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Marketplace All-in-One

AI could affect 40% of jobs

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 15 January 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

From the BBC World Service: The International Monetary Fund predicts that artificial intelligence is likely to cause disruptions for jobs across the globe — but it won’t have an even effect on workers and global economies. Then, two British brothers are on trial in Switzerland for stealing Ming Dynasty porcelain worth nearly $3.7 million. And the soccer tournament, the Africa Cup of Nations, has kicked off in the Ivory Coast.

Transcript

Click on a timestamp to play from that location

0:00.0

Could AI unplug

0:02.8

Global Jobs?

0:04.0

Hello and you're listening to the Marketplace Morning Report live from the BBC World Service

0:08.6

I'm Leanna Byrne and a very good Monday morning to you.

0:11.4

A report from the International Monetary Fund

0:13.6

says that in the future about four and ten jobs around the world could be

0:17.4

affected by artificial intelligence. It says advanced economies could be hit the

0:22.3

hardest.

0:23.0

The BBC's tech reporter Chris Valence can tell us more.

0:25.3

Hi Chris.

0:26.3

Hi there.

0:27.3

So when we say it's going to affect 40% of jobs, what does the IMF mean there? It's an open question whether that means jobs are going to be automated away or if in some cases

0:39.3

maybe AI will be a useful partner in work but they certainly say it's going to cause

0:45.1

disruption it could certainly cause worsening inequality according to the

0:50.2

report and it won't have an even effect between different types of

0:54.4

economy and different types of countries. So in advanced economies 60% of jobs

0:59.6

could be affected in low-income countries that number falls down to 26%.

1:06.1

Going back to that inequality point is that how that difference between how AI is going to work

1:11.8

in different economies?

1:14.0

Well, I think they said that older workers might be particularly disadvantaged

1:19.0

because they are less likely to be able to adapt, the argument I mean you know as an older person

1:25.0

perhaps I might sort of say well you know old dogs can learn new tricks but you're not that

...

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