Darío Judzik, an engineer and economist, and Eduardo Levy Yeyati, a writer and engineer, have recently published a book titled “Automatizados” that focuses on the impact of artificial intelligence on employment. In the book, they warn that many jobs are at risk of being replaced by automation.
Amid ongoing debates about labor laws, Levy Yeyati emphasizes the importance of a strong fiscal package but also highlights the lack of measures to stimulate employment and investment. He challenges the notion that increased education can always lead to more job opportunities, especially with the rise of artificial intelligence. He believes that technological advancements will significantly impact various industries potentially leading to a reduction in available jobs.
Reflecting on past experiences, including his time at the Central Bank during the 2002 crisis, Levy Yeyati stresses the importance of a comprehensive fiscal plan to navigate economic challenges effectively. He criticizes the current approach of “cooling the economy” to lower inflation, warning that such tactics may have adverse effects on employment and growth in the long run.
In light of ongoing labor reforms and efforts to stimulate economic recovery, Levy Yeyati remains cautious about the government’s ability to generate sustainable employment opportunities. He emphasizes the need for a balanced approach that addresses both short-term challenges and long-term economic sustainability.
Overall, Levy Yeyati’s insights underscore the complexity of managing economic transitions in an era of rapid technological advancements. His perspective highlights the importance of holistic policymaking and proactive measures to address evolving needs in an increasingly automated world.
