IMF Warns Artificial Intelligence Could Displace 40 Percent of Global Jobs
The International Monetary Fund cautions that artificial intelligence threatens nearly 40% of jobs worldwide and stands to significantly worsen global inequality. High-income nations face the greatest exposure, prompting calls for immediate policy action.
The International Monetary Fund warns that nearly 40% of jobs across the globe face potential disruption from the rise of artificial intelligence. The Washington-based institution reports that high-income economies experience the greatest risk, with about 60% of jobs facing AI exposure compared to 40% in emerging markets and 26% in low-income countries.
IMF chief Kristalina Georgieva states that while AI jumpstarts productivity and boosts global growth, the technology primarily worsens overall inequality. Workers who successfully harness AI see increased productivity and higher salaries, while those who lack access or skills fall further behind, creating dangerous polarization within income brackets.
The report highlights that emerging and low-income countries face fewer immediate disruptions but lack the necessary infrastructure and skilled workforce to benefit from the technology. Georgieva urges policymakers to tackle this troubling trend proactively as global leaders gather at the World Economic Forum in Davos to discuss the impending technological revolution.