IMF Warns AI Could Impact 40% of Global Jobs, Urges Quick Action
January 15, 2024
The International Monetary Fund (IMF) warns that artificial intelligence (AI) could impact 40% of global jobs.
Older workers and those on low incomes are particularly at risk due to AI.
AI could increase productivity and income for some, but also widen wage gaps and cause job displacement and lower wages for others.
The IMF stresses the importance of social safety nets and retraining programs to protect vulnerable workers and reduce inequality.
The report recommends prioritizing assistance for affected workers and sharing productivity gains.
The IMF calls for quick action to ensure universal benefits from AI and support for low-income countries in adopting this technology.
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