‘Slow-moving tsunami’ – IMF warns AI could hit 60 per cent of jobs in advanced economies
AI’s impact on employment “is a slow-moving tsunami, but a tsunami nonetheless”, the head of the International Monetary Fund (IMF) has warned, as the technology threatens to reshape six in ten jobs across advanced economies. Kristalina Georgieva, managing director of the IMF, said AI could affect 40 per cent of jobs worldwide, rising to 60 [...]
The International Monetary Fund (IMF) has issued a stark warning that artificial intelligence (AI) could have a profound impact on employment, potentially affecting up to 60% of jobs in advanced economies. Kristalina Georgieva, the managing director of the IMF, compared the threat posed by AI to a "slow-moving tsunami" as it has the potential to reshape a significant portion of jobs across the globe.
The worry is particularly strong for younger workers, who may struggle to find traditional career paths as routine and repetitive jobs become automated. In wealthier countries, the impact could be even more severe, with AI-related job displacement reaching 60% of the workforce. Georgieva highlighted that while the immediate effect of AI on employment is a shift in the types of jobs required, the long-term consequences remain uncertain.
She called on governments to adapt education systems, invest in lifelong learning, and closely monitor the evolving job market to mitigate potential disruptions.
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