UN Agency on AI Suggests Tax Law Could Speed Up Job Transformations

UN agency on AI: Tax law could accelerate job transformation

The rise of artificial intelligence is sure to bring different challenges to countries around the world, especially depending on their age structure. According to the head of the United Nations development program, Achim Steiner, countries with a younger population will face different obstacles compared to countries with an older population. For example, countries like Germany may experience a loss of employment in certain fields.

As such, Steiner argues that countries must prepare for the AI revolution individually in order to avoid automatically slipping into a negative situation. This will also allow for the development of transition strategies. To do this, Steiner suggests investigating which types of jobs will be affected by the introduction of AI, and determining which jobs will be eliminated and which new ones could be created.

There is also the risk of creating false incentives to accelerate automation. Steiner warns against taxing human work more heavily than work performed by robots or algorithms, as this could slow down the process of transitioning to AI.

The UNDP agrees with the warnings of massive consequences for labor markets through the rise of artificial intelligence. This fear is not baseless, as some studies have already warned about the possible job losses that could happen in certain fields. However, AI technology can also make it easier to launch a career and enhance productivity for low-skilled workers.

It is clear that countries must take a comprehensive approach to the rise of artificial intelligence, examining the potential risks and benefits. By doing so, they can develop strategies for transitioning to AI in a way that benefits their population and economy.

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