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40% of employees to lose their jobs to AI - IMF

15th January 2024 10:38:39 AM

1 min read
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The International Monetary Fund (IMF) has reported that almost 40.0% of global employment is exposed to Artificial Intelligence (AI), according to its recent analysis.

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Unlike previous technological shifts, AI has the potential to impact high-skilled jobs as well. The IMF notes that advanced economies face both greater risks and opportunities from AI compared to emerging market and developing economies.

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In advanced economies, around 60% of jobs may be impacted by AI, with roughly half benefiting from its integration to enhance productivity.

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Article image 4

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The other half, however, may see lower labor demand, leading to reduced wages and hiring.

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In contrast, emerging markets and low-income countries have lower immediate disruptions from AI, but they may lack the infrastructure and skilled workforces to harness its benefits, potentially exacerbating global inequality over time.

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