Millions of jobs at risk from AI ‘revolution’ – study

Lazy eyes listen


The “revolution” in artificial intelligence (AI) might imperil more than a quarter of jobs in the 38-member Organization for Economic Cooperation and Development (OECD), according to a research released this week.

Jobs that could be replaced by AI account for 27% of the labor force in OECD countries, with Eastern European countries most vulnerable to automation, according to the Paris-based organization’s 2023 Employment Outlook.

The OECD is a 38-member organization comprised primarily of wealthier nations but also includes growing economies such as Mexico and Estonia.

Despite the fact that there are few evidence that AI will cause considerable disruption in the labor market, many jobs are already at risk because the “revolution” is still in its early stages, according to the OECD.

Positions that could be supplanted by automation used more than 25 of the 100 skills and competencies that AI could replace.

“How AI ultimately impacts workers in the workplace, and whether the benefits outweigh the risks, will depend on the policy actions we take,” OECD Secretary General Mathias Cormann was reported as saying by Reuters.

“Governments must assist workers in preparing for the changes and capitalizing on the opportunities that AI will bring,” he added.

Goldman Sachs forecast in March that generative AI, such as ChatGPT, may replace up to 300 million full-time jobs globally. The technology, which can generate new material on its own, is “a major advancement with potentially large macroeconomic effects,” according to the investment bank.

According to Goldman Sachs, around two-thirds of occupations in the US and Europe are vulnerable to “some degree of AI automation,” and generative AI might be used to replace a quarter of present jobs.