Identified the risks associated with the likelihood of a growing impact of AI on the workplace
The AI revolution puts skilled jobs at greatest risk, according to international experts. According to the forecast of the employment organization, the medical, legal and financial sectors may be most affected.
According to an influential international organization, the world's largest economies are on «the cusp of an artificial intelligence revolution» that could lead to job losses in skilled professions such as law, medicine and finance, according to The Guardian.
The organization Economic Co-operation and Development (OECD) said that the occupations most at risk of automation using artificial intelligence are high-skill jobs, which account for about 27% of employment in the Organization's 38 member countries, including the UK, Japan, Germany, the United States, Australia and Canada.
The organization said that “it is clear that the potential for AI-driven job replacement remains significant, raising concerns about wage cuts and job losses.” However, experts added that at present, artificial intelligence is changing jobs rather than replacing them.
“Professions in finance, medicine and the legal profession, which often require many years of education and whose core functions are based on accumulated decision-making experience, may suddenly be threatened by automation through artificial intelligence,” the OECD said.
The OECD report also states that high-skilled occupations are most susceptible to AI-based automation, such as those in the legal, cultural, scientific, engineering and business sectors.
Breakthroughs in the field of artificial intelligence have resulted in cases where the results of artificial intelligence tools such as ChatGPT were indistinguishable from those of humans. As a result, the largest economies may be at a turning point, according to the OECD.
“These rapid developments, combined with falling costs of production and adoption of these new technologies, suggest that OECD countries may be on the cusp of an AI revolution that could revolutionize jobs,” the 2023 Employment Outlook says. year calling for “urgent action” on artificial intelligence.
The Paris-based organization says: “Urgent action is needed to ensure that artificial intelligence is used in a responsible and trustworthy manner in the workplace ”.
The statement said the UK, Luxembourg and Sweden have the lowest shares of employment in the highest risk occupations, with the US also at the bottom of the scale, while Hungary, Slovakia, Poland and the Czech Republic have the highest shares, and Germany and Italy are also at the top of the table.
The OECD said the data indicated the economy was on the “brink” of the AI revolution, not in its full swing, with the share of firms adopting artificial intelligence remains unambiguous, in part because of labor cost and skill issues.
It is also argued that while artificial intelligence has the potential to eliminate boring or dangerous tasks and create interesting ones instead, firms openly acknowledge the fact that the main motivation for investing in artificial intelligence is to increase worker productivity and reduce staff costs.
As a result, well-paid jobs that require high-quality education may suffer the most.
The OECD has also highlighted the risks associated with the likelihood of a growing impact of artificial intelligence on the workplace. These include artificial intelligence tools that make hiring decisions, with the risk of violating biased AI-based decisions “higher for some socio-demographic groups that are often already disadvantaged in the labor market.”
In recent years, there has been evidence of gender and racial bias in AI-powered recruitment processes, and the issue of AI-driven bias has become one of the technology's key safety concerns.