Abstract
By a News Reporter-Staff News Editor at Robotics & Machine Learning Daily News-Current study results on Artificial Intelligence have been published. According to news originating from Hangzhou, People's Repub lic of China, by NewsRx correspondents, research stated, "As a new engine in gui ding China's high-quality economic development, it is important to study whether the development of artificial intelligence (AI) will increase the skill premium and affect labor income inequality. Based on Acemoglu and Restrepo's (2018a) ta sk-based model, this study constructs a multi-sector dynamic general equilibrium (DGE) model to analyze the impact and mechanism of AI on the skill premium and performs a numerical simulation using China's industrial panel data from 2010 to 2019." Funders for this research include National Office of Philosophy and Social Scien ces, ZheJiang Social Science Foundation, Natural Science Foundation of Zhejiang Province, National Statistical Science Project of China, Zhejiang Provincial Sta tistical Science Project, Characteristic & Preponderant Discipline of Key Construction Universities in Zhejiang province (Zhejiang Gongshang Unive rsity -Statistics). Our news journalists obtained a quote from the research from Zhejiang Gongshang University, "The results show that AI widens the skill premium by substituting l ow-skilled labor with industrial robots and performing high-skilled labor tasks. The mechanism analysis reveals that AI also affects the skill premium by influe ncing factor flow and structural transformation."
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