Singapore – Artificial intelligence is predicted to increase its influence on Asia-Pacific economies. Within the region, advanced economies will have a higher exposure to AI jobs than emerging economies, as outlined in the recent Asia-Pacific Regional Economic Outlook report. As much as AI can complement many roles to increase productivity, it would deepen inequality both between and within countries.
Approximately, half of the jobs in advanced markets like Singapore are made vulnerable by an AI takeover, as opposed to a mere 25% in areas such as Laos, where only 3% of jobs are highly complementary to AI taking over tasks. Within countries, service, sales, and clerical jobs, most of which are held by women, are most at risk, while positions filled with better-paid jobs, such as managerial and technical ones, will prosper from it, thus creating further gaps in wage disparity.
In fact, inclusive measures should be prioritized at the policy level to address these challenges. In addition to social safety nets which must be efficient and relevant to reskill and educate workers to transition them into AI-intensive jobs. Emerging economies ought to create systems that facilitate innovation and jobs for workers that leverage the potential of AI. Strong regulations advocating ethical AI and the protection of data against misuse are required to limit the risks of not having equitable growth.
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