Problem
Labor typically suffers from decreasing marginal returns or productivity. But now, we observe that when technology is integrated in the production process, labor productivity increases.
Explain the following to explain some of the benefits and drawbacks of AI:
What is its effect on the workers that are not directly in the industry but that can help to support its implementation (i.e:. computer programmers of the AI, others,...)? Explain.
What is its effect on the workers in the industry where it is implemented? Explain.