AI will affect 60% of jobs in advanced economies: Managing Director of the International Monetary Fund

The development of artificial intelligence (AI) could have consequences for 60% of jobs in advanced economies, International Monetary Fund (IMF) managing director Kristalina Georgieva said in an interview with AFP on Sunday, worrying about the risk. Giving up for poor countries.

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“Globally, 40% of jobs will be affected. And the more skilled you are at the job, the more likely it is. Therefore, in developed economies and some developing countries, 60% of jobs will be affected,” declared Ms. Georgieva.

She clarified that the mentioned effects are not necessarily negative, as it can also cause “an increase in your income”.

The data comes from a report released by the IMF ahead of the World Economic Forum meetings in Davos, which begin on Monday in the Swiss alpine resort.

According to the report, AI could accelerate wage inequality, particularly adversely affecting the middle class, while employees with already high incomes could see their salaries “increase more in proportion” to the productivity gains that AI allows them to ensure. .

“Certainly there will be an impact, but whether it leads to the disappearance of your job or, on the contrary, an improvement of it may be different. So, what do we do with those who are affected and how do we share the productivity gains? What can we do to be better prepared?” asked Mrs. Georgieva.

According to the report, Singapore, the United States and Canada are the countries best prepared for the integration of AI so far, but, as the CEO of the fund emphasized, “we need to focus on low-income countries.

“We need to move quickly, allowing them to take advantage of the opportunities that AI presents. The real question is to put aside the fears associated with AI and focus on how to get the best out of it for everyone,” the IMF chief stressed.

“We desperately need” elements capable of boosting productivity, especially in a context of slowing global growth.

“AI can be scary, but it can be a great opportunity for everyone,” concludes Kristalina Georgieva.