• 3,000 firms
  • Independent
  • Trusted
Save up to 70% on staff

News » IMF: AI may replace 300M jobs, worsen inequality

IMF: AI may replace 300M jobs, worsen inequality

Photo from the International Monetary Fund

WASHINGTON D.C., UNITED STATES — Artificial intelligence (AI) is set to profoundly impact the future of work, according to a new analysis by the International Monetary Fund (IMF). 

The IMF report reveals that AI exposure will be around 40% globally, with 60% of jobs affected in advanced economies.

On the other hand, the IMF projects fewer immediate disruptions, with the technology set to affect 40% of jobs in emerging markets and just 26% of jobs in low-income countries.

However, it may also displace human workers by automating key tasks, potentially leading to job losses and worsened inequality. 

Goldman Sachs predicts AI advancements could jeopardize 300 million jobs globally due to automation, but many believe human labor will still be necessary for many roles. 

“Many of these countries don’t have the infrastructure or skilled workforces to harness the benefits of AI, raising the risk that over time the technology could worsen inequality among nations,” said IMF Managing Director Kristalina Georgieva. 

This gap could worsen cross-country income disparities over time if unaddressed.

Within countries, younger and more educated workers are better positioned to exploit AI tools. However, older employees may struggle adapting to the changes. 

If higher-income roles see the most complementarity from AI integration, labor income inequality could rise further. 

To address this, Georgieva advised countries to establish comprehensive social safety nets and offer retraining programs for vulnerable workers through IMF’s AI Preparedness Index.

The index measures readiness in areas such as digital infrastructure, human-capital and labor-market policies, among others. 


Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

“Excellent service for outsourcing advice and expertise for my business.”

Learn more
Banner Image
Get 3 Free Quotes Verified Outsourcing Suppliers
3,000 firms.Just 2 minutes to complete.
Learn more

Connect with over 3,000 outsourcing services providers.

Banner Image

Transform your business with skilled offshore talent.

  • 3,000 firms
  • Simple
  • Transparent
Banner Image