TECH - Artificial Intelligence Could Cost UK 8M Jobs But There's A Way Out Says Think Tank: 'If They Don't Act Soon It May Be Too Late' | Benzinga
The Institute for Public Policy Research (IPPR) has warned that the U.K. could lose up to eight million jobs due to the increasing integration of artificial intelligence in the workplace. The think tank, however, suggests that a “jobs apocalypse” is not inevitable if the government takes appropriate action.
What Happened: The IPPR’s report, released on Wednesday, indicates that AI already impacts 11% of tasks performed by U.K. employees. This figure could potentially rise to nearly 60% if companies further integrate AI technology, reported Bloomberg.
Part-time, entry-level, and back-office jobs like customer service are at the highest risk. However, the report also suggests that higher-paying jobs will increasingly be affected.
The IPPR’s findings underscore the challenges faced by the U.K. government as it increasingly relies on AI to address the country’s productivity issues. The government has already announced an £800 million ($1 billion) investment in technology and AI to enhance public-sector output.
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