Almost 40 percent of jobs worldwide could be disrupted by AI, according to IMF analysis
The International Monetary Fund (IMF) in a new analysis said nearly 40 percent of the global labor market is exposed to artificial intelligence – an impact most likely to be felt on high-skilled jobs and in advanced economies.
The analysis released on Sunday examines the benefits and consequences of AI and explores how different labor sectors and economies are likely to feel the effects of the new technology.
In advanced economies, according to the analysis, about 60 percent of jobs are exposed to AI.
About half of those exposed will benefit from the enhanced productivity provided by AI integration, according to the analysis. The other half, however, could see core tasks they perform replaced by AI, leading to lower labor demand, lower wages and reduced hiring.
In emerging markets, 40 percent of jobs are expected to be exposed to AI, and 26 percent of jobs are expected to be exposed to AI in low-income countries.
While emerging markets and low-income countries are less likely to be exposed to AI than advanced economies, they also are less likely to harness the potential of AI when they are exposed, the IMF analysis found, likely worsening inequality.