The evaluation of developments in Artificial Intelligence technology in the context of employment and economic growth

The development process of the economy with technology started with the invention of machines used in production and has continued with the development of systems with human-like characteristics that could replace labor. In recent years, machines equipped with Artificial Intelligence technologies have come to the fore in many jobs performed by humans, which has drawn attention to the effects of this technology. Current developments in Artificial Intelligence are likely to have profound economic impacts. What could be the socio-economic effects of these new technologies, whose change is inevitable? How will companies and markets that produce artificial intelligence support be affected by this development? What benefit or harm will consumers have from these developments? In this study, a comprehensive research was conducted on the economic effects of Artificial Intelligence technology on markets and society. Studies on Artificial Intelligence technology from the time it entered the academic literature to the current period have been examined. The contributions and results of the articles and reports published on the economic and social effects of Artificial Intelligence technology are interpreted, and qualitative observations on the possible effects on future growth, employment and income distribution are presented. It has been concluded that economic growth can increase in all countries, but this effect will differ according to the development levels of the countries. In addition, it has been mentioned that even if employment is increased in areas such as the information and communication technologies sectors, where there is a high need for qualified workforce, it will decrease in general and unemployment will be a problem in the short term, especially in underdeveloped countries. For this purpose, it is aimed to propose economic policies in order to ensure development-based growth. It is aimed to be a study that can be a pioneer in taking the necessary precautions by compiling the positive and negative results that will be caused by Artificial Intelligence technology.