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Neolaborism: A Theory of Political Economy on the Value of Human Labor as Opposed to Artificial Labor as the Ultimate Means of the Economy in the XXI CenturyDOI: 10.4236/oalib.1103835, PP. 1-11 Subject Areas: Political Economy Keywords: Neolaborism, Economy, Workforce, Profit, Artificial Intelligence, Productivity Abstract
Neolaborism is a theory that can easily be applied
in political economy explaining the value of the economies as a function of the
salaries and profit paid and received, respectively. Neolaborism can be defined
as the idea that only through the increases in salaries and profits received
tied to increases in productivity at least as large as those increases in
salaries and profits the economy can grow. Such productivity increases may be
due to the successful application of Artificial Intelligence (AI). It is
postulated that only the workforce gives value to the economy and a practical
way to increase salaries and profit without creating inflation by the use and
application of the new technologies of AI is presented. It is also worth
mentioning that applying AI without proper care could lead to the destruction
of capitalism. Thus, it is crucial, now more than ever, to consider the
perspectives of neolaborism when elaborating constructive economic policy in
the XXI century.
Copertari, L. F. (2017). Neolaborism: A Theory of Political Economy on the Value of Human Labor as Opposed to Artificial Labor as the Ultimate Means of the Economy in the XXI Century. Open Access Library Journal, 4, e3835. doi: http://dx.doi.org/10.4236/oalib.1103835. References
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