AI to Impact Nearly 40% of Global Jobs, with Developed Countries Hit Hardest
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According to an analysis by the International Monetary Fund (IMF), artificial intelligence (AI) will affect nearly 40% of global jobs, with developed economies facing greater impacts compared to emerging markets and low-income countries.
IMF Managing Director Kristalina Georgieva stated in a blog post about the research: "In most scenarios, AI will likely worsen overall inequality, a troubling trend that policymakers must proactively address to prevent this technology from further inflaming social tensions."
The impact of AI on income inequality will largely depend on how much the technology complements high earners. Georgieva noted that productivity gains among high-wage workers and businesses would boost capital returns, thereby widening the wealth gap. She suggested countries should establish "comprehensive social safety nets" and implement retraining programs for vulnerable workers.
While AI could potentially replace some jobs entirely, the IMF analysis indicates it's more likely to complement human work. Developed economies may see about 60% of jobs affected, a higher proportion than emerging markets and low-income countries.