World Bank jobs council urges 'crisis-era' employment support as IMF warns of AI 'tsunami'
At the IMF–World Bank meetings in Bangkok, Managing Director Kristalina Georgieva warned that artificial intelligence is hitting the global labor market like a "slow-moving tsunami," with young graduates most exposed. Singapore President Tharman Shanmugaratnam, co-chair of the World Bank Jobs Council, urged governments to make pandemic-style employment supports permanent and incentivize firms to hire graduates. The IMF estimates about 40% of jobs worldwide will eventually be augmented, downgraded or eliminated.
Source: CNBC