AI could replace or eliminate 40% of jobs and reduce the demand for new hires. At the same time, it supports global growth at a rate of 3%.
Artificial intelligence is driving global economic growth, but at the same time, it could change the nature of 40% of the world’s jobs and reduce demand for entry-level workers. This was stated by Kristalina Georgieva, Managing Director of the International Monetary Fund, during a speech in Bangkok, according to UNN, citing Reuters.
“Artificial intelligence—love it or hate it, it’s already here. It is precisely this shift into high gear that is allowing the global economy to grow at a rate of about 3 percent—despite the fact that we are being held back by the shock caused by disruptions in energy supplies.” – Kristalina Georgieva.
Georgieva added that the boom in investment in artificial intelligence, which has already caused a “demand shock and an investment shock,” could accelerate economic growth by 0.5–1.0% in developed Asian countries and by 0.2–0.8% in developing Asian countries.
At the same time, she said, over time, artificial intelligence could lead to 40% of jobs being augmented with new functions, devalued, or eliminated altogether.
“This is a technology that is fundamentally changing everything. It is completely transforming the way we work and live,” she said, noting that she now receives a 30-second message from her AI assistant every day about her schedule.
A previous study showed that 10% of jobs in the U.S. already required skills in working with artificial intelligence.
While the number of routine jobs is declining, the number of low-wage jobs is increasing in two sectors with low wage levels: construction and data center services.
It is noted that in July, the IMF projected global economic growth of 3% for 2026. On Tuesday, the Fund will release an updated forecast.
