She urged policymakers to quickly develop regulations to govern the technology and to provide support for workers affected by its adoption, such as strengthening social safety nets and designing tax policies that do not incentivize companies to replace employees with machines.
Gopinath also cautioned against the emergence of corporations with an unassailable position in the new technology.
LONDON DAILY ARCHIVE
IMF Deputy Managing Director Warns of AI Disruptions in Labor Markets
Gita Gopinath, the First Deputy Managing Director of the IMF, has warned that the adoption of generative artificial intelligence (AI) could cause substantial disruptions in labor markets.
06 June 2023 · 04:02 UTC
