Trends
AI could lead to the elimination of up to 5% of jobs in Latin America
OUR TAKEThe adoption of AI in Latin America could lead to a mixed outcome, with potential benefits in productivity and economic growth but also risks of exacerbating existing inequalities due to digital gaps in the region. Governments and organisations need to focus on bridging these divides to ensu…
Headline
OUR TAKEThe adoption of AI in Latin America could lead to a mixed outcome, with potential benefits in productivity and economic growth but also risks of exacerbating existing inequalities due to digital gaps in the region. Governments and organisations need to focus on bridging…
Context
OUR TAKE The adoption of AI in Latin America could lead to a mixed outcome, with potential benefits in productivity and economic growth but also risks of exacerbating existing inequalities due to digital gaps in the region. Governments and organisations need to focus on bridging these divides to ensure a balanced and inclusive economic transformation. -Lia XU, BTW reporter According to a joint report by the International Labor Organization and the World Bank , AI could potentially eliminate up to 5% of jobs in Latin America and the Caribbean. The impact of this question could be extensive. Because gaps in digital infrastructure and existing inequalities might curb the full impact of AI. First of all, between 26% to 38% of jobs in the region are exposed to AI’s influence. However, AI also has the potential to boost productivity in 8% to 14% of jobs, especially in urban settings, education, and higher-income professions.
Evidence
Pending intelligence enrichment.
Analysis
Besides, some demographic groups like women and younger workers in formal sectors are particularly vulnerable to losing their jobs to AI technologies in Latin America and the Caribbean. So some sectors like tech-savvy urban areas, education, and higher-wage jobs may experience productivity surges due to AI adoption, while industries heavily reliant on the formal employment of women and young workers might face automation challenges. Also read: Intel cuts thousands of jobs to help finance recovery Also read: Intuit cut 1,800 jobs and increase AI investments On the one hand, the adoption of AI in Latin America and the Caribbean could lead to significant shifts in markets. Sectors such as tech-savvy urban areas, education, and higher-wage jobs might experience productivity surges.
Key Points
- Women and younger workers in formal sectors are particularly vulnerable to losing their jobs to AI technologies in Latin America and the Caribbean.
- AI has the potential to increase productivity in 8% to 14% of jobs, especially in urban areas, education, and higher-income professions.
Actions
Pending intelligence enrichment.
