IMF Chief Warns AI will Affect 40% of All Jobs | Job Market Crisis | Vantage with Palki Sharma
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- Опубликовано: 14 май 2024
- IMF Chief Warns AI will Affect 40% of All Jobs | Job Market Crisis | Vantage with Palki Sharma
The chief of the International Monetary Fund has warned that Artificial Intelligence is like a "tsunami" poised to hit the job market in the coming years. She said that AI will affect 60% jobs in developed countries and around 40% jobs in the world. While AI is expected to replace millions of jobs in sectors like coding and tutoring, it will also create up to 97 million new jobs, according to the World Economic Forum. Fears of AI replacing humans have resurfaced after OpenAI and Google unveiled new and powerful models that can boost human productivity. How can you prepare for a world where AI is taking over jobs? Palki Sharma tells you.
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International Monetary Fund | Artificial Intelligence | Job Market Crisis | Firstpost | World News | News Live | Vantage | Palki Sharma | News
#internationalmonetaryfund #artificialintelligence #jobmarketcrisis #firstpost #vantageonfirstpost #palkisharma #worldnews
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2 of my close friends lost their jobs in USA without any hints. They are just locking their laptops one fine day. But company stock price is at life time high. What a world!
MS 💀
That company is Google I guess, I heard about this way of firing people.
AI will eliminate many more jobs than it creates.
That's the whole idea!
AI and its Impact on Society
Oct 31, 2023, updated on April 11, 2024
We must ask ourselves, "What will happen when AI has taken 85% of jobs present in 2020? What will we do? How will we eat and survive without incomes from jobs or other means?" What is disturbing is that while AI is taking these jobs, the gov't and the corporations have not done ANYTHING to prepare us for an AI'ed civilization. They have not said anything about major retraining of an entire economy to something else, and they have not followed up on a discussion of universal basic income. This is supposedly supported by a lack of information in the latest government budgets submitted and approved as reported by some RUclips videos.
It appears that the US gov't and the corporations intend to kill off the majority of Americans passively, through starvation from lack of income to buy food. (check and see if farming production is declining or will start to decline ahead of the "starvation phase") (also check to see if the "makeup" of robot equipment allocation would change to reflect a trend away from retail and services for the masses, possibly indicating an extinction of the American public - this means taking a robot from Chipotle and repurposing it for some other job not related to the public, or scrapping affected robots to be remade for some other purpose that has nothing to do with the public) It appears that the decline of farming has already started with the state of Maine buying farm land under the pretext that there are "forever chemicals" present at around 20 parts per TRILLION (safe level is said to be only 4 parts per TRILLION), which does not make sense, BUT this would rope in a LOT of land across the US. Other states may follow suit in addition to the ten states that have similar laws in place.
This way, there are only enough people alive to get some things done, and the rest is done by AI, and the survivors who planned this can claim the whole country for themselves. Imagine having an estate mansion half the size of a mall on several dozen thousand acres of land, and robots would be used to maintain and clean the estates and do the farming FOR THE ESTATE OWNERS. The White Man's wet dream of civilization. What will the Native Americans south of the US border do when they see this coming, especially when they can buy firearms legally now? Hopi prophecy...
The jobs AI create will also just be temporary, and there will be a lot of data generated from this transitionary period, which will help train AI to no longer need humans for this also. AI will get good eventually at just training itself.
To summerize poor will become poorer , mid will stay mid , rich will get richer
There will be no mid
Not necessarily, trades such as electricians, building works, plumbers etc. make plenty of money. Services r where the money will be as long as ppl r alive.
@@preejuani4836 this can be done by people do. Not in a sense of robot doing the exact work but object are designed in a way that human worker wont be necessary and may be once in a few month or year at best
Nothing like that. Poor remains poor because their minds are not motivated to become rich. And even if poor wants to get rich they dont have the knowledge to get rich.
@@user-bn1bc1fs5n if it was that simple , everyone would be rich by now.
