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AI may displace 3m jobs but long-term losses ‘relatively modest’, says Tony Blair’s thinktank

  • Artificial intelligence (AI) could displace between 1m and 3m private sector jobs in the UK, but long-term losses are expected to be relatively modest.
  • The Tony Blair Institute (TBI) estimates that between 60,000 and 275,000 jobs will be displaced annually over a couple of decades at the peak of the disruption.
  • However, TBI predicts that total job losses will be in the low hundreds of thousands, as AI creates new demand for workers and pulls them back into the economy.
  • The report also suggests that the deployment of AI could raise GDP and increase economic growth by up to 1% over the next five years.

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