- Posts: 152
- Thank you received: 6
- Applications
- Discussions
- News
- The Future of Employment
- AI to hit 40% of jobs and worsen inequality, IMF says
AI to hit 40% of jobs and worsen inequality, IMF says
3 months 1 week ago #173
by PABlo
AI to hit 40% of jobs and worsen inequality, IMF says was created by PABlo
Artificial intelligence is set to affect nearly 40% of all jobs, according to a new analysis by the International Monetary Fund (IMF).
IMF's managing director Kristalina Georgieva says "in most scenarios, AI will likely worsen overall inequality".
Ms Georgieva adds that policymakers should address the "troubling trend" to "prevent the technology from further stoking social tensions".
The proliferation of AI has put its benefits and risks under the spotlight.
The IMF said AI is likely to affect a greater proportion of jobs - put at around 60% - in advanced economies. In half of these instances, workers can expect to benefit from the integration of AI, which will enhance their productivity.
In other instances, AI will have the ability to perform key tasks that are currently executed by humans. This could lower demand for labour, affecting wages and even eradicating jobs.
Meanwhile, the IMF projects that the technology will affect just 26% of jobs in low-income countries.
IMF's managing director Kristalina Georgieva says "in most scenarios, AI will likely worsen overall inequality".
Ms Georgieva adds that policymakers should address the "troubling trend" to "prevent the technology from further stoking social tensions".
The proliferation of AI has put its benefits and risks under the spotlight.
The IMF said AI is likely to affect a greater proportion of jobs - put at around 60% - in advanced economies. In half of these instances, workers can expect to benefit from the integration of AI, which will enhance their productivity.
In other instances, AI will have the ability to perform key tasks that are currently executed by humans. This could lower demand for labour, affecting wages and even eradicating jobs.
Meanwhile, the IMF projects that the technology will affect just 26% of jobs in low-income countries.
Please Log in to join the conversation.
3 months 1 week ago #174
by PABlo
Replied by PABlo on topic AI to hit 40% of jobs and worsen inequality, IMF says
CHECK OUT THE ARTICLE:
https://www.bbc.com/news/business-67977967
Please Log in to join the conversation.