According to the IMF, Artificial Intelligence will impact 40% of jobs around the world

| January 20, 2024

This trend does not appear to be “improving” for those who do not intend to rely on Artificial Intelligence (AI). One concept that this assessment forwarded suggested the worsening of overall equity. Kristalina Georgieva, IMF chief, calls for addressing this issue to mitigate the possibility that increased AI use may contribute to social tensions.

From CNBC:

The Washington, D.C.-based institution on Sunday assessed the potential impact of AI on the global labor market and found that, in most cases, the technology is likely to worsen overall inequality.

IMF chief Kristalina Georgieva urged policymakers to tackle this “troubling trend” and to proactively take steps “to prevent the technology from further stoking social tensions.”

“We are on the brink of a technological revolution that could jumpstart productivity, boost global growth and raise incomes around the world. Yet it could also replace jobs and deepen inequality,” Georgieva said.

The IMF noted that about 60% of jobs could be impacted by AI in high-income nations, and roughly half of these may benefit from AI integration to boost productivity.

Comparatively, AI exposure was estimated to come in at 40% in emerging markets and at 26% in low-income countries, respectively.

CNBC provides additional information on the story.

Category: Artificial Intelligence, Society

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5JC

More like 100%.

Anonymous

Learn to use AI, folks.

STSC(SW/SS)

AI doing everyday book keeping
AI running machines to build cars and other machinery
AI farming and machines picking the crops
AI from birth to death
Maybe no more humans because they all have been replaced by machines

Arms and legs got nothing to do
A machine is doing that for you
oh a woah

In the year 2525
Zager and Evans

fm2176

I could see it working like this:

  • Minimum wage increases exponentially for large companies (maybe even to the $30/hr. mark); however, traditionally entry-level jobs and lower-paying ones are replaced by AI-controlled automated systems. We’ve already been groomed over the years to use self-service kiosks and self-checkouts. Small businesses can submit a waiver if they can prove they are unable to automate, allowing an alternate minimum wage.
  • Fast-food establishments, convenience store chains, and so on will go fully automated, keeping at most two employees per shift–a manager and a technician/programmer to work on any issues with the system. The latter can even be remote in today’s world, leaving one $30/hr. employee in the store instead of 5-10 making $10+/hr. apiece.
  • Those lacking the job skills to gain good employment will subsist on a “generous” government program funded by higher taxes from those businesses that are paying much less payroll. Combine what amounts to welfare and food stamps, subsidized apartments, and free health care, plus the other catchwords used by socialistic politicians.

In other words, you can either learn to work with AI and make $30+ hr., work for a small shop or what have you, making $20+/hr., or get $20k/yr. along with some free stuff.

fm2176

I forgot to bring up, the local Circle K’s already have at least two automatic scanners. You put your items on them, it scans everything, and there’s usually maybe two-three employees there, a manager, someone working the front for alcohol, tobacco, and such, and sometimes a stocker.

It’s easy to think worst case, but as I was typing the above, I realized that I, for one, prefer self-checkout and sales kiosks. I also reflected on the last time I went inside of a bank. I went once a couple of months ago to make a large withdrawal, but generally I’ll plan it out and just take the max out of the ATM for a few days. I’m sure when ATMs started becoming common, bank tellers were fretting about being replaced.

Given enough time, retailers will likely embrace the concept of fully automated locations. Things may go back to the old general store concept, when you went to the counter and gave a list to an employee. Only now, you’ll have a screen to input stuff on, and a robot to gather it while you sit in your self-driving taxi.

rgr769

Riddle me this: How are they going to run a Walmart with 3 or 4 employees when most of the merchandise locked up in cases to prevent the rampant shoplifting with no adverse consequences?

Maybe they will have robots to unlock the cases and remove the merchandise for customers.

fm2176

Those are my thoughts. That’s why I used the much smaller fast food and convenience store example. Any big box would need more than a handful of employees working at any given time. But take us back to pre-1916, when Piggly Wiggly brought self-service. Only instead of a handwritten list and actual people, you’ll do everything electronically. They’re already trying to push people out of the stores around here, having redesigned their parking lots and with 20+ Online Pickup spots. It’s not hard to imagine robots doing the order picking and bringing the items out.

