AI will affect 40% of jobs and probably worsen inequality, says IMF head

webnexttech | AI will affect 40% of jobs and probably worsen inequality, says IMF head
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The head of the International Monetary Fund emphasizes that artificial intelligence (AI) is expected to impact 40% of jobs globally. To address the potential adverse effects on vulnerable workers, it is deemed “crucial” for countries to establish robust social safety nets. The IMF’s analysis reveals that advanced economies, particularly the US and the UK, face a higher risk of job disruption, with approximately 60% of jobs exposed to AI, and half of them may experience negative consequences. The IMF identifies jobs with “high complementarity” to AI, such as those involving responsibility and interpersonal interaction, as safer from displacement. In contrast, jobs with “low complementarity,” like telemarketing, are more susceptible to being displaced by AI. The exposure to AI jobs in emerging market economies and low-income countries is 40% and 26%, respectively, making it a global concern. The IMF suggests that building social safety nets is essential to mitigating the potential inequality exacerbated by AI’s influence on the job market.

 

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