Thursday, April 11, 2024
HomeArtificial Intelligence NewsIMF Report: New Study Shows AI Impact on 60% of Jobs

IMF Report: New Study Shows AI Impact on 60% of Jobs

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Leah Sirama
Leah Sirama
Leah Sirama, a lifelong enthusiast of Artificial Intelligence, has been exploring technology and the digital realm since childhood. Known for his creative thinking, he's dedicated to improving AI experiences for all, making him a respected figure in the field. His passion, curiosity, and creativity drive advancements in the AI world.
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48 COMMENTS

  1. Developing countries will find wonderful uses for AI. Developed countries will scream "You need a license to do that!" Developing countries will change their laws and leapfrog over the developed countries. In 50 years, the richest countries in the world will be those who currently have natural resources, a work ethic, and a hatred for lawyers.

  2. These are the same people that say that CO2 is the biggest threat to humanity, and that Coffee is killing the planet, and that everybody should be in 15 minutes cities while they jet around in their carbon admitting airplanes does anybody really trust them anymore?

  3. when I graduated in 2000 from my University, the Computer Science program required students to create an AI as their final senior project in order to graduate, someone knew…

  4. I think robots will have high dexterity and be waterproof if needed. The dexterity issue is being solved quickly and therefore would affect those jobs as well.

  5. Im almost certain that the electrical grid is just not fit enough to support such a system. A simple power outage would just lock everyone out, or lock an entire system/store down.

  6. IMF is like the orchestra playing on the Titanic. AI will destroy all jobs… and we will have to base our lives, self-esteem and so on on something other than work.

  7. Printing money or issuing more currency in the circulation one thing about the possible inflationary impacts about that is the fact that in reality when everything gets automated and machines are making better machines and so on and there's high unemployment those factors are extremely deflationary.

  8. AI is just faster hardware to operate programs. AI will never be able to come to someones house and fix thier furnace or do an emergency plumbing repair. The AI narrative is just fearprn and all the glitchy tech we use proves it.

  9. Artificial intelligence is made for a sole purpose to replace humans. That's what it's made for and someone's KPI right now is to realise that and they are really working hard on it.

  10. "The economics of the future are somewhat different. You see, money doesn't exist in the 24th century. The acquisition of wealth is no longer the driving force of our lives. We work to better ourselves and the rest of humanity."

    Captain Picard
    Star Trek: First Contact

  11. Scary. As an older person who is very into AI (I use it daily), it is sad to think that well-seasoned persons are not into learning and adapting to new technologies. Employers take this assumption as a fact.

  12. 🎯 Key Takeaways for quick navigation:

    00:00 🌐 Introduction and overview of the IMF report on AI impact
    – The IMF report reveals that AI is set to impact 60% of jobs in developed economies.
    – Higher-skilled jobs are likely to face both challenges and opportunities due to AI.
    – The discussion highlights the uniqueness of AI and its potential disruption to the social and economic landscape.
    01:23 📊 Impact of AI on jobs in developed countries
    – The study predicts that 60% of jobs in developed countries will be affected by AI.
    – Half of these jobs may see a positive impact through intelligence augmentation.
    – The impact is expected to be higher for higher-skilled jobs, contrary to initial beliefs.
    03:02 🌍 Impact on developing nations and the need for proactive measures
    – Developing nations are expected to have a smaller initial impact but may miss out on increased productivity.
    – Recommendations include a proactive approach from policymakers to maintain social cohesion.
    – The importance of assisting low-income countries in catching opportunities presented by AI is emphasized.
    04:12 📉 Chart analysis of AI impact on jobs worldwide
    – The chart categorizes job exposure to AI, distinguishing between high exposure with high complement, high exposure with low complement, and low exposure.
    – Advanced economies show significant impact, with around 60% of jobs affected.
    – Discussion on the potential impact of AGI and the need to account for its effects in future studies.
    06:17 🌐 Social implications, job displacement, and social unrest
    – The paper addresses social unrest as a potential consequence of job displacement due to AI.
    – Emphasis on the importance of policymakers in maintaining social cohesion during the transition.
    – Recommendations include fair and ethical AI use, training for new AI-related jobs, and global collaboration.
    08:10 🌐 The Bletchley Declaration and global cooperation on AI challenges
    – Discussion on The Bletchley Declaration as an international call to address AI's impact on human rights, transparency, fairness, accountability, and more.
    – The need for countries to work together on issues like data safety and responsible AI use.
    – Predictions on potential future regulations, taxes, and mandatory human employment ratios for companies using AI.
    11:43 🚫 Protests against AI-generated content in creative industries
    – Examples of protests against AI-generated content, such as in Hollywood scriptwriting and online artwork.
    – Artists protesting against AI-generated artwork to prevent disruption of their industry.
    – The prediction of potential future strikes and protests against widespread AI use in various industries.
    14:01 🌍 Different needs for different countries in AI adoption
    – Discussion on how countries at various stages of economic development need different approaches to AI adoption.
    – Advanced and emerging markets should focus on laws, regulations, and innovations.
    – Low-income and emerging markets should invest in digital capabilities, education, and overcoming skill gaps.
    15:09 📊 Conceptual diagram of AI occupational exposure and complement
    – Examination of the conceptual diagram categorizing AI occupational exposure and complement for various jobs.
    – Highlighting the ideal position in the top-left quadrant where AI helps and complements the job.
    – Examples of jobs in different quadrants, emphasizing the impact and complementarity of AI in diverse industries.
    16:49 🤖 Impact of AI on various jobs
    – The impact of AI on jobs is visualized on a scale, where jobs involving real human dexterity (like surgeons) are less likely to be automated, while computer-based jobs are more susceptible.
    18:00 🧓 Challenges for older workers in the face of AI
    – Older workers may face challenges adapting to AI-related changes due to outdated skills, personal ties, financial commitments, and comfort with their current job.
    20:04 🚺 Women's employment in AI-affected jobs and the role of education
    – Women are more likely to work in jobs greatly affected by AI, providing opportunities for these jobs to evolve positively. Higher education is linked to jobs more impacted by AI, suggesting a potential focus on skilled jobs.
    21:14 🌍 Global variations in AI impact based on age, gender, and education
    – The impact of AI varies globally, with younger people often more educated in developed countries. Gender and education play a role in how AI affects different age groups.
    23:05 ⚙️ AI as a labor-replacing tool and the importance of adapting to it
    – AI is fundamentally a labor-replacing tool, with companies increasingly seeking efficient AI integration. Being proactive and learning to work effectively with AI can enhance job security and value in the workforce.
    25:29 💰 Benefits and concerns of AI for companies and the role of Universal Basic Income (UBI)
    – AI benefits companies by reducing costs, but concerns arise regarding job displacements. The discussion introduces the concept of Universal Basic Income (UBI) as a potential solution to address the impact of AI on employment.
    27:38 🌐 Winfall clause and funding UBI through AI firms' profits
    – The Winfall clause proposes AI firms commit to donating a significant portion of extremely large profits to benefit humanity, potentially funding Universal Basic Income (UBI).
    28:48 🌐 Sam Altman's perspective on UBI and its role in the future
    – Sam Altman views Universal Basic Income (UBI) as a component for a smoother transition in the face of AI-related job changes. It is seen as a potential solution, although not the full one, and part of a comprehensive approach to address societal challenges.

