Artificial intelligence (AI) will affect almost 40% of all jobs around the world
and deepen inequality, the International Monetary Fund (IMF) has warned.
In a new analysis, IMF researchers examined the potential impact of AI on the
global labour market. It found that, in advanced economies, around 60% of jobs
may be impacted by AI. In contrast, in emerging markets, exposure to AI is
expected to affect 40% of jobs.
The IMF also suggested that AI could affect income and wealth inequality within
countries. Workers able to make effective use of AI may see an increase in their
wages and productivity, whilst those who cannot risk falling behind.
The IMF says policymakers should review the rise of AI in the workplace in order
to prevent it from stoking social tensions. It has called for a careful balance
of policies to tap into AI's potential.
Kristalina Georgieva, Managing Director at the IMF, said:
'In most scenarios, AI will likely worsen overall inequality, a troubling
trend that policymakers must proactively address to prevent the technology
from further stoking social tensions.
'It is crucial for countries to establish comprehensive social safety nets
and offer retaining programmes for vulnerable workers. In doing so, we can
make the AI transition more inclusive, protecting livelihoods and curbing
inequality.'
Internet links: IMF website