IMF Insight: AI – A Dedicated Employee That Needs Supervision: Promising Productivity, Threatening Jobs!

“IMF report: AI will displace jobs but drive productivity if controlled”

“The International Monetary Fund (IMF) releases a report which says that automation will inevitably lead to job loss but increases productivity, but only if properly managed. They suggest that the way to control this is by creating high-quality jobs and implementing public policies that help the workers move from old jobs to new ones.”

Say hello to our new robotic overlords! The IMF has finally stepped up, acknowledging that automation and AI are unavoidable realities destined to revolutionize the workforce. “Inevitably lead to job loss” they say – it’s quite a subtle way to put it. Let’s face it, our silicon-covered kin are here to stay, ready to take over quite a few positions.

But hold off on surrendering to eldritch despair just yet! The report injects a healthy dose of optimism into the grim forecast. Hold on tight to your office chairs, because you’re bound to be flabbergasted – it turns out that automation and AI can actually increase productivity. Shocker, isn’t it?

Before we get caught up in this conundrum, let’s pause for a quick reality check. Sherlocking these groundbreaking revelations doesn’t warrant a Nobel. Afterall, the wheel wasn’t invented to make the task more difficult. Who’d have ever thought automation could boost efficiency? It’s almost as if that was their intended purpose from the start.

The truly interesting part of the report, however, is the proposed solution to control the automation impact. IMF recommends – drum roll, please – creating high-quality jobs! ‘Genius!’, some may say sarcastically. Nevertheless, it’s a valid point. The key here isn’t going on a technophobic witch hunt, rather, adapting to and managing the effects of automation to our benefit.

Now implementing public policies that help the displaced workers transition to new roles, that’s a bit tougher. Far be it for anyone to point fingers, but generally, public policies aren’t renowned for their speed and efficiency. Here’s to hoping the governments around the world are up for a challenge – and soon.

Let’s not fret the rise of AI and automation. Instead, embrace this brave new world with open arms. So what if a robot takes the job of raising monotonous reports? We all hated doing it anyway.

So strap on those thinking caps, humanity! High-quality jobs are the new black and we’re here for this fashion trend. It’s time to envision, evolve, and elevate, and let’s do it before our new AI colleagues beat us to it. After all, wouldn’t it be a touch embarrassing to be outpaced by your next automated coffee machine?

Read the original article here: https://dailyai.com/2024/06/imf-report-ai-will-displace-jobs-but-drive-productivity-if-controlled/