IMF warns AI will hit young workers first, with 40% of global jobs exposed
Overview
IMF Managing Director Kristalina Georgieva says AI is disrupting the global labor market gradually, with young graduates the 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, according to CNBC's report.
Separately, Singapore President Tharman Shanmugaratnam, co-chair of the World Bank's Jobs Council, urges governments to make "crisis-era" support measures for hiring young people a permanent policy tool.
Written by AI from the articles below · updated Oct 12, 5:54 AM ET
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- CNBC · TechnologyNewsWorld Bank jobs council urges permanent youth employment support as IMF warns of AI disruption
AIIMF 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.
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