Will Artificial Intelligence (AI) take away people’s jobs? In answer to this question the world has been divided into two parts. While many advocate it, many people believe that apart from being a great innovation, Artificial Intelligence is also bringing with it many dangers.
The International Monetary Fund (IMF) has said in one of its analysis, ‘Artificial Intelligence will impact 40% of the world’s jobs (global jobs), and in this too, the biggest impact will be on developed countries (advanced economies), emerging and low-income ones. Its impact on countries will be slightly less.
‘AI will make all inequality worse’
“In most scenarios, AI will make all inequality worse, a troubling trend that policymakers need to address to prevent the technology from exacerbating social tensions,” IMF Managing Director Kristalina Georgieva said in a blog post on the study. Must try actively’.
The impact of AI on income inequality will largely depend on how helpful the technology is for higher earners. Georgieva said that high-earning employees
And higher productivity of companies will boost capital returns, which will increase the money gap. He said, countries will have to take care of social security of vulnerable workers and run re-training programs for them.
‘Some jobs will be completely replaced by AI’
According to the IMF’s analysis, although there is a possibility that Artificial Intelligence will completely replace some jobs, it is more likely that it will complement human work. In developed countries, 60% of jobs may be affected by this, which is much more than in emerging economies and low-income countries.
Georgieva’s views on artificial intelligence coincide with the meeting of global business and political leaders at the World Economic Forum in Davos, Switzerland, where AI is a topic of discussion.
Companies are pouring money into emerging technologies, which sometimes makes employees worried about their future. One example is Buzzfeed Inc., which announced plans to use AI to help with content creation and closed its core news department, laying off more than 100 employees.
The European Union reached a tentative agreement in December on legislation to impose safeguards on AI, while the US is still considering its federal regulatory stance.