Models,new anchors, photo and video editors, bankers, analyst all jobs would be gone by 2027
I am going to work as onyfans model
Customer service , telecallers too
@@ghosthdel3098 it’s not safe either
@@ghosthdel3098 u do one video after by using ur video it creates 1000
What u will do
@@ghosthdel3098people now like paying for ai naked OF then real women 😂
40 % is an underestimate. It will be more than 70% in the next 10 years
And many of those 40% / 70% will transition their knowledge & skills to new technology & be employable in the emerging world of AI & any other new tech. Same as people did some decades back when Computers came into the industry. People with pen & paper style of working learned computers to work more efficiently
As AI is self learning by iterative process, it eats away whatever new job created, The new job creation is only transient and short duration.
No, 40% Jobs AI need human interventions, 100% AI cannot do all things there will be error from AI also so human interventions
Is AI going to cook my breakfast and do my laundry? 😂 Then I'm sold!
@@raziel1687 cooking can be replaced but cost is high and helper required, without helper can also done but technology will be costly and affording cook will be less expensive.
Then the population crisis is a blessing... No use having kids without them having jobs 😂
Yes, it will be a blessing in ageing countries, where they face labour shortages.
The next generation will learn new knowledge & skills that align to the technology of their world. Same as people were a few decades back learning new skills when computers came into the industry. Jobs don't get lost.coz of new tech. New tech only brings new learnings for people & efficiency in the way work is done
@@altmosetz_01technology changing every 5 yrs.
It will be stupid and selfish to bring children in this world only to do job and replace previous worker
@@altmosetz_01 Its about the number of Jobs. AI will create less number of high paying jobs while removing many low and medium paying jobs. As a result the GDP of the country will remain same or increase because the money in-terms of salaries, the investment in stock market, etc will not get affected but there will not more unemployment. The employment rate of the country will get affected.
So population crisis is a blessing.
Banking is already digital
I think mass layoffs are coming
in Banking.
No jobs, No marriages, No kids
& that is how humanity ends
Population control
I dont agree unless I see robots sowing and harvesting crops and preparing my meal in the kitchen.
True, all this does seem to be heading in that direction.
Start M
@@troublemaker69185Robots are already doing it
The same techies that gentrified our cities in California are already losing their jobs.
The basic premise of automation is to relieve man of drudgery. So that he can enjoy the things that really matter to his being on this planet: family, society, painting, dancing singing, playing, loving, caring, sharing! How ironic that we have forgotten why we started automation in the first place 🙏
Paisa who will give paisa to pay rent and bills
That's the hope. However, evidence is not bearing your view out:
AI and its Impact on Society
Oct 31, 2023, updated on April 11, 2024
We must ask ourselves, "What will happen when AI has taken 85% of jobs present in 2020? What will we do? How will we eat and survive without incomes from jobs or other means?" What is disturbing is that while AI is taking these jobs, the gov't and the corporations have not done ANYTHING to prepare us for an AI'ed civilization. They have not said anything about major retraining of an entire economy to something else, and they have not followed up on a discussion of universal basic income. This is supposedly supported by a lack of information in the latest government budgets submitted and approved as reported by some RUclips videos.
It appears that the US gov't and the corporations intend to kill off the majority of Americans passively, through starvation from lack of income to buy food. (check and see if farming production is declining or will start to decline ahead of the "starvation phase") (also check to see if the "makeup" of robot equipment allocation would change to reflect a trend away from retail and services for the masses, possibly indicating an extinction of the American public - this means taking a robot from Chipotle and repurposing it for some other job not related to the public, or scrapping affected robots to be remade for some other purpose that has nothing to do with the public) It appears that the decline of farming has already started with the state of Maine buying farm land under the pretext that there are "forever chemicals" present at around 20 parts per TRILLION (safe level is said to be only 4 parts per TRILLION), which does not make sense, BUT this would rope in a LOT of land across the US. Other states may follow suit in addition to the ten states that have similar laws in place.
This way, there are only enough people alive to get some things done, and the rest is done by AI, and the survivors who planned this can claim the whole country for themselves. Imagine having an estate mansion half the size of a mall on several dozen thousand acres of land, and robots would be used to maintain and clean the estates and do the farming FOR THE ESTATE OWNERS. The White Man's wet dream of civilization. What will the Native Americans south of the US border do when they see this coming, especially when they can buy firearms legally now? Hopi prophecy...
