IMF Warns AI Could Impact 40% of Global Jobs, Urges Quick Action

January 15, 2024
IMF Warns AI Could Impact 40% of Global Jobs, Urges Quick Action
  • 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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