Jan 16
/
Naz
IMF Report: 'Gen-AI: Artificial Intelligence and the Future of Work
Reflecting on the 'Median Human', and redefining jobs and their values:
My thought process... (following my reading of the first 10 pages out of the 42-page report and reviewing comments from experts on the subject)
1. From my perspective, men are likely to be the most affected by new technologies unless they adapt quickly and effectively. This is reminiscent of a recent article in FAZ, where a German Nobel Prize-winning professor cautioned against developing AI as it might lead to increased unemployment.
In today's rapidly evolving world, survival hinges not on the fittest, but on those most adaptable to new technology. This is a pivotal insight from the recent IMF report on Artificial Intelligence (AI), highlighting AI's potential to profoundly transform the global economy and labor markets.
The report reveals distinct patterns in AI exposure, indicating that WOMEN and COLLEGE-EDUCATED individuals, while more vulnerable, are also better positioned to capitalize on AI advancements. In contrast, older workers may struggle to adapt to these technological changes.
2. A major concern is the potential increase in labor income inequality, particularly if AI integrates more effectively with the work of high-income individuals, thus exacerbating wealth disparities through capital returns.
On this note, the I propose a provocative idea:
we should prioritize the use of AI for those who have not had privileges, rather than allowing it to further benefit the already privileged.
Given these shifts, it's imperative to reassess job roles and their societal value.
My recommendation: Caregiving roles, for example, whether for one's own parents or for others, need to be revalued and appropriately compensated, possibly even more than traditional professions like law.
This reassessment is crucial in an AI-dominated future. Advanced economies need to revamp regulatory frameworks and support labor reallocation to safeguard those negatively impacted. Concurrently, emerging markets must focus on developing digital infrastructure and skills to fully harness AI's potential.
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Ali Hessami is currently the Director of R&D and Innovation at Vega Systems, London, UK. He has an extensive track record in systems assurance and safety, security, sustainability, knowledge assessment/management methodologies. He has a background in the design and development of advanced control systems for business and safety-critical industrial applications.
Hessami represents the UK on the European Committee for Electrotechnical Standardization (CENELEC) & International Electrotechnical Commission (IEC) – safety systems, hardware & software standards committees. He was appointed by CENELEC as convener of several Working Groups for review of EN50128 Safety-Critical Software Standard and update and restructuring of the software, hardware, and system safety standards in CENELEC.
Ali is also a member of Cyber Security Standardisation SGA16, SG24, and WG26 Groups and started and chairs the IEEE Special Interest Group in Humanitarian Technologies and the Systems Council Chapters in the UK and Ireland Section. In 2017 Ali joined the IEEE Standards Association (SA), initially as a committee member for the new landmark IEEE 7000 standard focused on “Addressing Ethical Concerns in System Design.” He was subsequently appointed as the Technical Editor and later the Chair of P7000 working group. In November 2018, he was appointed as the VC and Process Architect of the IEEE’s global Ethics Certification Programme for Autonomous & Intelligent Systems (ECPAIS).
Trish advises and trains organisations internationally on Responsible AI (AI/data ethics, policy, governance), and Corporate Digital Responsibility.
Patricia has 20 years’ experience as a lawyer in data, technology and regulatory/government affairs and is a registered Solicitor in England and Wales, and the Republic of Ireland. She has authored and edited several works on law and regulation, policy, ethics, and AI.
She is an expert advisor on the Ethics Committee to the UK’s Digital Catapult Machine Intelligence Garage working with AI startups, is a Maestro (a title only given to 3 people in the world) and expert advisor “Maestro” on the IEEE’s CertifAIEd (previously known as ECPAIS) ethical certification panel, sits on IEEE’s P7003 (algorithmic bias)/P2247.4 (adaptive instructional systems)/P7010.1 (AI and ESG/UN SDGS) standards programmes, is a ForHumanity Fellow working on Independent Audit of AI Systems, is Chair of the Society for Computers and Law, and is a non-exec director on the Board of iTechlaw and on the Board of Women Leading in AI. Until 2021, Patricia was on the RSA’s online harms advisory panel, whose work contributed to the UK’s Online Safety Bill.
Trish is also a linguist and speaks fluently English, French, and German.
In 2021, Patricia was listed on the 100 Brilliant Women in AI Ethics™ and named on Computer Weekly’s longlist as one of the Most Influential Women in UK Technology in 2021.
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