President, Information Technology and Innovation Foundation,
Macroeconomics, Monetary and Financial Stability, Political Economy
Senior policy advisor, Trade Union Advisory Committee to the OECD (TUAC),
Director, Future of Work, Oxford Martin School, University of Oxford
Senior Economist, International Labor Organization,
Although AI brings forth a wide array of possibilities, it raises many questions. Will AI systems substitute workers? Does AI increase inequality and job polarisation? Will the overall quality of work decrease? What are the recommended policy actions to minimise the associated concerns for workers?
Technological development and digitalisation have major implications for the workforce and the future of labour markets. The current so-called AI revolution is not the first, as we have experienced 3 industrial revolutions since the 18th century based on technological breakthroughs. That being said, AI technologies have some specific features that differentiate them from the previous revolutions, such as machines that can learn and become more capable to perform specific tasks. For that reason, the first important question discussed at this event was: Is it different this time?