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Home Technology Artificial Intelligence

AI’s Impact on Employment: Governments’ Strategies

A study by Oliver Wyman highlights the need to address unemployment and wage gaps. Collaboration and financial stability are essential for success.

by Lilu Anderson
Fri, Feb 9, 2024 8:10pm
in Artificial Intelligence
• 2 mins read
13.9k
AI's Impact on Employment: Governments' Strategies | FinOracle

Photo: Finoracle.net

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The Future of the Labor Market

The labor market is poised for significant changes in the coming years, driven by the rapid advancement of artificial intelligence (AI) and its impact on all sectors of the economy. Technological progress has historically had both positive and negative effects on employment, but the immediate and widespread influence of AI is expected to accelerate the need for adaptation. A paradigm shift is on the horizon, and those who are unable to adapt in time risk being left behind. Governments have the responsibility to prevent this by analyzing the current situation, reviewing statistical sources, and collaborating with the private sector for the common good.

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Tags: AIARArtificial IntelligenceBusinessCESCommon goodDemandEmotionEmploymentGovernmentInstitute for the FutureIntelManagingMarketOliver WymanOpportunitiesPandemicParadigmParadigm shiftPotentialPrivate sectorRemote workSECSkillUnemploymentUS
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