How will Artificial Intelligence Transform the World's Economy and Society?

New technologies bring a transformation to all aspects of our lives, including works, house, family relations, education, and production.  The industrial revolution was an important step to start the fast economic development of Western countries. It became possible to make mass production in factories. The common use of computers has opened the information era, and the creation of information has been much easier for everyone. The internet and new communication technologies have enabled us to access knowledge produced anywhere in the world quickly. Thus, the developments in artificial technologies will bring a significant change to our lives.

Up to now, it has become possible to observe some depots managed by robots which have AI. Some online services using AI for checking grammar mistakes, and even creating some texts, and cameras used for security or taking high-quality pictures in cell phones. Thus, AI is already in our lives while we have not felt its strong influence on our daily activities. It is expected that AI would be more influential in the next decade. There are two main influences by the beginning of the use of AI in industries intensely: improvement of productivity and minimization of threats to human life. 

By 2030, 70% of all business is expected to adopt AI to their production process all around the world. Companies aim at minimizing their costs while they also would like to improve the quality of their production procedures. AI is an essential option for them to realize further than human workers can do. Producers are expected to have relatively higher productivity by automating efficiently and minimizing defects in production with the use of AI. AI can help companies in many ways to increase their efficiency in the use of their resources and improve their productivity.

Workers have been a valuable and indispensable part of production until today. They will still be an essential part of production in the future, while their roles would be radically changed. The use of AI in production will reshape the demand for labor. The changing production procedures with the deployment of AI using technologies. The classical labor productivity definition will be redefined. Thus, the workers who would like to stay active in labor markets need to improve their skills. Even further, they need to get new training and go back to school to change their industries. Notably, the workers using more physical capability might be replaced by some robots managed by AI technology. Good news for workers, workplace accidents would be reduced more thanks to the use of AI in production. It is quite challenging to estimate how much and fast the AI using new technologies would change at the current time.

In today's world, the conditions have reconstructed. The nation-states have lost their powers, and the multinational companies have been more influential in the states. Therefore, the capital owner class is advantageous in the working relationship with their labors. Although social media tools, the internet, and other communication tools help workers to contact others, they cannot form a power against the capital owners. The use of AI might change the balance between workers and capital owners on the globe. Saying that capital owners are almost more powerful would be an assertive claim. A lot has happened in the recent years starting the global financial crisis, to the Syrian war, and the coronavirus outbreak, the globe might experience a revolutionary shock with the rise of the technologies using AI. 

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