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Reading: The paper cautions that artificial intelligence ‘risks up to eight million job losses in the UK, with low-skilled workers most hit’.
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Baner Club > Blog > Technology > The paper cautions that artificial intelligence ‘risks up to eight million job losses in the UK, with low-skilled workers most hit’.
Technology

The paper cautions that artificial intelligence ‘risks up to eight million job losses in the UK, with low-skilled workers most hit’.

A report warning that the low-skilled would be severely affected by the rise of artificial intelligence (AI) put up to eight million jobs in the UK at danger.

Last updated: 2024/03/27 at 9:19 AM
Published March 27, 2024
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According to the Institute for Public Policy Research (IPPR), 11% of labor-intensive tasks are currently subject to the effects of generative AI.
The disrupting of back office, entry-level, and part-time jobs during the so-called first wave was most likely to affect women and young people, the report said.

However, their analysis revealed that, in the absence of government involvement, up to 59% of tasks would be affected as more firms incorporate AI technology into their work processes, leaving the most unskilled workers vulnerable.

The analysis stated that the amount corresponded to 7.9 million jobs and that the GDP would not benefit from such a change.

That was referred to by the writers as the “worst-case scenario.”.

However, they painted a more optimistic picture of what would happen to the population and the economy if the transition was skillfully managed by an industrial policy that prioritized regulation to protect fundamental human needs and sought to encourage investment, particularly in training.

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BanerClub March 27, 2024 March 27, 2024
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