@@gunasekaran7290 We aren't here on this planet to pay rent and bills. Living is not about paying rent and bills. Sadly, that's what we are led to believe by society!
@@kishkindhaa I agree... But now we cannot do anything about it than moving to a forest
Correct
The main problem is selfish people like Bill Gates Elon Musk and mega rich people and whose crony politicians
From time immemorial rich and powerful who are 1 percent used to control 99 percent
It will be same in kings rule , democracy , dictatorship , communism , socialism
1 percent alien evil people in form of human beings control
99 percent of the population
So who will demand these products, companies are producing. So without jobs, there'll not be any demand and to whom these so called big companies will sell its goods and services?!!
They will filed bankruptcy.
its all paradox there is need of regulations from govt or else this will literally collapse the economy
@@VaibhavBharati-lt7sy true
@@VaibhavBharati-lt7sy exactly. Elon had talked about basic universal income in the future but giving money without any work isn't a good idea either. I think government will need to step in and find ways to incorporate people in some sort of work. People cannot just sit at home.
To themselves. They should buy and sell their services to themselves.
Countries should fix the 'minimum count of employee' as per company's revenue..
Sad life
We create our own problems
What is the need for ai
That's why they want to reduce the population. They will be no need for so many people.
We don't
The future looks bleak
It will have effect more on Indian BPO & call Centers (already started)
@KillZionists-hc6jy you have no choice.
chat bots already did few of them
Good. Indians should start realising that their population is too high for the size of the country and resources (water, and resources like lithium ion, oil, etc)
Will AI also replace the scam call centers?
@@richardbroski2933Scammers will use AI to scam people. AI will call people and scam. No law can arrest AI.
I wish too, cuz Im currently jobless let them come and join us 😂😂😂
😂😂🤣🤣
Noise😂
😂😂😂😂 same here
😂😂
Same. NEET & Hikikomori lifestyle for 7 years now
Let me do farming now
Me too
Let's do it together 😅@@nastyadyostosky1282
Do u have the body for it?
That's great you have got a land for it! Your ancestors saved it for you.
@@hemilfichadia7234 it takes a lot of hard work to do farming in the skin scratching sunlight 🤌🤌🥹
Learning needs human touch. We know what smartphones have done to regular classrooms. It has turned into a disruptive technology.
It's an excellent tool to help people in different situations. If used correctly people can gain plenty from it .
I agree with you on this.
welcome to real life dystopia
Imagine worlds First A.I to complain or file a case in the highest court against a human protesting for right to work, return of manual labour, salary increment...etc. it will be real fun to see such things happening in the future.
Fun are you sure
Exactly! AI is only a band aid to cover up the real issues
If this is true then the US economy would crash.Since it depends on consumer spending so much it's consumers have no money we are in a depression
It's quite opposite usa and other developed Nation will benefit the most because of AI they won't be needing developing countries like India and Brazil for cheap manufacturing and services like IT and other Back end works. Developed countries will have even smaller population to feed compare to India..!
@ayanbanerjee7479 makes sense
Rich countries with small population can still provide universal basic income for its citizens which can stimulate consumption and sustain thier economy. They can also create additional government jobs to absorb any additional unemployment. This is already happening in the oil rich Arab states. More small population but rich countries will follow this path.
But this won't be feasable for developing countries with large population like India and China. The impact on these countries will be greater.
Literally every country depends on consumer spending.
Let humans use Their Real intelligence and machines their Artificial intelligence as time has come both to mend their ways
Timely and pointed reporting! Well done! Thank you!!
It means AI economic analyses are better than IMF Chief's analyses. Maybe next month IMF Chief's job will be replaced by AI. She will just become a mere representative. That's make sense...
That’s not a bad thing
Good time to start farming.
Listen, phase 1: AI replacing many jobs and helping current roles become more efficient.
phase 2: training of AI even further to eventually have the new AI created jobs become doable by AI.
Palki if i were you i would be worried for my job. Journalists and news anchors are easiest to et rid of thru AI.
Thank you Madam. You are helping us to gear up for change and showing the path of positive approach to take forward. Much Appreciated and wish you keep doing good stuff like this 🙏
If there is No Job, there is no market...
