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Contact
+603-2701-3606
[email protected]
Imagine a giant wave of technology about to hit the job market — that’s how Kristalina Georgieva, the head of the International Monetary Fund (IMF), describes the impact of artificial intelligence (AI). In this article, we’ll explore what this means for workers around the world.
Georgieva warns that AI is about to shake up a lot of jobs, not just in rich countries but everywhere. She estimates that in the next couple of years, 60% of jobs in advanced countries and 40% of jobs globally will feel the impact of AI. This calls for everyone, from individual workers to big companies, to get ready for these changes quickly.
According to the IMF leader, we need to act fast to keep up with AI. The technology is moving quickly, and if we don’t prepare, it could lead to bigger problems like more inequality and spreading false information, while also slowing down the potential benefits, like better productivity.
Georgieva highlights that AI can make workplaces much more productive. By taking over repetitive tasks and making processes smoother, AI can help businesses do things better and faster, which could lead to new types of jobs and innovations.
However, there’s a downside. Georgieva points out that if AI isn’t managed carefully, it could make rich people richer and leave others behind, increasing inequality. It’s crucial to make sure that the benefits of AI reach everyone, not just a few.
Georgieva also notes that the world is more vulnerable to sudden crises, like the recent pandemic or political tensions, and AI adds to this risk. With AI playing a big role in the economy, we need strong plans to handle unexpected problems that could come our way.
Explore the significant ways in which artificial intelligence is changing job markets across the globe, according to IMF Chief Kristalina Georgieva. Understand the challenges and opportunities of an AI-powered economy and what it means for workers everywhere.
Sources Reuters