OECD: 60% of financial and manufacturing workers fear being replaced by artificial intelligence

The Organisation for Economic Co-operation and Development (OECD) has assessed the impact of artificial intelligence on the global labour market.

Here's What We Know

The OECD surveyed more than 2,000 employers and 5,300 employees in finance and manufacturing in seven of its member countries. As a result, three in five employees fear being replaced by artificial intelligence in the next decade. Two in five fear AI-related wage cuts.

Overall, in the 38 OECD countries, jobs with the highest risk of automation account for 27% of the workforce. Eastern European countries, including Hungary, Slovakia, the Czech Republic and Poland, are the most susceptible to automation.

On the other hand, 63% of respondents said AI has increased their enjoyment of work by automating dangerous or routine tasks. Eight out of ten employees reported an increase in productivity, and just over 50 per cent reported improved mental health.

About the same number of employers said AI could help employees with disabilities.

The OECD is urging member countries to act quickly and make sure the benefits of AI in the workplace outweigh the risks.

Source: The Next Web.