Bankers are afraid of technology now: Explaining perceived vulnerability to technological change among the higher-educated

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Version: Final published version
License: CC BY 4.0
Serval ID
serval:BIB_073EBEDB1784
Type
Article: article from journal or magazin.
Collection
Publications
Institution
Title
Bankers are afraid of technology now: Explaining perceived vulnerability to technological change among the higher-educated
Journal
Political Research Exchange
Author(s)
Knotz C., Lavanchy M., Ugarte A., Wagner J.
Publication state
Published
Issued date
2024
Peer-reviewed
Oui
Volume
6
Number
1
Pages
2389910
Language
english
Abstract
The higher-educated are typically seen as winners of technological change and automation, but recent evidence shows that many higher-educated workers are, in fact, concerned about losing their jobs to technology. The reasons why higher-educated workers are worried about technological change are not yet clear, however. We analyse survey data from 25 countries to resolve this puzzle. Our results indicate, in a nutshell, that many higher-educated workers are concerned about being replaced by “artificial intelligence” (AI) and related technologies. Specifically, we find that perceived technological vulnerability among the higher-educated is strongly linked to working in the finance and IT sectors – which are known to be particularly heavily exposed to advances in AI technology. We discuss the implications of technological vulnerability among the higher-educated for social solidarity and political conflict in digitalising economies.
Keywords
labour markets, technological change, artificial intelligence, perceived vulnerability
Create date
05/08/2024 13:35
Last modification date
05/09/2024 9:02
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