IMF chief warns AI’s ‘slow-moving tsunami’ is coming—and it could leave Gen Z graduates stuck making lattes at Starbucks
Source: Fortune ·
‘I don't think any young person wants to be a barista in a coffee shop as their professional future,’ IMF Managing Director Kristalina Georgieva says.
From the source
The world is only just beginning to feel AI’s impact on the job market, according to Kristalina Georgieva, head of the International Monetary Fund. The coming disruption, she said, is like a “slow-moving tsunami” and warned that young workers could be among those hit hardest. “The people to worry about first and foremost are young people that are coming into the labor market,” Georgieva said at an event in conjunction with the IMF and World Bank annual meetings in Bangkok on Monday. “Normally, they would get into these routine, repetitive jobs and then grow up the ranks. But if they’re gone, I don’t think any young person wants to be a barista in a coffee shop as their professional future.” The IMF estimates that around 40% of jobs worldwide will be augmented, downgraded, or eliminated as AI advances. Georgieva added the technology is already reshaping the labor market: Workers with AI-related skills are earning more, but that hasn’t translated into broad-based job growth. Meanwhile,…