Artificial intelligence (AI) has raised concerns regarding job security, although its impact on the labor market has been minimal so far. The Organisation for Economic Co-operation and Development (OECD) conducted a survey among over 2,000 employers and 5,300 workers in the finance and manufacturing industries across seven member countries to gauge their opinions on AI in the workplace.
The survey revealed that 60% of employees in these sectors have apprehensions about being replaced by AI within the next decade. And, 40% of all workers surveyed expressed worries about potential wage decreases due to AI. Approximately 27% of the labor force in the 38 OECD countries are employed in jobs that have a high risk of automation. Eastern European nations, such as Hungary, the Slovak Republic, Czechia, and Poland, are particularly vulnerable in this regard.
On a positive note, the survey found that 63% of the respondents believe that AI has improved their work experience by automating dangerous or monotonous tasks. Eight in ten employees reported an enhancement in their performance, while slightly over 50% stated that AI has positively impacted their mental health. Employers echoed these sentiments, with an equal number acknowledging the potential of AI in aiding disabled workers.
Despite these encouraging findings, several tangible concerns still exist. These include the fear of job losses, increased work intensity, and ethical challenges. The OECD urges its member countries to promptly take action to ensure that the benefits of AI in the workplace outweigh the risks. It emphasizes the necessity of training programs and, above all, the implementation of policies that promote the responsible, trustworthy, and unbiased deployment of AI.
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