{"id":12939,"date":"2024-06-17T20:08:26","date_gmt":"2024-06-17T20:08:26","guid":{"rendered":"https:\/\/dailyai.com\/?p=12939"},"modified":"2024-06-17T20:13:09","modified_gmt":"2024-06-17T20:13:09","slug":"imf-report-ai-will-displace-jobs-but-drive-productivity-if-controlled","status":"publish","type":"post","link":"https:\/\/dailyai.com\/it\/2024\/06\/imf-report-ai-will-displace-jobs-but-drive-productivity-if-controlled\/","title":{"rendered":"Rapporto del FMI: L'Intelligenza Artificiale sostituir\u00e0 i posti di lavoro ma favorir\u00e0 la produttivit\u00e0 se controllata"},"content":{"rendered":"<p><strong>The International Monetary Fund (IMF) has warned that AI could lead to massive job losses, widen inequality, and destabilize societies if governments fail to take proactive measures.<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">In a <\/span><a href=\"https:\/\/www.imf.org\/en\/Publications\/Staff-Discussion-Notes\/Issues\/2024\/06\/11\/Broadening-the-Gains-from-Generative-AI-The-Role-of-Fiscal-Policies-549639\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">comprehensive report<\/span><\/a><span style=\"font-weight: 400;\"> published today, the IMF outlined the massive potential of generative AI to propel productivity and transform the delivery of public services.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the organization also expressed &#8220;profound concerns&#8221; about the technology&#8217;s capacity to disrupt labor markets and exacerbate income and wealth disparities on an unprecedented scale.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Era Dabla-Norris, deputy director of the IMF&#8217;s fiscal affairs department and co-author of the report, explained the need for policies that ensure the benefits of AI are widely shared while creating opportunities for workers whose jobs may be displaced by the technology.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;We want people to be able to benefit more broadly from the potential that this technology holds and we want to ensure that there are opportunities created for people,&#8221; Dabla-Norris said.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So what suggestions did the IMF propose? <\/span><span style=\"font-weight: 400;\">Let\u2019s pick out a few themes from the 40+ page report.\u00a0<\/span><\/p>\n<h2>A threat to high-skilled jobs<\/h2>\n<p><span style=\"font-weight: 400;\">One of the most striking aspects of the IMF&#8217;s warning is the recognition that, unlike previous waves of automation that primarily impacted blue-collar and lower-skilled workers, generative AI poses a threat to higher-skilled and white-collar occupations.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The report notes that AI&#8217;s ability to generate human-like text, images, and code could render many cognitive tasks performed by professionals such as writers, designers, and programmers obsolete.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This could lead to widespread job losses and a hollowing out of the middle class, with far-reaching implications for social stability and economic growth.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We\u2019ve seen some <\/span><a href=\"https:\/\/dailyai.com\/2023\/11\/hollywood-actors-strike-ends-with-a-deal-expected-imminently\/\"><span style=\"font-weight: 400;\">evidence of this in Hollywood<\/span><\/a><span style=\"font-weight: 400;\">, where AI has threatened to uproot highly skilled jobs in TV and film, from acting to animation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Consider this: AI can write a novel, compose a piece of music, generate a video, or create an image that wins an art competition but can\u2019t yet properly drive a car.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, while low-skilled jobs are certainly at massive risk \u2013 and are already being replaced <a href=\"https:\/\/dailyai.com\/2023\/07\/ceo-replaces-90-of-customer-support-staff-with-a-chatbot\/\">en masse in some sectors<\/a> \u2013 those in highly skilled jobs shouldn\u2019t get too comfortable either.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The report notes, &#8220;Evidence suggests that while earlier automation waves displaced mostly blue-collar (lower-skilled) workers, white-collar (high-skilled) workers are most exposed to AI.&#8221;<\/span><\/p>\n<h2>Preparing for the AI age<\/h2>\n<p><span style=\"font-weight: 400;\">To mitigate generative AI&#8217;s disruptive impact and ensure its benefits are broadly shared, the IMF recommends overhauling education and training systems to equip workers with the skills needed to thrive in an AI-driven economy.