IMF chief warns AI could reshape global jobs market
Kristalina Georgieva said artificial intelligence is expected to affect about 40% of jobs worldwide, and that young entrants to the workforce are most exposed.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
International Monetary Fund Managing Director Kristalina Georgieva said artificial intelligence technologies are expected to affect roughly 40% of jobs worldwide. She said the technology is already reducing demand for many human workers by taking over routine, repetitive tasks. She described AI's effect on the labor market as a slow-moving tsunami, with young workers entering the job market the most exposed.
Why it matters
Young workers entering the job market are the most exposed.
Coverage
- World Bank jobs council urges 'crisis-era' support measures as IMF warns of AI ‘tsunami’ hit (CNBC)
- IMF chief warns of threat from AI to jobs and taxes (The Japan Times)
- IMF Chief: artificial intelligence to affect 40% of jobs worldwide (Qabil Ashirov Read more)
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