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The integration of artificial intelligence (AI) is transforming the workplace, raising concerns among workers about job security and the future of manual labor. Popular AI tools, such as chatbots and content generators, are becoming more prevalent due to their efficiency and cost-effectiveness. However, this shift towards automation is leading to significant changes in income distribution, favoring capital over wages.
Manuel Muiz, provost of IE University, highlights the widening divide in the labor market as automation makes certain jobs obsolete. A study indicates that nearly half of Filipinos are now using generative AI in their daily tasks, particularly in tech-related fields. This trend not only threatens job security but also risks eroding the middle class, which could have serious political implications.
• AI tools are reshaping the labor market and income distribution.
• 46% of Filipinos use generative AI in work and personal lives.
Generative AI refers to algorithms that can create content, such as text or images, based on input data.
Automation involves using technology to perform tasks that would typically require human intervention, impacting job availability.
Income distribution examines how income is shared among individuals in an economy, which is shifting due to AI.
Jobstreet is an online job platform that reported significant generative AI usage among Filipinos in their work.
IE University is an educational institution where Manuel Muiz serves as provost, focusing on the implications of AI in the workforce.
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