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AI could boost LatAm, Caribbean economy 5.1% but wages may fall, IDB says
The bank said limited adoption would add only 0.3% to regional output, while wages could fall 20.9% if workers cannot shift jobs.
Summary by Channel News Asia
8 Articles
8 Articles
The Manila Times+2 Reposted by 2 other sources
IDB Group Convenes Heads of State and Technology Leaders to Advance AI Agenda
·Manila, Philippines (the)
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Channel News Asia+2 Reposted by 2 other sources
AI could boost LatAm, Caribbean economy 5.1% but wages may fall, IDB says
NEW YORK, Sept 21 : Broad adoption of artificial intelligence could leave the economy of Latin America and the Caribbean 5.1 per cent larger after a decade, but wages could fall by as much as 20.9 per cent if workers cannot move into jobs expanding with AI, according to forthcoming research from the Inter-American
·Singapore, Singapore
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The widespread adoption of AI could cause the economy of Latin America and the Caribbean to grow by 5.1% after a decade, but wages could fall by up to 20.9% if workers fail to access the jobs created by AI, according to an upcoming IDB study.
·Mexico City, Mexico
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Total News Sources8
Leaning Left0Leaning Right1Center3Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
C 75%
R 25%
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