80 Lakh Employees Can Be Fired Due To AI In This Country


Mohul Ghosh

Mohul Ghosh

Apr 01, 2024


The Institute for Public Policy Research (IPPR) warns that up to 8 million UK workers could lose their jobs due to artificial intelligence (AI) under current government policies. AI already affects 11% of tasks in the UK, potentially rising to 60% with deeper integration. Part-time, entry-level, and back-office roles are at highest risk, but even higher-paying jobs could be impacted.

80 Lakh Employees Can Be Fired Due To AI In This Country

Policy Decisions Crucial in AI Integration

Carsten Jung, senior economist at IPPR, emphasizes that government, employers, and unions must make crucial design decisions to manage AI’s impact effectively. Without proactive action, a “jobs apocalypse” may become a reality. The government acknowledges AI’s influence on employment and calls for upskilling workers to adapt to technological changes. However, policy decisions will determine whether AI adoption leads to job losses or contributes to economic growth.

LinkedIn Research Reveals UK’s AI Skill Gap

LinkedIn research indicates that the UK lags behind countries like India, the US, and Germany in AI skills. Only a fraction of UK businesses invest in upskilling their workforce, with a relatively small number possessing AI skills. Women and young people are particularly vulnerable to displacement by AI, as they are often employed in tasks most affected by technology. Firms may reduce graduate job openings and rely more on AI for entry-level tasks.


Mohul Ghosh
Mohul Ghosh
  • 1121 Posts

Subscribe Now!

Get latest news and views related to startups, tech and business

You Might Also Like

Business
Dec. 8, 2022

Beat The Burden Of Medical Inflation With A Health Insurance

As disease rates rise and medical technology develops, treatment costs climb. It’s essential to understand that medical costs are not exclusively associated with hospitals. The cost of prescription drugs, diagnostic procedures, ambulance and operating room fees, consultations with doctors, and other costs are also constantly increasing. All of them could put a big strain on […]

Business
Dec. 8, 2022

3 Biggest Changes Of iOS 16.2 Update That Every iPhone User Should Know!

In its latest update Apple said that it is preparing for the iOS 16.2 update for iPhones across the world. Notably, like the previous release, there are a couple of changes coming for the iPhones.  iOS 16.2 Update Release Date So far, Apple has not announced a release date for iOS 16.2 update. Reportedly, the […]

Business
Dec. 8, 2022

300 Microsoft Employees Create Employee Union, First Time Ever: This Is How Microsoft Reacted

Around 300 workers at Microsoft Corp.’s ZeniMax Studios have commenced the process of forming a union which is said to be the first at the software giant in the US.  Here, Microsoft Corp.’s ZeniMax Studios known for popular video games including Skyrim and Fallout. Forming Union In Microsoft Corp Moreover, the quality assurance employees at […]

Business
Dec. 7, 2022

India Beats China In Air Travel Safety: Ranking Jumps From 102 To 48 In Global Aviation Safety

India’s air safety protocols and executions have improved drastically over the years, as validated by the findings of a specialized agency of the United Nations, the International Civil Aviation Organization or ICAO. The UN watchdog has upgraded India’s ranking in terms of aviation safety to the 48th position, jumping past the rankings of countries like […]

Recent Posts

Related Videos

   

Subscribe Now!

Get latest news and views related to startups, tech and business

who's online