Review of Artificial Intelligence: A Driver of Unemployment or Navigation towards a Prospective Future?

Abstract

Artificial intelligence has swiftly penetrated our lives that eased our way of life. With its massive utility in healthcare, education and other commercial sectors, AI has evolved as a boon to the world. Nevertheless, atomisation has resulted in large-scale job loss, retrenchment and unemployment, substituting human labour, resulting in controversies about the significance of advanced technological progressions. This study argues about the extent to which AI has led to unemployment changing the macroeconomics versus the new job opportunities opened by AI and other technological developments, augmenting productivity level and improving quality of service delivered.