AI Could Affect 4 in 10 Jobs Worldwide, IMF Chief Warns: 'Slow-Moving Tsunami'
The IMF said AI could affect 40% of jobs worldwide and warned that young workers face the biggest risk as benefits remain uneven.
- On Monday in Bangkok, International Monetary Fund Chief Kristalina Georgieva described AI as a "slow-moving tsunami," warning that up to 40% of jobs worldwide could be affected by the technology.
- While AI-related investment keeps the world economy growing at 3%, Georgieva noted benefits remain uneven; economies linked to technology supply chains in Asia, including Thailand, have gained more than others.
- Younger workers face the highest risk as AI removes entry-level roles, with executive Aneesh Raman describing the modern career ladder as a "climbing wall" requiring sideways moves rather than linear advancement.
- Governments must rethink labor market taxation and education policies, Georgieva added, as AI shifts the structure toward capital, leaving officials to determine what should be taxed when labor diminishes.
- Lifelong learning is now a paramount necessity, Georgieva emphasized, since individuals can no longer acquire a single skill and hold it throughout their entire professional career in the age of AI.
13 Articles
13 Articles
"This is a slow-onset tsunami, but it's still a tsunami." This is how IMF Managing Director Kristalina Georgieva described the impact of skilled talent on the labor market at the IMF and World Bank annual meetings in Bangkok. The organization's forecast is that about 60% of jobs in developed economies will be affected by technology in the future, and on a global scale - about 40%, according to BTA. The impact does not mean automatic elimination,…
Is AI Taking Our Jobs? The IMF Says Young People Should Worry First
The risk of AI taking jobs falls hardest on young people, International Monetary Fund (IMF) chief Kristalina Georgieva warned Monday in Bangkok. The routine roles where careers usually begin are vanishing first, she said. Georgieva expects AI to eventually touch about 40% of jobs worldwide. Yet the...
There would be a tsunami on the job, but, according to the Managing Director of the IMF, it is a slow-moving tsunami that will first affect young graduates.
The bell sound is drawn. Since Bangkok, the world's highest economic bodies no longer debate AI's threat to employment, but are already looking at how to ameliorate the shock of a wave that promises to be devastating, especially for those who begin.
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