Modelling the impact of Artificial Intelligence on the labour market in Czechia

This article describes an original model developed in the Technology Centre CAS for the estimation of the impact of Artificial Intelligence (AI) on the labour market in Czechia. On the contrary to the previous estimates, this model is based on the comparison of projected future technical capabilitie...

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Autores principales:	Fatun Martin, Pazour Michal
Formato:	article
Lenguaje:	EN
Publicado:	Sciendo 2021
Materias:	artificial intelligence labour market economic modelling economic impact Political science J
Acceso en línea:	https://doaj.org/article/e4d6e19116b74cbba843311355dcb99d
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spelling	oai:doaj.org-article:e4d6e19116b74cbba843311355dcb99d2021-12-05T14:11:06ZModelling the impact of Artificial Intelligence on the labour market in Czechia1802-486610.2478/cejpp-2021-0006https://doaj.org/article/e4d6e19116b74cbba843311355dcb99d2021-07-01T00:00:00Zhttps://doi.org/10.2478/cejpp-2021-0006https://doaj.org/toc/1802-4866This article describes an original model developed in the Technology Centre CAS for the estimation of the impact of Artificial Intelligence (AI) on the labour market in Czechia. On the contrary to the previous estimates, this model is based on the comparison of projected future technical capabilities of AI with a mix of capabilities needed in different job categories. Both the importance and the level of capabilities are taken into account in order to assess the impact of AI on jobs in three different time horizons. Based on the model calculations, it can be expected that on the five-year horizon the AI will be able to replace more than 50% of the required capabilities in 11 % of the occupations. On the thirty-year horizon, AI can replace over 50% of capabilities in the vast majority of the current professions. At the same time, new professions will continuously emerge, though they will place different demands on their performers and will require different skills and capabilities in comparison to current professions. The model and its results may be effectively used for efficient adaptation of education, lifelong learning and retraining to the changing nature of work, and related new demand for workers’ capabilities.Fatun MartinPazour MichalSciendoarticleartificial intelligencelabour marketeconomic modellingeconomic impactPolitical scienceJENCentral European Journal of Public Policy, Vol 15, Iss 2, Pp 31-42 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	artificial intelligence labour market economic modelling economic impact Political science J
spellingShingle	artificial intelligence labour market economic modelling economic impact Political science J Fatun Martin Pazour Michal Modelling the impact of Artificial Intelligence on the labour market in Czechia
description	This article describes an original model developed in the Technology Centre CAS for the estimation of the impact of Artificial Intelligence (AI) on the labour market in Czechia. On the contrary to the previous estimates, this model is based on the comparison of projected future technical capabilities of AI with a mix of capabilities needed in different job categories. Both the importance and the level of capabilities are taken into account in order to assess the impact of AI on jobs in three different time horizons. Based on the model calculations, it can be expected that on the five-year horizon the AI will be able to replace more than 50% of the required capabilities in 11 % of the occupations. On the thirty-year horizon, AI can replace over 50% of capabilities in the vast majority of the current professions. At the same time, new professions will continuously emerge, though they will place different demands on their performers and will require different skills and capabilities in comparison to current professions. The model and its results may be effectively used for efficient adaptation of education, lifelong learning and retraining to the changing nature of work, and related new demand for workers’ capabilities.
format	article
author	Fatun Martin Pazour Michal
author_facet	Fatun Martin Pazour Michal
author_sort	Fatun Martin
title	Modelling the impact of Artificial Intelligence on the labour market in Czechia
title_short	Modelling the impact of Artificial Intelligence on the labour market in Czechia
title_full	Modelling the impact of Artificial Intelligence on the labour market in Czechia
title_fullStr	Modelling the impact of Artificial Intelligence on the labour market in Czechia
title_full_unstemmed	Modelling the impact of Artificial Intelligence on the labour market in Czechia
title_sort	modelling the impact of artificial intelligence on the labour market in czechia
publisher	Sciendo
publishDate	2021
url	https://doaj.org/article/e4d6e19116b74cbba843311355dcb99d
work_keys_str_mv	AT fatunmartin modellingtheimpactofartificialintelligenceonthelabourmarketinczechia AT pazourmichal modellingtheimpactofartificialintelligenceonthelabourmarketinczechia
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Modelling the impact of Artificial Intelligence on the labour market in Czechia

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