Key takeaways
- Artificial intelligence (AI) and robots have the potential to offset the macroeconomic consequences of an ageing workforce, but the ability to automate jobs depends on which industries are ageing.
- AI and robots substitute most readily for jobs in industries with younger workforces (eg finance), while older, high-employment industries (eg agriculture, health) have less scope for automation.
- A new ageing–automation scorecard for over 130 economies shows that some of the fastest-ageing economies may face more substantial challenges in easing demographic pressures through automation.
The views expressed in this publication are those of the authors and do not necessarily reflect the views of the BIS or its member central banks.
