 Intensification of labour value extraction under artificial intelligenceBaruch Gottlieb Chapter 27 in Handbook of Research on the Global Political Economy of Work, 2023, pp 340-350 from Edward Elgar Publishing Abstract: Artificial Intelligence is expected to augment automation and provide unprecedented levels of productivity. This development is predicted to be accompanied by mass-unemployment, and the automated world of leisure foreseen by Adam Smith and J.M. Keynes. However, productivity rates are down or stagnant in all G7 countries (Roberts, 2018) and unemployment is largely unaffected (Autor, 2015). What has happened instead is progressive deskilling and precarization (Moore, 2019) of the workforce. Rather than invest in the latest information technologies to improve quality and increase productivity, capitalists invest mainly in the kind of Taylorist profit maximization AI which drives down wages and intensifies labour. Rather than unemployment we see augmemployment (augmented employment), work increasingly entangled with and inextricable from networked computational infrastructure, leading to increased dependencies from small business toward big tech companies, in effect creating vertically integrated monopolies, who determine the parameters of automation and labour relations enclosed thereby. Keywords: Business and Management; Development Studies; Economics and Finance; Politics and Public Policy Sociology and Social Policy (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:19739_27 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Chapters from Edward Elgar Publishing |
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