ABSTRACT
Historical evidence shows that previous automation waves have been overwhelmingly positive for the economy and society. However, artificial intelligence (AI), as the latest manifestation of the digitalization transformation, is in a different league, with the potential to amplify major socio-economic changes and be much more disruptive. What do recent developments in digitalization, AI, and robotization foreshadow for the economy, businesses, and jobs? Should we be worried or excited? Where will jobs be destroyed or new ones created? How do education systems, businesses, governments, and social partners need to adapt to successfully manage the forthcoming transitions?
