Artificial Intelligence Will Affect Jobs, IMF Says
AI is more likely to worsen overall inequality globally, IMF reports.
Advanced economies seen most exposed to job-market disruption
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IMF research on AI
Artificial intelligence will affect almost 40% of global jobs, with advanced economies facing greater exposure than emerging markets and low-income countries, according to an International Monetary Fund analysis.
“In most scenarios, AI will likely worsen overall inequality, a troubling trend that policymakers must proactively address to prevent the technology from further stoking social tensions,” IMF Managing Director Kristalina Georgieva said in a blog post on the study.
AI’s income inequality effect will largely depend on how much the technology complements high earners. More productivity from high-income workers and companies would boost capital returns, widening the wealth gap, Georgieva said. Countries should provide “comprehensive social safety nets” and retraining programs for vulnerable workers, she said.
While there’s potential for AI to fully replace some jobs, the more likely scenario is that it’ll complement human work, according to the analysis. Advanced economies may have about 60% of jobs affected, more than emerging and low-income countries.
