World Bank jobs council urges crisis-era support as IMF warns of AI labor market tsunami
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IMF Managing Director Kristalina Georgieva warned that artificial intelligence is hitting the global labor market like a slow-moving tsunami, posing the greatest threat to young graduates entering the workforce. Speaking on Monday, Georgieva and Singapore President Tharman Shanmugaratnam—co-chair of the World Bank's Jobs Council—urged governments to adopt crisis-era support policies as permanent structural measures to incentivize private sector hiring for fresh graduates.
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