ECON1020 - Artificial Intelligence in Employee Monitoring - Economics Assignment Help

Assignment Task

ARTIFICIAL INTELLIGENCE

Artificial intelligence has been increasingly adopted across many industries in recent years due to the technological advances in machine and deep learning and subsequently the falling cost of making predictions. One application of artificial intelligence in business is employee monitoring, which has been often reported by various media outlets, such as:
• The Economist. “Smile, you’re on camera: There will be little privacy in the workplace of the future.” March 28, 2018. (Use your MQ OneID to view)
• Cater, Leonie & Melissa Heikkilä. “Your boss is watching: How AI-powered surveillance rules the workplace.” Politico. May 27, 2021.

Address Questions 1–3.

Question 1

Discuss how the use of artificial intelligence in employee monitoring could affect the following:
• The firm’s profit
• The firm’s bargaining power
• The workers’ wellbeing
• The workers’ bargaining power

Question 2
Discuss whether the use of artificial intelligence in employee monitoring brings about a Pareto
improvement. Your discussion must refer to your discussion for Question 1.

Question 3
Discuss whether the use of artificial intelligence in employee monitoring results in a fairer outcome. Your discussion must refer to both of the following:
• procedural judgement of fairness
• substantive judgement of fairness

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