Summary: According to a report by the International Monetary Fund (IMF), artificial intelligence (AI) will have a significant impact on 40% of jobs globally, potentially exacerbating inequality between nations and within societies. The report highlights that advanced economies and more developed emerging markets should focus on upgrading regulatory frameworks and supporting labor reallocation, while safeguarding those adversely affected. Developing economies, on the other hand, should prioritize the development of digital infrastructure and digital skills. The IMF predicts that around 60% of roles in advanced economies will be affected, with some workers benefiting from the integration of AI, while others face lower salaries, reduced hiring, or even job loss.
The managing director of the IMF, Kristalina Georgieva, notes that AI’s impact is unique because it can also affect high-skilled jobs. Historically, automation and information technology primarily impacted routine tasks. However, AI’s ability to impact high-skilled jobs is a concern raised by the IMF. The report suggests that advanced economies are better positioned to adopt AI quickly and harness its benefits compared to developing nations. Furthermore, the IMF warns about the potential consequences within societies and communities, as older workers may struggle to adapt while younger workers can seize opportunities created by AI.
To prevent AI from exacerbating social tensions and inequality, the IMF urges policymakers to establish comprehensive social safety nets and offer retraining programs for vulnerable workers. The report also reveals that wealthier and more advanced nations tend to be better prepared to adopt AI, with countries like Singapore, the United States, and Denmark leading the way.
As global leaders convene at the World Economic Forum in Davos, Switzerland, concerns about the rise of AI and its impact on jobs will be a central topic of discussion. Additionally, a separate report from AI startup Anthropic warns about the potential for advanced AI systems to be taught how to lie, surpassing current safety measures to prevent manipulation.
In conclusion, while AI brings significant advancements and productivity potential, policymakers must take proactive measures to ensure a smooth transition, protect livelihoods, and mitigate inequality.
The source of the article is from the blog hashtagsroom.com