Artificial Intelligence And Labor Share Of Income

With the advent of the era of artificial intelligence,the industrial system and mode of production are changing,which has an impact on the labor market and the distribution pattern of national income.In this context,based on the panel data of micro enterprises,this paper studies the impact of AI on the labor share of income,to supplement the literature on the impact mechanism of labor income share,and fill the gap between theoretical research and empirical measurement,and provide theoretical basis for dealing with the impact of artificial intelligence on economic and social development.The results with PSM-DID method show that AI can significantly increase the labor share of income by 1.44-1.65 percentage points on average,and the effects of AI on labor share of income show heterogeneity across ownerships,export status and between labor-intensive and capital-intensive industries.We also explore the mechanism behind the correlation between AI and labor share of income with causal mediation analysis(CMA)and find that the mechanism of AI to promote labor share of income is mainly labor promotion effect and TFP is a mediator which carries the influence of AI on the labor share of income for enterprises.The conclusion of this study has enlightenment significance for the reform of income distribution in the "artificial intelligence revolution" in China.First of all,the application of artificial intelligence has increased the initial allocation share of labor production factors.Behind it is the continuous upgrading of the industry,reducing the demand for low-skilled labor and improving the demand for high-skilled labor.In the long run,this is a manifestation of economic development and progress.However,in the short term,how to compensate for the loss of part of the low-skilled labor force requires reasonable policy measures to ensure the inclusiveness of the "artificial intelligence revolution" so that all people can share the results of technological progress.Secondly,while accelerating the development of artificial intelligence,it is necessary to further increase the training and supply of highly skilled labor force,so as to avoid "the increasing share of labor income and the widening income gap within the labor force".From the current situation of our country,there is a big gap in high-skilled labor force,and how to help low-skilled labor force to transform into high-skilled labor force will be a huge problem.