A report claims that in a “worst case scenario”, the UK could lose up to 8 million jobs due to artificial intelligence.
Analysis from the Institute for Public Policy Research (IPPR) says the UK is facing a “sliding door” moment in implementing generative artificial intelligence and calls on the government to ensure a fair industrial strategy.
The report identifies two key phases of generative AI adoption: a first wave has already begun, and a second wave in which companies will more deeply integrate AI technology into their processes — at this stage, as many as 59% of companies will adopt AI technology. Without intervention, tasks performed by workers could easily be replaced by AI automation.
History shows that technological transformations can be beneficial if managed well, but disruptive if developed without controls
Carsten Jung, Institute for Public Policy
Back office, entry-level and part-time jobs were at highest risk of disruption during the first wave, including secretarial, customer service and administrative positions, with women and younger people most likely to be affected because they are more vulnerable, the report said. May serve in these roles.
Those with lower wages are also considered most vulnerable to being replaced by AI.
The study believes that the worst-case scenario for the second wave of artificial intelligence will be about 7.9 million people losing their jobs and no GDP growth.
However, reports suggest that if governments and industries proactively protect workers as the use of AI increases, there could be significant economic benefits.
The best-case scenario for the second wave is that no jobs will be lost as AI and AI work together, with claims that this could lead to GDP growth of 13%, or around £306 billion per year.
Carsten Jung, senior economist at IPPR, said: “Existing generative AI could lead to significant disruptions in the labor market, or it could significantly boost economic growth. Either way, it will A game changer for millions of us.
“Many companies have already invested in it, and as more businesses adopt it, it has the potential to speed up more tasks.
“In the next five years, it’s likely to transform knowledge work.
Technology is not destiny and employment disaster is not inevitable – governments, employers and unions have the opportunity now to make key design decisions to ensure we manage this new technology well
Carsten Jung, Institute for Public Policy
“The question now is not whether AI will be useful, but how quickly and how employers will use it.
“History shows that technological transformations can bring benefits if managed well, but they can lead to chaos if developed without controls.
“In fact, some professions are likely to be hit hard by generative AI, starting with back-office jobs.
“But technology is not destiny, and jobs disaster is not inevitable – governments, employers and unions have an opportunity now to make key design decisions to ensure we manage this new technology well.
“If they don’t act soon, it may be too late.”
The IPPR report recommends an employment-focused AI industry strategy, including tax incentives and subsidies to encourage training of AI workers so they can work alongside the technology rather than being replaced by it, as well as regulatory changes to ensure critical Human responsibility in issues such as healthcare.
The UK government has yet to introduce any legislation specifically addressing the rise of AI, but it did announce last month plans to spend more than £90 million to establish new AI research centers across the UK, which will investigate the responsible use of AI in a variety of fields methods such as healthcare, chemistry and mathematics.
The plans were announced as part of a wider package of more than £100m in the government’s response to the white paper consultation on artificial intelligence regulation first published last year.
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