New technology will open new avenue..only problem is in transition which need to be regulated..
A part of the solution is for everyone has to 'manufacture' a saleable product.
Just like the farmers grow products, margins will be wafer thin, competition in online selling, cheaper products with better quality for the consumer - who is also a 'manufacturer' in some way ...
But most of the people have to scrape through meagre inconsistent earnings & government handouts - that's what future will look like... - even for the skilled and the educated.
Welcome to the brave new world dominated by AI
Having a decrease in population doesn't look like something bad anymore
Yep😅
What's the point of AI doing all the jobs and saving money for the companies, when there lesser people with disposable income after that? Why would I talk to an AI Customer Service, when I don't have a job that lets me buy the product, for which the AI Customer Service exists.
Call centers would have already lost those many jobs by now. I hardly find any human in any customer call I make unless I keep pushing to get one and that typically has 10 minutes wait time.
Customer care calls are only being answered by AI nowadays
@@FactsCountdown And it sucks. Personally I would always like to talk to a human because these dumb chat bots get stuck in a loop most of the time. Humans actually help you reach some sort of solution.
@@EdwinTyler AI is created to replace humans and reduce expenses to increase profits for the the capitalist
The jobs are still there, and will remain. I will never call into a call center and talk to an AI, I will always demand a real person, and most people would prefer to talk to a real person
I am 18 years old and I'm very worried about the future. People are saying AI will reduce jobs, there is already high inflation, countries are going in high debt which may result in another economic crises, and not to forget about global warming and extreme weather events happening all over. I fell like suffocating thinking about these things and sometimes i cry that i was born in this hell.😢😢
Hope it will replace anchors too 😀
It’s not so easy…. There is a self containing mechanism… if people loose their jobs at the rate predicted, consumption would hit rock bottom and world economy would collapse. The governments and systems would never allow that to happen. Rules will reign in on the use of AI. AI replacing that many jobs in one fell swoop won’t happen… it would be a slow and carefully calibrated process and not a tsunami. This is being alarmist.
Don't be to sure
Thats like relying on corporations and govt to do something, they will ditch you first
Universal Basic income
No. Most consumerism will be fuelled by crime a massive rise in prostitution, some basic form of universal welfare and small employers who cannot afford AI. Basically, the working class (which includes the middle) are surplus to requirements other than to consume and get into debt.
This maybe a paradigm shifting moment. Don’t assume old economic models will continue to work.
AI can also replace news readers. Put your thinking cap on 😄
Bro triggered
@@Sheetal_Sit's true though. It's not tough to replace news anchors.
AI pride marches might be a reality.
😅
😂👍
Agree... This will not affect
Tea vendor (earning 1lac per month)
Plumber (earning 50k per month)
Vegetable shop
Etc
It's going to replace news anchor job also
Thanks palki ji🎉🎉🎉🎉🎉
I think hard services such as All Home maintenance services jobs won't be affected by AI.
For youngsters with learning abilities, AI opens up new avenues. Skills learnt once won't last a life time. One has to remain a student for ever and keep upgrading new skills and improving existing skills.
Music industry may be among the first to be impacted
Graphics
Not at the recreational level. What then will be the point of learning to play an instrument? Rather, this is what is coming:
AI and its Impact on Society
Oct 31, 2023, updated on April 11, 2024
We must ask ourselves, "What will happen when AI has taken 85% of jobs present in 2020? What will we do? How will we eat and survive without incomes from jobs or other means?" What is disturbing is that while AI is taking these jobs, the gov't and the corporations have not done ANYTHING to prepare us for an AI'ed civilization. They have not said anything about major retraining of an entire economy to something else, and they have not followed up on a discussion of universal basic income. This is supposedly supported by a lack of information in the latest government budgets submitted and approved as reported by some RUclips videos.
