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Jan 15, 2024

IMF: AI Impact on Jobs and Inequality

By: Bhumi Shrivastava

Global Outlook

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AI likely to worsen overall inequality, says IMF.

Inequality Warning

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60% of jobs may be impacted in advanced economies.

Advanced Economies

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AI integration may enhance productivity for some, but displace others.

Benefits and Displacement

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Emerging markets and low-income countries face AI exposure challenges.

Global Disparities

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IMF warns of income and wealth polarization within countries due to AI adoption.

Polarization Risk

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Comprehensive social safety nets and retraining crucial for an inclusive AI transition, urges IMF.

Call for Action

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