Going All In on Automation: Economic Growth, Labour Markets, and the Path Toward a Robust Transition
What if Canada went all in on artificial intelligence (AI), robotics, autonomous vehicles, connected devices, and virtual reality? We model what happens in a stress test where automation technologies are rapidly and fully adopted, without restriction, and used to their estimated full potential across industries. Our analysis considers adoption of automation technologies across five technology clusters, going beyond the standard focus on AI.
What would happen to productivity, jobs, and the economy? How could the country respond to these changes? How much will the productivity boom directly increase average real wage growth and what will be required to realize these gains? What will power the employment recovery? Which sector will show the deepest employment impacts? And what will help to minimize the direct impact on the most at-risk workers?
Read the impact paper for our full analysis.
Key findings
Going all in to transform the Canadian economy
Full adoption boosts growth but leads to layoffs
Government investment to support labour recovery
Employment impacts vary widely across industries
Actionable insights
Appendix A: Methodology
Appendix B: Capturing the technology impacts with MTFM
Appendix C: Bibliography
