The IPPR identifies entry-level, part-time, and administrative roles as the most vulnerable to AI replacement in a “worst-case scenario” for technology rollout over the next three to five years. The thinktank highlights the adoption of generative AI technologies by a growing number of companies, which can automate various workplace tasks involving text, data, and software code.
The report indicates that while the initial wave of AI adoption is already impacting jobs, a second wave could lead to further automation, affecting routine cognitive tasks such as database management, scheduling, and stocktaking. This could potentially displace entry-level and part-time positions in secretarial work, administration, and customer services.
Moreover, non-routine tasks like database creation, copywriting, and graphic design could also be affected in the second wave, impacting higher-earning jobs. Women are particularly vulnerable as they are more likely to work in occupations at risk of displacement.
Also Read: Fintech Urges Government Action to Lower Barriers for Digital Banks in New Zealand
In the worst-case scenario, the report suggests that 7.9 million jobs could be displaced, potentially leading to zero GDP growth within three to five years. However, in a best-case scenario where generative AI fully augments the workforce, no jobs would be lost, and the economy could see a 4% increase, equivalent to £92 billion annually.
The IPPR urges government action to mitigate the potential impacts of AI on workers and harness its potential for economic growth and improved living standards. Carsten Jung, senior economist at IPPR, emphasizes the importance of proactive decision-making by government, employers, and unions to manage this technological shift effectively.
Also check: Hilton Honors Rewards Points.com
More Stories
FCC Imposes $200 Million Fine on Major US Mobile Carriers for Unauthorized Sale of Customer Location Data
Rent.com.au Reports Record Revenue as RentPay Platform Hits $250 Million Milestone
Striking the Balance: Prioritizing Customer Experience Over Tech Hype in New Zealand Retail