IMF (International Monetary Fund) recently released the latest edition of the World Economic Outlook report, which states that in the medium term.AI（AI) can increase the productivity and income of workers, although it also depends on how countries utilize the potential of AI.
Developed economies are likely to benefit from AI earlier than emerging market, developing economies, says IMF.This is mainly due to the fact that the employment structure in developed economies is more focused on cognitively intensive jobs.
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In the middle of this month, the IMF issued a report stating that mankind is on the brink of a technological revolution -- a revolution that may kick-start productivity, boost global growth and raise incomes around the world, but which may also displace some jobs and exacerbate the gap between the rich and the poor and unbalanced development.
data suggests that about 60% jobs in developed economies could be impacted by AI, with about half of those jobs increasing productivity and the other half where AI would reduce labor requirements by performing critical tasks that rely on human labor.Resulting in lower salaries, less hiring and, in the most extreme cases, even the disappearance of some jobs.
The report analyzes that AI is likely to increase income and wealth inequality within countries in most cases, and one may see polarization within income classes:Workers who can utilize AI will see their productivity and wages increase, while those who can't will fall behind.
The IMF study also shows that AI can help less experienced workers become more productive faster.Younger workers may be more likely to take advantage of opportunities, older workers may struggle to adapt.