Abstract

The emergence of artificial intelligence technologies presents itself as one of the most fundamental technological-economic revolutions in recent history. The implications of their emergence bear the utmost significance for the labor market where ‘smart’ machines have the potential to rapidly displace a material share of work tasks currently performed by humans. Such a situation will require a prudent short-term and long-term governmental response. Moreover, a new type of cooperation between the state and the private enterprises will be needed to successfully overcome the societal and economic challenges posed by work task automation by artificial intelligence technologies.