IMF: AI Could Impact 60% of Advanced Economy Jobs

Impact of AI on Employment: Advanced Economies Most Affected

According to the International Monetary Fund (IMF), the impact of artificial intelligence (AI) on employment will be especially significant in advanced economies. The IMF’s recent blog post states that around 60% of jobs in advanced economies may be impacted by AI. This is primarily because the technology has the potential to affect high-skilled jobs, which are more prevalent in these economies. While some of these jobs may benefit from AI integration, there is a concern that key tasks currently performed by humans may be executed by AI applications, leading to lower labor demand, reduced wages, and even job losses.