OECD warns of ‘scarring effects,’ recession scenarios—but finds ‘no signs of widespread labour displacement’ from AI

OECD warns of ‘scarring effects,’ recession scenarios—but finds ‘no signs of widespread labour displacement’ from AI

The OECD's latest economic outlook highlights potential recession risks and warns of "scarring effects" from the pandemic, but also reassures that there are no widespread signs of labor displacement due to AI. The real concern lies in the lack of digital skills among workers, which is seen as a significant barrier to adopting AI technologies. This points to a crucial need for upskilling and reskilling initiatives to ensure that the workforce can adapt to technological advancements without falling behind.

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