The Future of Work and its Implications for the Economy

Abstract

Given how rapidly technology is developing and how the economic environment is changing, the question of the future of work is becoming more and more important. The economic consequences of the future of labor are examined in this article. It looks at how digitalization, artificial intelligence, and automation are changing the labor market, educational requirements, income distribution, and general level of economic production. A strategy for navigating the future of work that maximizes economic growth, encourages inclusive societies, and assures the wellbeing of individuals and communities is suggested in the abstract, together with consideration of potential difficulties and opportunities brought on by this paradigm shift. This paper offers a helpful overview of the future of work and its significant consequences for.