Posted 1/14/2024, 2:10:00 PM
IMF: AI Could Displace Jobs for 40% of Global Workforce, Risks Widening Inequality Gap
- AI expected to affect nearly 40% of all jobs globally, worsening inequality overall (IMF)
- Biggest impact in advanced economies - 60% of jobs affected; low-income countries less affected
- Workers may benefit from productivity gains or face job/wage losses from automation
- Higher-income and younger workers likely to benefit more than lower-income and older
- IMF urges countries to establish safety nets and retraining to make AI transition more inclusive