World Job Market on Brink of 'AI Revolution': OECD
The world's job market is on the brink of an "AI revolution," according to a new report by the Organisation for Economic Co-operation and Development (OECD). The report, titled "The Future of Work: Jobs and Skills in the Fourth Industrial Revolution," found that artificial intelligence (AI) has the potential to automate a significant number of jobs in the coming years.
The report found that 27% of jobs in OECD countries are at high risk of automation, meaning that they could be done by machines within the next 10-20 years. These jobs include many low-skilled and routine jobs, such as customer service, data entry, and manufacturing. However, the report also found that AI has the potential to create new jobs, such as data scientists, AI engineers, and customer service representatives who can interact with AI-powered chatbots.
The report's authors warned that the AI revolution could have a significant impact on inequality, as those with the skills to work in AI-related jobs are likely to be the ones who benefit the most. They also warned that governments need to take steps to prepare for the AI revolution, such as investing in education and training, and developing policies to help workers who are displaced by AI.
"The AI revolution is coming, and it will have a profound impact on the world of work," said OECD Secretary-General Angel Gurría. "We need to be prepared for this change, and we need to make sure that everyone has the skills they need to succeed in the new economy."
The report's findings have been echoed by other experts, who have warned that the AI revolution could lead to mass unemployment. However, some experts have argued that the AI revolution will create more jobs than it destroys, and that the overall impact on the job market will be positive.
Only time will tell what the true impact of AI will be on the job market. However, the OECD's report is a wake-up call for governments and businesses, who need to start preparing for the AI revolution now.
Here are some additional details from the report:
- The report found that AI could boost global GDP by up to 10% by 2030.
- The report also found that AI could create up to 95 million new jobs by 2030.
- However, the report also found that AI could displace up to 800 million jobs by 2030.
- The report's authors warned that the AI revolution could lead to increased inequality, as those with the skills to work in AI-related jobs are likely to be the ones who benefit the most.
The report's recommendations include:
- Investing in education and training to help workers develop the skills they need for the AI-enabled economy.
- Developing policies to help workers who are displaced by AI, such as retraining programs and unemployment benefits.
- Ensuring that AI is used in a responsible and ethical way, so that it does not lead to discrimination or other negative consequences.
The OECD's report is a timely warning about the potential impact of AI on the job market. Governments and businesses need to start preparing for the AI revolution now, so that they can ensure that everyone benefits from this new technology.