Wages Are Down 4% in Rich Nations as ‘AI Revolution’ Looms: OECD

Wages Are Down 4% in Rich Nations as 'AI Revolution' Looms: OECD

As corporate profits soar, the real income of workers in 38 wealthy countries has fallen by an average of nearly 4% over the past year, and the situation could deteriorate further as artificial intelligence and other forms of technology threaten to automate 27% of existing jobs in the same nations.

That’s according to the Organization for Economic Cooperation and Development’s (OECD) latest annual employment outlook , published Tuesday, which stresses the "urgent need to act."

"OECD countries may be on the brink of an AI revolution."One of the report’s key findings is that in most high-income countries, labor markets have "stabilized" […]

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