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Archive » November 2024 » Digitalization, Gen Ai and the labour market: opportunities and risks

Digitalization, Gen Ai and the labour market: opportunities and risks

Paolo Angelini
November 2024 - n. 11
Keywords: Nuove tecnologie, mercato del lavoro, divari di genere
Jel codes: O15, O33

Digitalization and generative Ai can create new job opportunities and improve the productivity and quality of work, but they also risk displacing certain forms of employment. Remote working, facilitated by new technologies, allows workers to benefit from reduced commuting time and costs, and generally achieve a better work-life balance. Firms too can reap cost savings from reduced need for office space, as physical proximity is no longer indispensable. However, in the medium to long term, the changes in interaction patterns brought about by remote working may also have unwanted effects on productivity, innovation, incentivizing employees and mental well-being which need to be closely monitored. Looking forward, instead, population ageing will come to affect employment and Gdp growth. These latter issues can be countered both by increasing the labour participation rate, especially for women (which in Italy is much lower than the European average) and by a proper management of migration flows.

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