International Monetary Fund: “Artificial Intelligence will affect 40% of all jobs” | a job

The results are clear from the recent analysis conducted by the International Monetary Fund. According to Georgieva, policymakers must address this “worrying trend” in order to “prevent technology from further inflaming social tensions.”

The International Monetary Fund said that in developed countries with advanced economies, artificial intelligence is expected to affect about 60% of jobs. About half of workers in these countries will benefit from AI integration, which is expected to increase their productivity. The International Monetary Fund expects that AI will be able to perform important tasks currently performed by humans, which could lead to a decline in demand for labor. This increases the risk of job loss and can affect wages.

In low-income countries, AI is estimated to impact 26% of jobs. Georgieva points out that many of these countries do not have the necessary infrastructure or skilled workforce to reap the benefits of AI, which means there is a risk that the technology will increase inequality between countries over time.

The analysis shows that higher-income workers and younger workers in particular are likely to see a disproportionate increase in their wages, while lower-income and older workers will fall behind.

Georgieva stresses that it is crucial that “countries work to create comprehensive social safety nets and provide retraining programs for vulnerable workers.” In this way, the transition to AI can be made more inclusive, livelihoods can be protected and inequality can be reduced.

The IMF director concluded that “artificial intelligence will transform the global economy.” “Let's make sure it benefits humanity.”

The World Economic Forum is currently taking place in Davos, Switzerland, bringing together business and political leaders from around the world. The topic is at the top of the agenda there.