AI could affect 40 per cent of jobs globally says IMF

AI will affect nearly 40 per cent of jobs globally according to a new report by the IMF, boosting labour productivity but also increasing inequality. Around half of jobs will be “complemented” rather than displaced by AI – with women and college-educated workers particularly well placed to see increased productivity and wages. For others, AI may largely replace human workers, in some cases automating entire jobs out of existence. IMF chief Kristalina Georgieva has called for policymakers to provide social safety nets and establish retraining programs for vulnerable workers. AI will likely also exacerbate inequality between countries. For advanced economies, nearly 60 per cent of jobs are exposed, while for low-income countries it’s just 26 per cent – but while the latter group may face less short-term AI disruption, these countries will also struggle to take advantage of new technologies.