They might also go to a hybrid concept. Remember the catalog showrooms like Best and Service Merchandise? Imagine big box stores with display rooms full of fake displays. Couple that with a condensed pharmacy and apparel department, and a separated and highly monitored grocery section, with more commonly stolen products locked up. One associate on the floor per department, with maybe 3-4 assisting customers in grocery. Everything else automated. Like that jacket? Guess your size, take it to the dressing rooms located right next to SkyNet Asset Protection Services, and make sure it’s either purchased or turned back into Mr. Robot.

My mind goes weird places sometimes. Okay, quite often.

rgr769

Maybe they can arm the robots. A shoplifter can’t effectively argue with an armed robot. Especially if it is programmed to shoot shoplifters before they can clear the parking lot. And then think of all the lawers litigating the woundings and wrongful death claims. We could increase the number of ambulance chasers by a factor of then. Full employment for litigators.

fm2176

I vote a variety of designs:

S.A.I.N.T. as the go-getters, able to retrieve what shoppers need while also having a little surprise for shoplifters. Johnny 5 can be the door greeter.

ED-209s guarding the entrances.

T-800s as in-store Asset Protection, with T-1000s in the parking lot to terminate any accessories (getaway drivers, etc.).

Finally, since I’m in a sleep-deprived state, why not C-3PO clones as translators, with perhaps B-9 units (Lost in Space) controlling the stores’ systems, and XB-500s (like Rosie from The Jetsons) running housekeeping and the deli/snack bar?

rgr769

That should “a factor of ten.” Eff Apple and its damned auto correct.”

Blaster

I guess there’s not enough “real” intelligence out there anymore. No wonder artificial intelligence is moving along so fast.

Slow Joe

I think the most likely scenario is that biological and artificial intelligence will eventually become mixed.
If they manage to make it small enough, in the nanoscale, I can see people in the future having non-intrusive nano wifi networks connecting their minds directly to whatever replaces the internet. People are going to have their personal AI counterparts to help them in whatever they are doing.

Imagine the power the corporations running these AI couches would have. The would know everything, and I mean “everything”, about their clients.

One concern is always hacking, but after thinking about for 3 seconds, I realized that when AIs populate the interwebs, human hackers will be completely out of a job. Only other AIs will be able to hack…which is more scary.

rgr769

That would be OK with me, as long as I get one of those mixed ones that looks like Seven of Nine in “Star Trek Next Generation,” as performed by Jeri Ryan. Boy, could she sport that Borg costume. Who here wouldn’t want to plug in and charge that?

JustALurkinAround

I had a radiochemistry professor that believed humans were an evolutionary intermediary step.

His belief was WE exist as a mechanism to bridge our basic CHON existence and incorporate silica into it.

Maybe this is a step along that path – if that path is what he claimed.

I don’t know.

fm2176

I’ve watched the movie Lucy many times over: Lucy (2014 film) – Wikipedia. The movie has Scarlett Johansson and Morgan Freeman in it, along with some pretty decent action scenes. It does get weird fairly quickly, given its 90-minute run time, but initially it shows the titular character as a very normal young woman put in a bad situation.

Replace the drugs with nanotech, and we augment ourselves into something… else. We will eventually lose our humanity and society will devolve into something that isn’t necessarily good.

.

rgr769

I watched it last night. Quite a clever sci-fi flick. Thanks for the tip.

Wireman611

I’m the guy that fixes the machines. I went from relay logic to PLC to PC I/O. Some of them seem somewhat tempermental. T-3000 here we come.

KoB

Skynet…grins…until that point in time when the “inequity” causes AI to be declared…RAAAAAYYYCCIIIISSSSS!

Top Kone

I expect to see my job made easier by AI.

My civilian job is EMS. No AI is going to pick up the 300+ pound patient with foot and knee pain from their diabetic neuropathy and move them down the stairs to the stretcher.

I expect AI to be integrated into my diagnostic equipment. And assist me with better making differential diagnosis.

I recently saw an AI prototype aimed at gardeners that assesses the area you want to garden, and provide you with information on how to prep the soil and care for the plants that would do best there. Which would knock out county extension jobs.

Second time I’ve edited your name.
AW1

President Elect Toxic Deplorable Racist SAH Neande

AI may eventually fill many jobs, but for now, my kind of job is secure.
I do electronic bench repair and building of utility meter scanners (water, gas, electricity).
Lots of non-assembly line hand assembly, testing, prepping, troubleshooting and repair.
Oh, and some non-engineering product improvements. “This part constantly breaks when used in this application. It would cost too much to get the mold remade. Let’s try this, to fill in the weak area with a simple plumbing goo.”
And so far, it’s worked well.
Let’s see an AI work that one out!