Artificial Intelligence or AI will have a major impact on the global job market, according to the United Nations (UN). They say that nearly 40% of jobs worldwide could be affected by AI in the coming years. While there are positive productivity gains, it also comes with risks such as automation and job displacement.
Previously, most technology focused on blue-collar jobs, but now, knowledge-based jobs are the most exposed. This means that advanced economies like the U.S. and Europe could be the most affected. But because they are more ready for new tech, it is also easier for them to adapt compared to developing countries.
The problem, according to UNCTAD, is that AI favors capital over labor. This means that those with capital will benefit more, while the competitive edge of cheap labor in poor countries will be lost. So without fair AI governance, inequality in the world could increase.
The UN is reminding countries that people must be at the center of AI development. international cooperation is needed to create a global framework that is fair for all. It's not enough to just have new tech—it must also be for inclusive growth.
As the value of the AI market increases—which could potentially reach $4.8 trillion by 2033—investment in digital infrastructure, reskilling, and upskilling are essential. If used correctly, AI can create new industries and empower workers, not just eliminate jobs.
