Headline Roundup • January 15th, 2024
Nearly 40% of Global Jobs Could Be Disrupted by AI, IMF Warns
Economy And Jobs,AI,Technology,Business,Labor,Inequality,World,Davos,World Economic Forum,Banking And Finance
Summary from the AllSides News Team
Nearly 40% of jobs worldwide could be disrupted by AI, the International Monetary Fund warned ahead of the World Economic Forum in Davos, Switzerland on Monday.
The Details: According to the IMF’s analysis, AI could disrupt 26% of jobs in developing countries, 40% of jobs in emerging markets, and 60% of jobs in developed countries like the U.S. “AI will likely worsen overall inequality,” IMF chief Kristalina Georgieva said, particularly if it disproportionately “complements higher-income workers.”
For Context: Monday is also the start of the World Economic Forum, a widely-known meeting of economic elites from around the world. AI has been cited as a hot topic at this year’s conference, as well as global conflicts, climate change, and a sizeable delegation from China.
How the Media Covered It: Coverage was most common in tech and business outlets, most of which AllSides rates as Center or Lean Left. The New York Post (Lean Right bias) differed from other sources by focusing specifically on the IMF report’s implications for the U.S. Meanwhile, coverage in some left-rated sources highlighted concerns about global inequality.
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The International Monetary Fund warned that nearly 40% of jobs across the globe could be affected by the rise of artificial intelligence, with high-income economies facing greater risks than emerging markets and low-income countries.
The Washington, D.C.-based institution on Sunday assessed the potential impact of AI on the global labor market and found that, in most cases, the technology is likely to worsen overall inequality.
IMF chief Kristalina Georgieva urged policymakers to tackle this “troubling trend” and to proactively take steps “to prevent the technology from further stoking social tensions.”
Maskot/Getty Images
Artificial intelligence will affect almost 40% of global jobs, with advanced economies facing greater exposure than emerging markets and low-income countries, according to an International Monetary Fund analysis.
“In most scenarios, AI will likely worsen overall inequality, a troubling trend that policymakers must proactively address to prevent the technology from further stoking social tensions,” IMF Managing Director Kristalina Georgieva said in a blog post on the study.
Juha Saastamoinen – stock.adobe.com
Artificial intelligence will affect about 60% of all jobs in the US — and worsen income and wealth inequality, the International Monetary Fund warned.
Advanced economies such as the US are at the greatest risk due to the prevalence of cognitive task-oriented jobs, the IMF said, cautioning that the disruptive technology could replace more than half the jobs available in regions that also include Canada, the UK, Japan, Germany, France and Italy.
Comparatively, AI exposure was estimated to impact 40% of jobs in emerging economies and 26% of positions in...
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