AI to hit 40% of jobs and worsen inequality, IMF says
AI to hit 40% of jobs and worsen inequality, IMF says

AI to hit 40% of jobs and worsen inequality, IMF says

  • Artificial intelligence is projected to impact nearly 40% of all jobs, potentially exacerbating inequality, according to the International Monetary Fund (IMF).

  • The IMF suggests that AI will likely worsen overall inequality and policymakers should address this issue to prevent social tensions.

  • In advanced economies, AI is expected to affect around 60% of jobs, with some workers benefiting from increased productivity while others may face job displacement.

  • Low-income countries may be less affected by AI due to lack of infrastructure and skilled workforces.

  • The IMF recommends establishing social safety nets and retraining programs to make the AI transition more inclusive.

Source: https://www.bbc.co.uk/news/business-67977967

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