The Director of the International Monetary Fund, Kristalina Georgieva, stated that artificial intelligence is rapidly penetrating the global labor market. According to her, changes could affect up to 60% of jobs in developed economies. She made this announcement at the G20 summit in the Republic of South Africa.
Scope of Impact
Georgieva compared the spread of AI to a tsunami that is engulfing the labor market. In developed countries, up to 60% of jobs will be impacted by these changes, in emerging markets about 40%, and in low-income countries, 26%.
"We must be aware that artificial intelligence is penetrating our lives at an extraordinary speed. And not all countries are prepared for this."
– noted the IMF director.
Economic Potential
The Fund believes that AI could become a driver of the economy, adding about 1 percentage point to global growth. Georgieva highlighted that the global economy is performing better than expected after the shocks of recent years – the COVID pandemic, wars, and trade tensions.
Recommendations for Governments
The IMF director urged governments to invest in digital systems and education. She emphasized the need to establish rules that promote innovation but do not favor machines over people.
Context
In July 2024, Microsoft Research published a list of 40 professions that intersect the most with the capabilities of generative artificial intelligence. The list included translators, marketers, web developers, journalists, and models.
