Negative Impact Of Artificial Intelligence On Unemployment Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

Negative Impact Of Artificial Intelligence On Unemployment Case Solution

Legal

The implementation of the AI system is a political issue, if the unemployment ratio increase-sin the country, it builds pressure on the existing government to provide jobs for the people.

AI systems like robots would also become a concern for many lawmakers, because the use of robotics for military purposes is already being criticized by many countries, so the company, as well as the country,can both face many problems internationally.

Ethical Issues in Rising Implementation of Artificial

Unemployment leads to Lower Standard of Living

Implementation of artificial intelligence is increasing rapidly,which is why the unemployment and poverty ratiosare also increasing rapidly.Many people are losing jobs who are already living below the poverty line.The displacement of jobs leads them to lower standards of living.

Increasing Gap between Rich and Poor

Due to the implementation of the AI systems; money is circulated in the upper class and giant companies that create gaps in society and only a few privileged people would enjoy wealth.

Threat to Humanity

The implementation of Artificial intelligence is also a threat to humanity, as it is creating social, economic and environmental issues. There are many cases where the people have lost their lives due to machines’ errors, therefore people consider it to be a threat to their lives.

Recommendations

Rules and Regulations over the Extent of Use of AI Technologies

The law of any country plays an important role in the society.If the government restricts the extent of use of AI technologies, it would be able to control the displacement of jobs. These laws can help the government to keep the employment and poverty ratio-under control.

Statutory Check and Balance before Approval

The government should analyze the impact of technology on people’s lives, considering all aspects of life. Check and balance before approval would let them control the social and environmental issues, allowing them to decide which technology they should allow to be implemented keeping under consideration the benefit of the general public.

Increasing Tax Margins for Firms with AI Implemented

If the government imposes high tax on firms implementing AI systems; it will discourage them and the other firms to develop such technologies that wouldn't be able to benefit the company. The government can use this tax to upgrade the living standard of poor people and invest them in other firms, to create jobs for the unemployed people who have lost their jobs due to the AI systems’ implementation.

Conclusion

After detailed analysis, the issue of the negative impact of artificial intelligence could be categorized into the social,economic, political and environmental issue, but the implementation of Artificial intelligence cause more social and economic problems. The poverty and unemployment ratio is increasing rapidly due to the implementation of AI systems. The government should consider this issue seriously and take steps, to provide employment opportunities to the workforce by restricting AI development companies and imposing high taxes, and maintain a proper check and balance before approval, to avoid the emerging ethical and social issue due to the implementation of the technology........................

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Negative Impact Of Artificial Intelligence On Unemployment Harvard Case Solution & Analysis