It appears that the US gov't and the corporations intend to kill off the majority of Americans passively, through starvation from lack of income to buy food. (check and see if farming production is declining or will start to decline ahead of the "starvation phase") (also check to see if the "makeup" of robot equipment allocation would change to reflect a trend away from retail and services for the masses, possibly indicating an extinction of the American public - this means taking a robot from Chipotle and repurposing it for some other job not related to the public, or scrapping affected robots to be remade for some other purpose that has nothing to do with the public) It appears that the decline of farming has already started with the state of Maine buying farm land under the pretext that there are "forever chemicals" present at around 20 parts per TRILLION (safe level is said to be only 4 parts per TRILLION), which does not make sense, BUT this would rope in a LOT of land across the US. Other states may follow suit in addition to the ten states that have similar laws in place.
This way, there are only enough people alive to get some things done, and the rest is done by AI, and the survivors who planned this can claim the whole country for themselves. Imagine having an estate mansion half the size of a mall on several dozen thousand acres of land, and robots would be used to maintain and clean the estates and do the farming FOR THE ESTATE OWNERS. The White Man's wet dream of civilization. What will the Native Americans south of the US border do when they see this coming, especially when they can buy firearms legally now? Hopi prophecy...
Artists are saying stop using ai generated pic as their value is coming down, mimicry artist are struggling because of ai
@@shrihari7022 it is what it is. No one can stop AI art or any other thing which AI can do.
Always on point
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I see a bigger connection between this and the other report on your global population crisis posted yesterday. fewer jobs due to ai & lesser working population due to reducing fertility rates.
If AI took our job how can we pay taxes?? Please explain 🙏
That is why contries should stop population growth ..
Islamic countries
@@YoseMite-hh1woDoesn't india have over 1 billion hindus?
@@alishaali6018 it has the largest number of muslims too tho?
@@DEMOSPUBG Yes I am familiar it has the second largest population of Muslims but that was not my point. Instead of targeting countries with 1 religion, target all of them. China also has over 1 billion Buddhists. Mention these individual countries not just dozens of Muslim countries alone
@@alishaali6018 google is your friend, the are now militarily independent all the need is a fascist leader and the Islamic middle east will be in trouble the will do you Arab invaders what you did to them
Why don't government put ban on robots and ai....
Because it can't be banned worldwide and ai is very powerful tech if some countries don't ban it and keep work on that they will have massive level of power to rule so now every company is on a race of short term profit they know after sometime world has to face economy collapse so they want to make a lot of money before that
That's what she said.
I'm already unemployed and the ghost of AI has been hovering since atleast 1 year 😭
TSUNAMI OF JOB LOSSES STARTED ALREADY
They are saying that new jobs will come up
But can someone please tell what the new jobs may be because ai is replacing everything or will replace in about 5 years or less
Let the world be informed before the 11th honour❤
Every job that can be done over a computer and with a computer will be gone soon.
Physical jobs like plumbers will be the last to go, but will be gone soon too.
Lots of revolutions
Coding jobs will become less in number. AI can do coding far better than average programmer, particularly from indian software services companies. So in place of an army of developers, you need few expert level programmers who can just ask the right questions to chatgpt, get the code and integrate. Indian IT is in for a big shock from an employment standpoint. Don't worry if you are an investor, companies will layoff and still make better profits with AI
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Really...
AI has already replaced human telemarketers, singers, actors, teachers.
Just think if there are job cuts due to the ai trend then who will spend or buy products. Human intervention is needed afterall.
Yes, your job
The one question that people don't seem to be asking... To what end?
I just recalled the movie I.ROBOT by
Alex Proyas and will smith, i feel like watching it again.
Hi Mam I think you should cover a news report of #Andhra Pradesh Election...Because how laws are breaking out by special officers.So Plz Make Note .........Thank you
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ACCORDING TO YOU - " AT FIRST, JUDICIARY PEOPLE SHOULD BE REPLACED WITH AI" . GOOD DECISION WILL COME OUT . BECAUSE JUDICIARY OBEYES THE LAW. AND IT SYSTEMATIC . AI , QUICKLY WILL EASILY UNDERSTAND - " WHAT TO DO "
India has 5 million cases pending😂😂😂😂 no value for human life in india. No law and order
Worries
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I’m more worried about the next generation.
In 1929, unemployement was 25%. AI creates twice as much and those jobs will never return. And if you think, we can add something to AI, as the experts recommend, consider, that Alpha Zero became incomparably better player without human feed, than AlphaGo with several thousand years of our knowledge. That was singularity in 2017. So prepare for that in a couple of years.
