info@marketresearchfuture.com   đź“ž  +1 (855) 661-4441(US)   đź“ž  +44 1720 412 167(UK)

OECD Reports AI Boosts Job Quality But Raises Concerns On Usage

By Aarti Dhapte , 14 August, 2023

Artificial intelligence (AI) plays a significant role in almost every global market sector. This technology helps in creating new work opportunities along with new business models. By supplementing human capabilities, artificial intelligence contributes in various ways that can lead to higher productivity and more human workforce demand.

The Organization for Economic Cooperation and Development (OECD) has released a new report on the employment outlook 2023. It talks about various risks due to artificial intelligence and the significant issues that must be addressed urgently. One among the series of threats that comes with artificial intelligence is trustworthy usage. This issue includes privacy, security, transparency, accountability, and the growing demands for an individual's rapidly changing skills and mental and physical well-being due to excessive AI-based surveillance. These are the crucial areas on which the trade unions show concern. According to the OECD Outlook 2023, adopting AI in the workplace boosts the development of new AI management models that could assist the change, like the relationship between firms and workers. The major difference between the before and after phase of artificial intelligence is that AI can also do non-routine tasks that extends considerably the scope of automation.

The survey conducted questionnaire addressed to employers and trade unions organizations to get better clarity on the fear over the new transition of AI. The main concern that the organizations have raised is based on the trust-related issues with using artificial intelligence mainly, followed by the demands in changing skills and physical and mental well-being of the workers at the workplace. The employers hold the requirements for the upgradation of skills as the biggest concern, while the trade unions find ethical issues the biggest threat. Both groups differ in their opinions on the benefits of AI adoption at the workplace- the employers primarily view AI as playing an essential role in job security and potentiality for productivity gains; and the unions view job quality improvement along with creating new tasks at the workplace. Also, the majority of the respondents agreed that adopting AI in the work can improve the jobs and develop an effective collaboration between the workers and the artificial intelligence, resulting in rising autonomy in work and reduced work time for the workers.

Trade Union and Employer Views on AI Adoptations

.jpg

Latest News

2024.png
Digital Transformation Slows Down the Global Economy

Globally, the nations are facing downward momentum in their economic activities. The financial condition of advanced economies is declining rapidly in 2024. Surveys suggest that advanced economies are facing economic challenges due to various…

Read More

systems.png
German Companies’ Joint Venture to Boost Large Scale Storage in 2024

The growing clean energy transition process is forcing companies to make significant decisions regarding the storage of clean energy. Germany's energy market surges in power with necessary steps towards uplifting clean energy. The increasing…

Read More

Gamble.png
Consumers Behavior Makes Food and Beverage Companies World Leaders in FMCG Rankings

Fast moving consumer goods (FMCG) are the important goods that consumers use in their daily activities. These products are otherwise known as consumer-packaged goods, thus, they include a range of products, such as food and beverages, healthcare…

Read More

emission.png
Need of More Renewable’s Growth to Replace Fossil Fuel’s Dominance in 2024

The energy sector will go through dynamic changes in 2024. This is due to the rapid growth of the clean energy transition in the energy sector. Hence, renewables like wind and solar energy are gaining momentum in the market. However, fossil fuels…

Read More

2024.png
Global Economy Attains Stability, may Affect Consumers Behavior

The global economy faces new challenges in 2024 that economically represent both positive and negative aspects. According to survey data, the global economy will stabilize for the first time in three years. The world economy will experience economic…

Read More

Author Pic
Aarti Dhapte

Team Lead - Research