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Does AI lead to more unemployment? The IMF says "it is complicated"
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In this episode, we dive into the profound impact of artificial intelligence (AI) on the global economy and labor markets, inspired by a pivotal study from the International Monetary Fund (IMF).
The episode opens with a stark statistic: nearly 40% of jobs globally are at risk due to AI advancements. While advanced economies might be better positioned to harness the benefits of AI, emerging markets face a tougher challenge, potentially widening economic disparities both between and within nations.
We discuss how AI may amplify inequalities, particularly affecting women and highly educated workers who face both increased risks and opportunities. The episode also highlights a shift from previous automation trends, with AI poised to displace workers across all income levels, not just those in middle-skilled jobs. This could lead to disproportionate earnings growth for high-income workers, further exacerbating labor income inequality.
This episode is based on the IMF report from 2024 by Cazzaniga and others. 2024. “Gen-AI: Artificial Intelligence and the Future of Work.” IMF Staff Discussion Note SDN2024/001, International Monetary Fund, Washington, DC. It can be found here.
Disclaimer: This podcast is generated by Roger Basler de Roca (contact) by the use of AI. The voices are artificially generated and the discussion is based on public research data. I do not claim any ownership of the presented material as it is for education purpose only.
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