Perception of Generation Y and Z Young Economists About Artificial Intelligence

Abstract

An increasing part of our everyday life is affected by artificial intelligence (AI). The motivation and attitude of Generation Y and Z have a fundamental influence on the competitiveness of companies. Therefore, it is important to recognize, apply, and adapt to the potential drawbacks of AI. In my research, by using an anonymous questionnaire, the focus is laid on how young economists think of the subject. Thus, I interviewed American (a developed economy with a significant role in the field of AI) and Hungarian (a developed economy but not significant role in the field of AI) young economists. My research has shown that no significant difference can be identified between the thinking of economists in the two nations. Young people are unambiguously positive and optimistic about AI and its impact in the short and long term. However, AI and its understanding are not yet at the centre of their interest, though they find it fascinating. Soft- and hard skills that can be developed are considered important, with which they can be in an advantageous position against AI. According to young economists, human work will not completely disappear, it will only alter, and due to this, they do not feel threatened in the labour market.