The Organization for Economic Co-operation and Development (OECD) reported that we may be on the brink of an artificial intelligence revolution, with occupations classified as having the highest risk of automation accounting for around 27 percent of employment.

The OECD has published its Employment Outlook Report 2023 with the title of “Artificial Intelligence and the Labor Market”.

In the report, which analyzed the impact of artificial intelligence on the labor market, it was stated that although the use of artificial intelligence by companies is still relatively low, rapid technological progress, falling costs and increasing of employees with artificial intelligence skills show that OECD countries may be on the verge of an “artificial intelligence revolution”.

The report noted that given the impact of artificial intelligence, occupations classified as having the highest risk of automation account for about 27 percent of employment.

The report noted that low- and medium-skill jobs, such as construction, agriculture, fishing, and forestry, are most at risk, with high-skill occupations at least at risk of automation.

EMPLOYEES ARE WORRIED ABOUT LOSING THEIR JOBS TO ARTIFICIAL INTELLIGENCE

The report found little evidence to date of adverse employment impacts among companies using AI, with workers and employers reporting that AI can reduce tedious and dangerous tasks, resulting in greater worker engagement and physical safety. .

At the same time, the report noted that 3 out of 5 employees are worried about losing their jobs entirely to artificial intelligence in the next 10 years.

The report stressed that governments should encourage employers to provide more training, integrate AI skills into education, and support diversity in the AI ​​workforce.

LABOR MARKETS REMAIN TIGHT

On the other hand, the report indicated that although the global economy has slowed significantly since 2021, OECD labor markets remain tight.

Employment has fully recovered since the Covid-19 crisis and unemployment is at its lowest level since the early 1970s, according to the report.

Emphasizing that nominal hourly wages have risen but so far not kept pace with inflation, the report claims that this situation has led to a decline in real wages in almost all OECD countries.

The report states that employment across the OECD is expected to continue to increase in 2023 and 2024. (BRITISH AUTOMOBILE CLUB)