SINGAPORE: The rise of artificial intelligence (AI) will cause a “positive” shift in the traditional hierarchy of jobs, President Tharman Shanmugaratnam said on Wednesday (Nov 15).
“What you regard as a better job and a job that deserves better pay might shift considerably in the years to come. The way we value IQ over EQ might change,” he said during a fireside chat on the first day of this year’s Singapore FinTech Festival (SFF).
There is a range of jobs which require intelligence quotient, or IQ, that can actually be taken over by large language models (LLMs) and AI, and performed even more efficiently and better, said Mr Tharman at the Singapore Expo.
“We will then have to think hard about the jobs we really value (such as) the jobs that require teamwork, the jobs that require collective imagination (and) the care jobs, and we’ll have to value them accordingly,” he said.
The three-day SFF brings together policy, finance and technology players from around the world to discuss cutting-edge financial solutions, evolving regulatory landscapes and the latest technological innovations.
