AI likely to augment rather than destroy jobs: UN study

Aug 23, 2023, 6:35 AM
AI likely to augment rather than destroy jobs: UN study

Geneva, Switzerland (August 23) - Artificial intelligence is more likely to augment jobs than to destroy them, a UN study indicated on Monday, at a time of growing anxiety over the potential impact of the technology.

The launch in November of the generative AI platform ChatGPT, which is capable of handling complex tasks on command, was seen as a tech landmark foreshadowing a potentially dramatic transformation of the workplace.

But a fresh study from the United Nations' International Labor Organization (ILO) examining the potential effect of that and other platforms on job quantity and quality suggests that most jobs and industries are only partially exposed to automation.

Most are "more likely to be complemented rather than substituted by the latest wave of Generative AI, such as ChatGPT," the ILO said.

"Therefore, the greatest impact of this technology is likely to not be job destruction but rather the potential changes to the quality of jobs, notably work intensity and autonomy."

The study meanwhile highlighted that the effects of technology would vary greatly between professions and regions, while it warned women were more likely than men to see their jobs affected.

It found that clerical work was the category of jobs with the greatest technological exposure, with nearly a quarter of tasks considered highly exposed and more than half of tasks having medium-level exposure.

In other occupational groups, including managers and technicians, only a small share of tasks was found to be highly exposed, while around a quarter had medium exposure levels, the ILO said.

The analysis meanwhile indicated that higher-income countries would experience the greatest effects from automation due to the important share of clerical and para-professional jobs in the job distribution there.

It found that a full 5.5% of total employment in high-income countries was potentially exposed to the automating effects of generative AI, whereas only 0.4% of employment in low-income countries was.

At the same time, the study found that the share of employment potentially affected by automation was more than twice as high for women as for men, due to women's overrepresentation in clerical work, especially in high and middle-income countries.

While Monday's report showed significant differences in the potential impact on AI-generated job losses between wealthy and poorer countries, it found that the potential for augmentation was nearly equal across countries.

This suggests that "with the right policies in place, this new wave of technological transformation could offer important benefits for developing countries," the ILO said.

It cautioned though that while augmentation could indicate positive developments, like automating routine tasks to free up time for more engaging work, "it can also be implemented in a way that limits workers' agency or accelerates work intensity."

Countries should therefore design policies to support an "orderly, fair and consultative" shift, the report authors said, stressing that "outcomes of the technological transition are not pre-determined."

This story was produced by AFP.

Comments

Read More

Latest News

Star Medical to host free pre-pregnancy session for couples

Star Medical will host a free pre-pregnancy awareness session for couples on September 24 at 8:45 pm. Led by experienced nurses, the event offers guidance on healthy conception and a Q&A segment. Interested couples can register by contacting the clinic directly.

Businesses face challenges in securing dollar support from BML

Bank of Maldives has notified businesses that dollar support for transfers is now strictly subject to availability. Importers face automatic cancellations if accounts lack full invoice amounts, as the bank struggles with a severe foreign exchange shortage. Business owners report receiving zero support and no prior notice of these changes.

Dollar transfers will return to normal within next week: BML

Bank of Maldives expects dollar transfer services to return to normal next week following recent delays caused by a surge in demand. The bank implemented measures to manage unsustainable outflows from Rufiyaa accounts, noting that the issue is a temporary supply imbalance and not a reflection of its overall financial health.

BML denies funding $50 million debt repayment to SBI

Bank of Maldives denied claims that it provided $50 million to the government for debt repayment to the State Bank of India. The bank clarified that no customer deposits or internal resources were used for the payment. BML maintained its financial stability despite ongoing dollar liquidity challenges and warned against spreading misinformation.

Exclusive: Maldives sought extension on $50M India debt

The Maldives government requested a further extension to repay a final $50 million debt installment to India, but the request was denied. Despite the refusal, the Maldives settled the payment last week using its Sovereign Development Fund. This follows previous rollovers and a $50 million grant provided by India earlier this year.

Businesses allege BML is blocking USD transfers

Business owners are accusing the Bank of Maldives of blocking USD transfers to other banks amid a liquidity crisis. Despite having sufficient funds, traders report significant delays in processing payments and transfers via the MRTGS system. BML cited a backlog, reportedly prioritizing essential imports like food and medicine.

Government settles final $50 million debt to SBI

The government has fully repaid a $150 million debt to the State Bank of India, settling the final $50 million installment this month. The debt, originally incurred in 2019, was cleared in three stages under the current administration. This payment is part of a broader $2.3 billion effort to service foreign debt over the last two years.

Newsletter

Get the latest news delivered straight to your inbox