"Georgieva described AI as a " tsunami " hitting the labor market, with the potential to transform or eliminate 60% of jobs in advanced economies and 40% globally."
""One in 10 jobs is already enhanced [by AI]," she said. "And the people in these jobs are paid better. When they're paid better, they spend more money in the local economy. They spend more money in restaurants here, there. Demand for low-skilled jobs goes up. And actually total employment seems to slightly increase because of it.""
"A PwC survey last year, based on an analysis of nearly one billion job ads worldwide, found that AI-skilled workers would earn an average premium of 56% over similar jobs that did not require AI skills."
Artificial intelligence is generating productivity gains that disproportionately benefit high earners while posing substantial disruption to the labor market. AI could transform or eliminate roughly 60% of jobs in advanced economies and about 40% globally. Higher productivity and wages among AI-skilled professionals increase their consumption of local services, raising demand for low-skilled service jobs. Survey evidence indicates AI-skilled roles carry a sizable wage premium (around 56%), which can amplify local spending and create spillover employment effects that slightly raise total employment for lower-wage workers.
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