Posted 3/27/2024, 3:10:07 PM
AI Adoption Threatens Millions of UK Jobs, But Careful Management Could Yield Growth
- AI could eliminate up to 8 million jobs in the UK, hitting women and early-career employees hardest
- 11% of jobs across the economy are exposed to displacement by AI currently
- A second wave of AI adoption could threaten up to 59% of tasks
- Job losses could potentially be avoided with government policies like "ringfencing" certain roles for human workers
- Optimistic scenario shows 13% GDP growth with no job losses if AI adoption managed correctly