All articles tagged with #retraining
An IMF analysis of the US, UK, Germany, Denmark, Brazil and South Africa finds AI-related skill demand is boosting wages but not net employment in the most exposed jobs; five years on, regions with higher AI-skill demand show a 3.6% employment gap. The IMF urges stronger retraining, social protection and education reform so workers can leverage AI rather than compete with it, ahead of Davos.
Generative AI could have the biggest impacts on high earners, particularly those in knowledge work involving decision-making and collaboration, according to a McKinsey report. Recent iterations of generative AI have focused on improving cognitive skills, which could automate work activities that consume between 60% and 70% of employees' time. However, workers may need help retraining to move to different work activities or even another job. The report also suggests that generative AI could act as a "virtual expert" to help workers quickly access internal information.