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The report calls for a greater emphasis on lifelong learning, with governments and businesses investing in sector-based training, apprenticeships, and reskilling programs to help workers transition to new tasks and industries.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Other studies say there&#8217;s time to react, with <\/span><a href=\"https:\/\/dailyai.com\/2024\/01\/the-rise-of-ai-in-the-workplace-insights-from-a-new-mit-study\/\"><span style=\"font-weight: 400;\"><span class=\"noTranslate\"><span class=\"noTranslate\"><span class=\"noTranslate\"><span class=\"noTranslate\"><span class=\"noTranslate\"><span class=\"noTranslate\">MIT<\/span><\/span><\/span><\/span><\/span><\/span> recently predicting that<\/span><\/a><span style=\"font-weight: 400;\"> \u201cAI job displacement will be substantial, but also gradual\u2014and therefore there is room for [government] policy and retraining to mitigate unemployment impacts.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Among fiscal strategies, the IMF report advocates for strengthening social safety nets, including unemployment insurance, to provide a lifeline for those facing job losses due to AI disruption.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;You want to be able to cushion this costly transition and maintain social cohesion in societies,&#8221; Dabla-Norris explained.<\/span><\/p>\n<h2>Taxing AI gains<\/h2>\n<p><span style=\"font-weight: 400;\">The IMF report also grapples with the potential for generative AI to concentrate wealth in the hands of a few dominant firms, exacerbating inequality and undermining competition.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The IMF warns that as AI technologies become more sophisticated and widely adopted, they could give rise to &#8220;winner-take-all&#8221; markets, where a small number of companies with access to vast amounts of data and computing power reap outsized rewards.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Centralization of AI power and wealth is a hot topic in the AI industry, though blockchain technology and open-source AI could mitigate it. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In an interview with DailyAI, David Palmer, CPO at PairPoint by Vodafone, <a href=\"https:\/\/dailyai.com\/2024\/05\/interview-david-palmer-cpo-of-pairpoint-by-vodafone-and-web3-asia-alliance-board-member\/\">explained<\/a>, \u201cBlockchain becomes highly relevant in this context. Blockchain can provide the decentralized infrastructure necessary to support and facilitate edge computing for AI. By leveraging blockchain\u2019s distributed nature, we can create secure and efficient systems for AI processing that extend beyond the limitations of centralized data centers.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The IMF proposes increasing taxes on capital gains, profits, and corporate income to counter this trend and ensure that the gains from AI are more evenly distributed.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It suggests that governments adopt an &#8220;agile&#8221; approach to policymaking, remaining flexible and prepared for highly disruptive scenarios as the AI landscape evolves.<\/span><\/p>\n<h2>A global challenge<\/h2>\n<p><span style=\"font-weight: 400;\">The IMF&#8217;s warning comes amid growing calls for international cooperation and regulation to address the challenges posed by generative AI.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The European Union recently agreed on the <\/span><a href=\"https:\/\/dailyai.com\/2024\/03\/the-eu-ai-act-passed-in-a-landslide-and-will-come-into-force-this-year\/\"><span style=\"font-weight: 400;\">landmark AI Act<\/span><\/a><span style=\"font-weight: 400;\">, the first legislation of its kind to target the risks associated with the technology. The act includes provisions for a potential ban on AI applications deemed to pose unacceptable risks to the safety, livelihoods, and rights of EU citizens.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Dabla-Norris stressed the importance of global collaboration in navigating the AI revolution, given the technology&#8217;s capacity to transcend borders and reshape economies worldwide.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;Because of the global reach of AI, it&#8217;ll be really important more than ever for countries to work together,&#8221; she said.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The IMF&#8217;s report adds to a growing body of research and analysis highlighting the potential dangers of unchecked AI development.