nearly 8 million jobs threatened by artificial intelligence without government action, study finds

ONE “Revelation” for artificial intelligence (AI) jobs in the UK. That's according to a study by the Institute for Public Policy Research (IPPR), published this Wednesday. In a worst-case scenario, up to 7.9 million jobs could eventually disappear and be replaced by algorithms. This applies to both low- and high-skilled jobs, ranging from secretarial work to data management or graphics.

“Genetic AI could lead to massive disruptions in the labor market or, conversely, stimulate economic growth.” argues IPPR economist Carsten Jung.

“Investing in AI means investing in growth” (Anne Bouverot and Philippe Aghion)

Measures to avoid the worst

As the study points out, this disaster is preventable. Tax measures could indeed encourage the enrichment of jobs with new functions, some of which are automated. If the UK government introduced protectionist measures, positions would rise to some extent, which would not lead to job losses, according to the IPPR.

The icing on the cake: this would also generate 13% GDP growth, boosting productivity. In contrast, the most job-destroying scenario would not lead to an increase in GDP, the study projects. Another driver of growth so that fewer jobs are affected: favor those who are invited “greens” which are, according to the IPPR, less exposed to automation.

The process has already started

However, according to the report, 11% of jobs are already exposed to a first wave of automation. This threatens part-time, entry-level positions in the company. Positions occupied mainly by young people and/or women. Therefore, those in data management, planning, inventory management, consumer service or administration are particularly threatened by this first phase.

During a second wave, where AI would be incorporated into increasingly sophisticated occupations, the study estimates that 59% of “cognitive” jobs could be affected, which would involve higher paying jobs (e.g. .creating databases or graphics).

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Not everything should be thrown away

However, the study does not only find bad sides of artificial intelligence. According to its authors, the development of artificial intelligence can, for example, help alleviate shortages in social services by allocating workers to social assistance and mental health care instead of employing them in administrative tasks.

An observation shared across the Channel, as in France. The report of the interministerial committee on genetic artificial intelligence, presented in mid-March, shows that the number of jobs that can be improved by artificial intelligence (13.4%) is much higher than those that can be improved. Replacement by AI (5.1%) . Its authors also estimate that genetic artificial intelligence will help create more jobs than it will destroy, and that 5% of French jobs can be directly replaced by algorithms. Therefore, the report recommends that the French government invest five billion euros of public money per year in favor of artificial intelligence.

However, for now, the potential of AI still raises serious concerns around the world. Due to the risks posed by this new technique in terms of employment, but also intellectual property or fraud, in mid-2024 many elections will be held. So much so that major powers are trying to regulate it, such as the European Union or the United States.

(With AFP)

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