Economics: Principles & Policy
14th Edition
ISBN: 9781337696326
Author: William J. Baumol; Alan S. Blinder; John L. Solow
Publisher: Cengage Learning
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Question
Chapter 37, Problem 1DQ
To determine
The jobs destroyed and created by online banking and the effect of artificial intelligent in banking system.
Expert Solution & Answer
Explanation of Solution
The increase in technology will some time destroy or create jobs. However, many clerical workers lost their jobs as they were replaced by machines, like ATM machines. Artificial intelligence will likely replace ever more sophisticated jobs.
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Chapter 37 Solutions
Economics: Principles & Policy
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