ARTIFICIAL intelligence is transforming the Philippines' service-driven economy, but it also poses risks to employment, the International Monetary Fund said in a report.In the paper, 2024 Article IV Consultation and Staff Report on the Philippines, the IMF outlined how advancements in AI are increasingly capable of performing tasks traditionally handled by human workers.
Nonetheless, the IMF enumerated the challenges tied to the increasing automation of low-complementarity jobs — positions that are more likely to be fully replaced by AI.This trend is seen to affect approximately 14 percent of the workforce, which could lead to job displacement in certain sectors such as customer service and clerical roles.Women are more likely to be affected, with about half of all jobs they hold being highly exposed to AI, compared to a quarter of jobs held by men.
To Affect 14% Of PH Workforce IMF Report
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