact of artificial intelligence on employment opportunities, wages and productivity, which are important elements of the labor market. In the article, the author considers three aspects of the impact of artificial intelligence and automation on the labor market. First, the job-replacement effect of artificial intelligence, i.e. changes in the work process that involve the use of machines replacing human labor, will be explored. It also methodologically examines how artificial intelligence and automation may affect labor productivity (productivity enhancement effect) and labor demand (replacement effect).

Keywords. artificial intelligence, labor market, labor productivity effect, job replacement effect, job creation effect.

 

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