Tsunami of AI. 🤖
I have to disagree to Palki.Developer is not paid to code only. Ai is and will be just another tool. It will make job easier. For ai to write the code, you will still need to tell it.
Since it is making the job easier, the number of junior programmers required in a company will reduce. So the news report is correct that a certain percentage of jobs will vanish.
I doubt that. Are you a programmer?
@@reybis3016he is right and I am a programmer (full stack MERN)
@@reybis3016 As a programmer at one of the top 10 companies, I've observed the significant impact on our development team. While it's clear that it won't replace all programmers, it could realistically reduce our team size by 50%.
@@ragnar6704 50% 😮
I want A.I. to take over the world as soon as possible
yet no one is serious on Universal Basic Income
AI will impact stackoverflow
Every family must have their own land to produce.
No one talking about global warmimg and climate change
In india already unemployment is at its peak and of this happens then what will happen God knows.
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If AI replaces so many jobs, who will pay the taxes to run the country?
Great statement and yes… who will pay the taxes 🤷🏻♂️
I work as an AI consultant and this video is true.
Yes it will change just in 2-3 years in the way I can’t recognize
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I think, it will be Palki's job first.
It's not so easy madam. There are huge computation and power supply bottlenecks presently in achieving the true dreams of it replacing it with humans. I think 2 years is too low. It should take atleast 5 years to iron out the problems then AI will go full steam ahead
Will hear important advise is to start preparing it for now before it's late.
@vaishakviswam1970 There is nothing much to do. Anything you learn AI will learn at double speed. That's also called technological singularity and it's inevitable.
What you have to learn is how to spend time doing nothing. That's where we need spirituality and art of having new hobbies to spend time happily
Funny thing is, even news reporters can be fired any day if they are doing the jpb of reading the script as an AI can definetely read the news. What will remain is creative job of presenting views.
@@coldstone87doctor will be affected from AI or not..?
@QWERTY01100 Doctors are most vulnerable category from AI. Medicine is nothing more than studying research and applying the medicine to right patient based on symptoms. There is no reason why AI cannot do this just like AI replacing a call center job. Lot of research in fact is directed towards medical research only.
Second with 6G and advancement in health equipment remote surgery is also possible very soon. So doctors are going to be extinct very soon.
AI will replace job , so you learn to improve AI by learning AI coding, content learning model, ethics. But how long going at this pace AI can learn and self improve. It's like something is causing issues so you go and be a part of it and make it bigger until it gets to a point where it no longer needs your help.
AI needs to regulated where it can be applied for human good like taking license for implementation considering larger good with protectionism.
If not than probably not much options available as point in time humans can't compete with AI as more sofesticated models come in.
And you can use them today to improve efficiency but tomorrow when they because self sufficient, mature and automated you would be replaced and AI would be still there.
Until it reaches Artificial General Intelligence at which point there is no coming back to regulated AI
N AI or robot can do my job. But, I’d love to see people try to get them to work.
New subscriber❤❤❤
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Not sure, how true, practically. I just searched in the bing copilot to list all songs with the word "Meenakshi" anywhere in the lyrics. It showed only 1 or 2. Not happy with the so called AI result. And you can see in youtube videos ai generated pictures, feels monotonous even though there are varieties. Not much satisfied even with the AI bots answering the queries. At last it transfers the chat to the human agent. It's good as an assistant to ease while typing and coding.
Next generation- humans to fight with terminators.
Humans made destruction objects.
This job system around the world getting weird day by day no purpose
AI cannot do work at site. Agricuture and some engineering trade will be untouched.
I have been yelling my lungs out about it everywhere, nobody cares. I am telling you now one more time it's not 40%. It's 70, write it down.
Nobody cares about the consequences but the short term profits out of this AI
young peoples in india allready have problems with finding a job.
All the so called 'new jobs' will be temporary and low pay until AI can do even those jobs itself.
To me it’s seems like the gap between the haves and have nots is getting wider.
For whom and what will companies produce by using AI and taking people job. Robots will not be the consumers and will not need food , healthcare ,transportation etc.
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