○ The likelihood of new technology replacing human labor is lower when non-technical factors (socio-economic impact) are considered alongside technical feasibility, which evaluates the technology’s capacity to perform specific tasks.
○ It is forecasted that development in artificial intelligence (AI) technology will not only impact routine-based cognitive and physical tasks but also non-rountine tasks that require complex cognitive reactions and physical activities.
○ It is expected that the introduction of AI technology will bring restructuring of work, occupational changes, and increase the likelihood of new job creation associated with partial replacement or changes to tasks that constitute a job, rather than a complete substitution of particular occupations.