Artificial intelligence is fundamentally transforming the global labor market. It is reshaping which skills are in demand, how professions evolve, and how wages shift. This applies to both advanced and emerging economies. Forecasts about its impact vary widely, ranging from large-scale job losses to significant productivity gains or a combination of both.
To truly understand AI’s effects, the technology cannot be viewed in isolation; political, economic, and demographic factors must also be taken into account. Preparing effectively for this transition depends heavily on joint public and private efforts in education, lifelong learning, and workforce development. Focusing on technology alone will not be enough.