A study by the IPPR indicates that AI could potentially displace nearly 8 million jobs in the UK, particularly affecting women and early-career workers.

The report warns that AI may not only impact entry-level positions but could also threaten up to 59% of tasks in high-paying jobs.

However, the study suggests that with appropriate government policy, AI could contribute an additional £306 billion annually to the UK economy without job losses, and possibly increase wages by up to 30%.

Policy measures recommended by the IPPR include 'ringfencing' to protect jobs, an industrial AI strategy for job transitions, fiscal incentives, and regulatory changes to minimize job displacement.

The UK government is focusing on equipping workers with AI skills, though it has called the report 'hugely speculative'.

Experts view AI's advancement as an opportunity for innovation and growth, but stress the need for proactive decision-making to manage its impact on employment.

The IPPR report also considers AI's potential to alleviate shortages in social services and healthcare, but cautions against job losses without GDP gains in the absence of protective measures.

International responses to AI's impact on jobs are emerging, with both the European Union and the United States exploring regulatory approaches.