Artificial Intelligence, And Automation Is Affecting Domestic Employment

How Globalization, Artificial Intelligence, And Automation Is Affecting Domestic Employment
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Given the current technological advancements, businesses are facing a global digital competition whereby they have to incorporate the use of technology to ensure fast and effective production processes. Therefore, for the firms to expand their operations on a global scale, they have to follow the technological trends to be competitive. This means that there will be less domestic employment as organizations seek to replace human beings with machines for effective production.
Artificial intelligence is resulting in an improvement in technologies hence increasing the efficiency of the product of goods. This impact is already being felt through the replacement of some workers by machinery (Frank, Autor, Bessen, Brynjolfsson, Cebrian, Deming & Wang, 2019). Machines will perform most of the processes in industries, and therefore, this means that there will be a reduction in domestic employment. The job positions performed by machines will no longer be available to pe...