In the next five years, AI may eliminate nearly 8 million jobs in the United Kingdom

In the United Kingdom, a recent report from the Institute for Public Policy Research (IPPR) predicts that nearly eight million jobs could be replaced by Artificial Intelligence (AI) over the next five years. Women, young workers, and part-time employees are most likely to be affected by automation.

Economist Carsten Jung from IPPR echoes tech mogul Elon Musk’s warning about the disruptive force of AI. While AI has the potential to boost productivity for companies, it could also hinder GDP growth if significant job losses occur. However, a best-case scenario involving AI empowering the workforce without major job losses could lead to a boost in GDP.

The study analyzed 22,000 different jobs across various sectors and found that jobs such as administration, secretarial work, and customer service were at risk of automation. The first wave of AI is expected to impact 11% of jobs in the UK, while the second wave within the next three to five years could displace up to 7.9 million jobs.

To address these challenges posed by new technology, IPPR calls on the UK government to implement an industrial strategy for AI that focuses on job creation. This could include incentives such as tax breaks, regulatory changes, and job training subsidies. While some critics argue that more decisive action is needed to address these challenges seen in other regions like European Union and United States.

In conclusion, AI has immense potential to change our workforce and economy in profound ways over time. It is important for policymakers to consider both its benefits and drawbacks carefully before implementing any policies related to this technology.

By Aiden Johnson

As a content writer at newspoip.com, I have a passion for crafting engaging and informative articles that captivate readers. With a keen eye for detail and a knack for storytelling, I strive to deliver content that not only informs but also entertains. My goal is to create compelling narratives that resonate with our audience and keep them coming back for more. Whether I'm delving into the latest news topics or exploring in-depth features, I am dedicated to producing high-quality content that informs, inspires, and sparks curiosity.

Leave a Reply