AI may ‘exacerbate inequality’ at work. Here’s how experts think companies should address that

The growth of AI may bring about both positive and negative impacts in the future, according to expert Pedro Uria-Recio. As artificial intelligence continues to rise, workplace leaders are faced with the challenge of balancing human welfare and profitability. Uria-Recio emphasized the importance of safeguarding jobs amidst concerns that the AI surge could lead to unemployment and worsen inequality globally. It is crucial for companies to equip their workforce with the necessary skills to navigate the AI revolution effectively and create new job opportunities, Uria-Recio noted.

However, there are differing opinions among workplace leaders regarding how to address the impact of AI. Some argue that protecting jobs may not be the most effective approach and instead advocate for adapting employment practices to the changing landscape. The AI revolution, akin to past disruptions like the internet’s emergence in the late 20th century, is reshaping industries and prompting companies to reshape their workforce strategies to stay competitive.

As AI technology evolves, there is a growing focus on the ethical implications of its applications. Experts stress the need to address biases in AI algorithms, which can exacerbate existing prejudices present in the data used to train these systems. Despite these challenges, experts like Tomasz Kurczyk remain optimistic about AI’s potential to create new opportunities, particularly in artisanal work. They underscore the importance of collaboration among educational institutions, governments, and businesses to mitigate inequalities and ensure a more inclusive future in the age of AI.