Recent Papers

The increasing adoption of Artificial Intelligence (AI) is transforming the way businesses operate, with significant implications for labor-intensive industries. This paper investigates the impact of AI on labor-intensive businesses, examining the effects on employment and productivity. Using a mixed-methods approach, we analyze both quantitative and qualitative data from a range of industries, including manufacturing, healthcare, and finance.Our findings suggest that AI is having a profound impact on labor-intensive businesses, with automation replacing routine and repetitive tasks, and augmenting human capabilities. While AI has the potential to increase productivity and efficiency, it also poses significant risks to employment levels, particularly for low-skilled and low-wage workers. Our results indicate that AI-induced job displacement is already occurring, with some industries experiencing significant job losses. However, we also find that AI can create new job opportunities, particularly in areas such as data analysis, machine learning, and programming. Furthermore, our study suggests that businesses that invest in AI are more likely to experience increased productivity and competitiveness, which can lead to increased employment opportunities.This paper provides valuable insights for policymakers, business leaders, and workers alike, highlighting the need for a proactive approach to addressing the challenges and opportunities posed by AI. Our research underscores the importance of upskilling and reskilling workers to adapt to the changing job market, and the need for policymakers to develop policies that support workers who are displaced by AI.

Copyright © 2024 Unnati Kapoor. This is an open access article distributed under the Creative Commons Attribution License.