The OECD’s 2023 Employment Outlook report reveals that labour markets remain tight, with unemployment at a low not seen since the early 1970s. Nominal wages have not kept up with high and persistent inflation, and real income of workers has fallen in almost all OECD countries. Moreover, the risks of using artificial intelligence (AI) in the workplace, coupled with the rapid pace of AI development and deployment (including the latest generative AI models), underscores the need for decisive action to develop policies to reap the benefits AI can bring to the workplace while addressing risks for workers’ fundamental rights and well-being.
Click here to read the report.