Nations need to invest more in AI, re-skilling labour: LSE Director

Countries have to be better prepared for the impact of artificial intelligence (AI) on their labour force and jobs, according to Minouche Shafik, Director, London School of Economics and Political Science (LSE).

Addressing the IG Patel lecture here on Wednesday, Shafik said not every country is investing enough in skilling its labour force for the advent of AI. “The only country which has made significant investments is Denmark, which spends 1.7 per cent of its GDP on active labour market policies,” she said in response to a question.

Shafik further said AI will impact several jobs in services, be it doctors or lawyers. A large number of jobs will get automated, she added.