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How does AI impact the labor income according to the latest ILO study

An ILO study reveals the connection between Artificial Intelligence and labor income decline.
  • According to the latest ILO study, the impact of Artificial Intelligence on labor income is complex and multi-faceted.
  • AI has been identified as a factor contributing to the decline in labor income for certain groups of workers, particularly those in low-skilled positions.
  • The study suggests that AI technologies can automate routine tasks, leading to job displacement and potentially lower wages for some workers.
  • However, AI also has the potential to create new opportunities for skilled workers and industries that are able to adapt and take advantage of the technology.
  • Overall, the relationship between AI and labor income is influenced by a variety of factors, including technological advancement, education and training, and government policies.
Answered 9 months ago
Rohit Aspirants