World Bank jobs council urges permanent youth employment support as IMF warns of AI disruption

IMF Managing Director Kristalina Georgieva warned that AI is hitting the global labor market like a "slow-moving tsunami," with young graduates most exposed.

The IMF estimates about 40% of jobs worldwide will be "augmented, downgraded or eliminated," with exposure at about 60% in advanced economies and 23% in low-income countries.

Singapore President Tharman Shanmugaratnam, co-chair of the World Bank's Jobs Council, urged governments to make "crisis-era" support measures a permanent policy tool for hiring young people.