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MIT AI Risk Repository · Risk Sub-Category · 47.04.03

Impact on labor markets (job loss and displacement)

Category: Environmental, economical, and societal challenges

Open the MIT Risk Navigator All entries from G'sell2024

Description

"Currently, a significant share of workers (three in five) worry about losing their jobs entirely to AI in the next 10 years—particularly those who already work with AI. Some studies conclude that AI tools (generative and non-generative) will create significant job losses.573 The OECD has found that occupations at highest risk of being lost to automation from AI account for about 27% of employment.5"

From Regulating under Uncertainty: Governance Options for Generative AI (G'sell2024), as extracted by the MIT AI Risk Repository (CC BY 4.0).

Classification

Causal entity
AI
Timing
Other

Subdomain definition: Widespread use of AI increasing social and economic inequalities, such as by automating jobs, reducing the quality of employment, or producing exploitative dependencies between workers and their employers.

Real-world incidents in this subdomain

Browse all incidents in this subdomain

How other frameworks describe this risk

  • Job loss/losses

    A Collaborative, Human-Centred Taxonomy of AI, Algorithmic, and Automation Harms (Abercrombie2024)

  • Societal destabilisation

    A Collaborative, Human-Centred Taxonomy of AI, Algorithmic, and Automation Harms (Abercrombie2024)

  • Societal inequality

    A Collaborative, Human-Centred Taxonomy of AI, Algorithmic, and Automation Harms (Abercrombie2024)

  • Labour exploitation

    A Collaborative, Human-Centred Taxonomy of AI, Algorithmic, and Automation Harms (Abercrombie2024)

  • Political instability

    A Collaborative, Human-Centred Taxonomy of AI, Algorithmic, and Automation Harms (Abercrombie2024)

  • Increased income disparity

    The Rise of Artificial Intelligence - Future Outlooks and Emerging Risks (Allianz2018)

  • Economic

    The Rise of Artificial Intelligence - Future Outlooks and Emerging Risks (Allianz2018)

  • Effects on the Workforce

    Foundational Challenges in Assuring Alignment and Safety of Large Language Models (Anwar2024)

Other entries from G'sell2024