Artificial intelligence will affect 60% of jobs in advanced economies, IMF says

Artificial intelligence will affect 60% of jobs in advanced economies, IMF says

According to an IMF report, artificial intelligence could accelerate wage inequality, with a negative impact especially on the middle classes. (Photo: Lukas for Unsplash)

The development of artificial intelligence (AI) will have consequences for 60% of jobs in advanced economies, the Director General of the International Monetary Fund (IMF) Kristalina Georgieva emphasized on Sunday in an interview with AFP, who also fears the risk of leaving the poorest countries.

“Globally, 40% of jobs will be affected. And the more qualified you are at work, the more it will pay. So for advanced economies and some developing countries, 60% of jobs will be affected,” Kristalina Georgieva said.

She clarified that the mentioned impacts are not necessarily negative, as they can also lead to “increasing your income”.

The figures come from a report released by the IMF ahead of the World Economic Forum meetings in Davos, which begin on Monday in the Swiss Alpine resort.

According to the report, AI could accelerate wage inequality, with a particularly negative impact on the middle classes, while workers who are already high earners would see their wages “increase more than proportionately” to the productivity gains AI would enable them to secure. .

“It is certain that there will be an impact, but it can be different, whether it leads to the extinction of your work or, on the contrary, to its improvement. So what should we do with those who will be affected and how can we share in the productivity gains? What can we do to be better prepared?” asked Kristalina Georgieva.

According to the report, Singapore, the United States and Canada are the countries the prepared to integrate AI so far, but as the fund’s CEO points out, “we need to focus on lower-income countries.

“We need to move quickly to enable them to take advantage of the opportunities that AI offers. The real question will be to put aside the fears associated with artificial intelligence and focus on how to get the most out of it for everyone,” insisted the head of the IMF.

Especially since, in the context of slowing global growth, we “desperately need” elements capable of increasing productivity.

“AI can be scary, but it can also be a huge opportunity for everyone,” concluded Kristalina Georgieva.

Leave a Comment

Your email address will not be published. Required fields are marked *