Sample Solution

The research paper will explore the potential economic implications of artificial intelligence and automation. As technology continues to advance, more tasks are being automated, replacing human labor in a variety of industries. While this can lead to greater efficiency and cost savings for businesses, it also raises concerns about job displacement and a decrease in wages (Sussan et al., 2020). It is important to examine how these changes could affect individuals at different socio-economic levels as well as society as a whole.

One potential implication of AI and automation is that skilled jobs may become obsolete due to technology taking over roles traditionally filled by humans (Sussan et al., 2020). This could have an especially detrimental effect on lower-income workers who often rely on those types of positions for their livelihoods. On the other hand ,it has been suggested that automation may create new opportunities by freeing up time allowing people engage in creative or entrepreneurial endeavors they would otherwise not consider (Kahneman & Krueger , 2019 ).

In conclusion, while advances in artificial intelligence and automation bring many benefits they also pose challenges which must be addressed if everyone is going benefit from them. Therefore further investigation into this topic is necessary so we can develop policies which reduce negative impacts while maximizing positive ones.