IMF director warns AI could leave young workers without a way up the career ladder
Source: Business Insider ·
IMF chief Kristalina Georgieva says AI may support global growth while eliminating jobs that help young workers start careers.
From the source
Kristalina Georgieva told a panel that said while AI investment is helping sustain global growth, it doesn’t necessarily mean better career prospects for young people.Roslan RAHMAN / AFP via Getty ImagesThe IMF director warns that though AI may sustain global growth, young people may not benefit.The IMF predicts AI affecting 40% of jobs globally, with 60% in advanced economies like the USA.Georgieva urges a rethink of taxation and education to counter AI's impact on the job market.AI could help keep the global economy growing while pulling the first rung of the career ladder out from under young workers.That’s the warning from International Monetary Fund managing director Kristalina Georgieva, who described AI as a “tsunami” for jobs during a conversation in Bangkok, where Thailand is hosting the IMF–World Bank Annual Meetings from October 12–18.Georgieva told a panel on Monday that while AI investment is helping sustain global growth, a stronger economy doesn’t necessarily mean…