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In January, the organization estimated that AI could <\/span><a href=\"https:\/\/dailyai.com\/2024\/01\/imf-ai-to-impact-some-40-of-jobs-worldwide-with-mixed-consequences\/\"><span style=\"font-weight: 400;\">affect nearly 40% of jobs globally<\/span><\/a><span style=\"font-weight: 400;\">. Reports from other organizations, such as Goldman Sachs and <\/span><a href=\"https:\/\/dailyai.com\/2023\/06\/mckinsey-releases-special-report-on-generative-ai-these-are-the-key-findings\/\"><span style=\"font-weight: 400;\">McKinsey<\/span><\/a><span style=\"font-weight: 400;\">, predict that despite AI uprooting jobs, it will contribute positively to global GDP.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">AI is certainly fueling tech stocks, with companies like NVIDIA <\/span><a href=\"https:\/\/dailyai.com\/2024\/06\/nvidia-blackwell-by-the-numbers-the-potential-impact-of-nvidias-new-ai-superchip\/\"><span style=\"font-weight: 400;\">rocketing in value as demand<\/span><\/a><span style=\"font-weight: 400;\"> for the hardware required to train and deploy AI soars.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The path forward may be challenging, but the stakes are high.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As the IMF&#8217;s report makes clear, the decisions we make today about managing the rise of generative AI will shape the contours of our economy and society for generations to come.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are plenty of sound recommendations on the table. Implementing ideas will put practice to theory.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Il Fondo Monetario Internazionale (FMI) ha avvertito che l'IA potrebbe portare a massicce perdite di posti di lavoro, ampliare le disuguaglianze e destabilizzare le societ\u00e0 se i governi non adotteranno misure proattive. In un rapporto completo pubblicato oggi, il FMI ha sottolineato l'enorme potenziale dell'IA generativa per spingere la produttivit\u00e0 e trasformare l'erogazione dei servizi pubblici.  Tuttavia, l'organizzazione ha anche espresso \"profonde preoccupazioni\" sulla capacit\u00e0 della tecnologia di sconvolgere i mercati del lavoro e di esacerbare le disparit\u00e0 di reddito e di ricchezza su una scala senza precedenti. Era Dabla-Norris, vicedirettore del dipartimento Affari fiscali del FMI e coautrice del rapporto, ha spiegato la necessit\u00e0 di politiche che garantiscano la<\/p>","protected":false},"author":2,"featured_media":12941,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[88],"tags":[521],"class_list":["post-12939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethics","tag-imf"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IMF report: AI will displace jobs but drive productivity if controlled | DailyAI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailyai.com\/it\/2024\/06\/imf-report-ai-will-displace-jobs-but-drive-productivity-if-controlled\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF report: AI will displace jobs but drive productivity if controlled | DailyAI\" \/>\n<meta property=\"og:description\" content=\"The International Monetary Fund (IMF) has warned that AI could lead to massive job losses, widen inequality, and destabilize societies if governments fail to take proactive measures. In a comprehensive report published today, the IMF outlined the massive potential of generative AI to propel productivity and transform the delivery of public services.\u00a0 However, the organization also expressed &#8220;profound concerns&#8221; about the technology&#8217;s capacity to disrupt labor markets and exacerbate income and wealth disparities on an unprecedented scale. 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When he\u2019s not writing, he can be found reading medical journals or digging through boxes of vinyl records.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/sam-jeans-6746b9142\\\/\"],\"url\":\"https:\\\/\\\/dailyai.com\\\/it\\\/author\\\/samjeans\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Rapporto del FMI: L'Intelligenza Artificiale sostituir\u00e0 i posti di lavoro ma favorir\u00e0 la produttivit\u00e0 se controllata | DailyAI","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dailyai.com\/it\/2024\/06\/imf-report-ai-will-displace-jobs-but-drive-productivity-if-controlled\/","og_locale":"it_IT","og_type":"article","og_title":"IMF report: AI will displace jobs but drive productivity if controlled | DailyAI","og_description":"The International Monetary Fund (IMF) has warned that AI could lead to massive job losses, widen inequality, and destabilize societies if governments fail to take proactive measures. 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