    Made with HARPA AI

  13. "You could use Midjourney and be THAT guy to be more effective". No Thanks. Iam an Image creator since >15 years. Always interested in new technology (Into AI since 12 years). Getting rid of all the interesting tools, to replace it with a keyboard just to be more effective, turns digital image production into a conveyor belt production nightmare. Analog Image production is getting much more interesting (at least for artists who are interested in art and not money)…

  14. There could be abundance also, once low-cost robotically produced goods are delivered directly to consumers. So many things have so much markup and don't get me started on lawyers….

  15. Regardless aught else, Elon was correct per automation "obviating what the economy even is," imho.
    Also, CEOs do not necessarily "rightfully earn" their millions. So much is exploitative, shares + $1 loops, etc. They know how crucial employees are, and salivate for when robots can replace them. Everything else is empathy roleplay. UBI is a bandaid, Capitalism without constant regulation would destroy its host society.

  16. Augment = Replace though in the sense that if I 'augment' a job that used to take two people and 'augment' one then I only need one augmented worker vs two unaugmented ones. Not that this is a bad thing in the long run once (hopefully) we structure an economy around a post-labor ideal.

  17. So many bullshit, both in the IMF studies and in comments. EVERYBODY WILL BE IMPACTED, for both manual and intellectual jobs. Very soon. Who will fall first ? Easy, the salary jobs that are the most paid making the use of AI/Robots the most valuable for bosses.

  18. UBI can be easily paid for by taxing fixed assets. They already did this during the ukraine war to get funds from russian oligarchs in a way that they could not flee or hide funds without giving up their money making assets. Simple and super effective. Plus conservatives are interested in it because it dramatically simplifies the tax code and limits government.

  19. In the United States, certain unique and arguably unnecessary jobs are likely to persist, while more practical jobs will incorporate AGI to boost efficiency. Examples of these uniquely American jobs include dude outside the restroomshanding out toilet paper, dude manually opening and closing barrier at parking lots, dude packing customers' groceries for them.

  20. I dont kind universal income its good for those you destroy there bodies in blue jobs and really dont want to be there so many hours a day. Ofcourse we prob going to have some have more money than others, but if all can get a basic income far less crime.

  21. Retaining programs are just a way of buying time theyre not going to work because the target will quicky start moving faster than any human is able to adapt. The "jobs AI creates" can just be covered by better adapted AI. For the retraining slution to work you need to propve that there exists at least one job that humans can do that AI cannot and that job can be occupied by everyone. This also is insufficient really because you will still have a lack of any hope of upward economic mobility. Thus permanent econmic inequality.

  22. We should be very careful how far we go with tech we have seen huge solar flares on the limb of the sun that were large enough to knock out all electronics on the planet, okay it's like hitting the lottery but people actually do win the lotteries in every country so its always a possibility.

  23. Are you sure it’s 60% because to me it doesn’t seem like that considering they are trying to make general intelligence which will even take over humans. I think the upcoming situation would be far more wore than we can imagine. It is bound to happen big guys gonna get big guns and we will be left with house chore bots. It is even happening 😅

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