Category: widen
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AI-fuelled job automation set to widen inequality in the UK, warns report
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The rapid automation of millions of jobs through artificial intelligence can intensify economic inequality throughout the United Kingdom unless the government retracts with targeted support, according to a new study conducted by the Future Labor Institute (IFOW). The report found for three years that both companies and workers face widespread…
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Generative AI Set to Disrupt Jobs and Widen Inequality, IMF Warns
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The International Monetary Fund (IMF) has issued a stark warning about the profound labor market disruptions and inequality that AI could cause, urging governments to step up economic protectionism to protect their economies. In a recent report, the International Monetary Fund highlighted that advances in artificial intelligence technology could lead…