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AI Job Loss Fear: When the use of Artificial Intelligence is gaining momentum in the country and the world. The big focus of companies is on AI. In such a situation, Geeta Gopinath, a well-known economist of Indian origin and First Deputy Managing Director of the International Monetary Fund, has expressed apprehension that due to artificial intelligence, many problems will arise in the labor market in the coming days. Might be possible. He has appealed to the policymakers to make rules as soon as possible to control this technology.
According to the report of the Financial Times, Geeta Gopinath said, we want governments, institutions and policymakers to start preparing as soon as possible to deal with the disruption caused by artificial intelligence in the labor market along with making regulations.
Geeta Gopinath said that governments should promote social safety nets keeping in mind the social security of employees affected by artificial intelligence. Along with this, such a tax policy should be prepared, under which such companies should not be encouraged at all, which use machines instead of employees. Geeta Gopinath has asked policymakers to be wary of these companies, which are impossible to challenge in terms of new technology.
Earlier in March 2023, Goldman Sachs had said in its report that 300 million full-time jobs could be at risk due to artificial intelligence. Last year, PWC (PWC) said in its Annual Global Workforce Survey that one-third of people are afraid that new technology may replace them in the next three years.
Many companies related to technology are considering replacing routine jobs with artificial intelligence. The CEO of IBM had recently said that the company may put a hold on the recruitment of 7800 posts as they can be replaced by Artificial Intelligence. He said that artificial intelligence can replace human resources like bank office operations.
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