Feb 20 โ€ข 07:05 UTC ๐Ÿ‡ฎ๐Ÿ‡ณ India Aaj Tak (Hindi)

What is the impact of AI on jobs? IMF chief said - positive, but...

IMF Chief Kristalina Georgieva discussed the effects of artificial intelligence (AI) on the job market, stating that while the impact has been largely positive overall, it poses risks to middle-class jobs and entry-level positions.

In an exclusive interview with India Today, Kristalina Georgieva, the Chief of the International Monetary Fund (IMF), addressed the evolving impact of artificial intelligence (AI) on the global job market. She indicated that AI is already reshaping employment dynamics and its effects are more significant than initially anticipated. Current research suggests that the overall impact of AI has been positive for job creation across various countries; however, Georgieva highlighted that access to these benefits is not equitable for all segments of the population.

Georgieva warned that while AI can energize the global economy, caution is essential to avoid adverse effects on mid-level employment. She pointed out that automation technologies threaten entry-level positions more significantly, raising concerns among recent graduates seeking employment opportunities. The disparities in job availability point to a growing divide wherein not all workers are experiencing the benefits of technological advancements equally, necessitating a careful approach to AI integration in various industries.

The IMF Chief emphasizes the need for frameworks that not only support innovation but also protect vulnerable employment sectors. Georgieva's remarks serve as a call for policymakers and business leaders to prioritize inclusive strategies that ensure AI's advantages are shared fairly, particularly among those who may be disproportionately affected by automation and job transformations.

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