AI could diminish wage bargaining power and transform job roles, report finds

AI could diminish wage bargaining power and transform job roles, report finds

With artificial intelligence expected to disrupt work, experts are calling for businesses, governments and unions to work together to mitigate the threats Credit: Kentoh/iStockphoto, Fonikum/Getty Images Artificial intelligence (AI) and automation could diminish wage bargaining power and transform job roles in an unequal manner, but also solve some labour shortages, a report has found.

The Allianz Trade No quick wins: more jobs but little productivity in the Eurozone report highlighted that AI-centric disruption could permanently diminish wage bargaining power via new working agreements and role redundancy.

While this disruption might benefit countries with an ageing population or those that are suffering […]

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