Title: The impact of artificial intelligence on employment: growing inequality
Introduction :
Artificial intelligence (AI) is becoming more and more widespread in the world of work, but its impact on employment will not be uniform. According to the International Monetary Fund (IMF), nearly 40% of jobs globally could be affected by the rise of AI, a trend that risks deepening inequalities. In this article, we will examine how AI could influence different sectors of the economy, the implications for workers, and the steps governments should take to mitigate its harmful effects.
Impact on jobs:
AI is expected to both help and harm the human workforce. According to IMF Managing Director Kristalina Georgieva, developed countries will feel the effects of AI more keenly than emerging markets because workers in white-collar jobs are considered more at risk than blue-collar workers. Around 60% of jobs in developed economies could be impacted by AI, with around half benefiting from increased productivity from the technology. However, the other half could see their key tasks automated, which could reduce demand for labor, leading to lower wages and hiring.
In emerging markets, around 40% of jobs could be affected by AI, while this figure would rise to 26% in low-income countries. Emerging and low-income countries are more likely to lack the infrastructure and skilled workforce to harness the benefits of AI, increasing the risk of widening inequality.
Social consequences:
The growing use of AI could also increase the risks of social unrest, particularly if younger, less experienced workers turn to the technology to increase their productivity, while older workers struggle to adapt . This disparity could create tensions within the workforce and exacerbate existing inequalities.
Actions to take:
To mitigate the harmful effects of AI on employment and inequality, the IMF calls on governments to establish social safety nets and offer reskilling programs. It is essential to give workers the skills needed to fill the jobs of the future and to put in place redistribution policies that balance the productivity gains generated by AI.
Conclusion :
AI is transforming the global economy and its impact on employment is undeniable. However, it is crucial to ensure that this transformation does not further widen social inequalities. Governments, businesses and society as a whole have a role to play in ensuring that AI is used equitably, providing reskilling opportunities, protecting vulnerable workers and redistributing benefits in a balanced way. AI has the potential to benefit humanity, but only if we take the appropriate steps now.