IMF Chief Warns AI ‘Slow-Moving Tsunami’ Could Hit Young Workers

Artificial intelligence could affect about 40% of jobs globally and place early pressure on young workers entering routine roles, International Monetary Fund Managing Director Kristalina Georgieva said in Bangkok on Oct. 12. “AI’s effects on employment are another worry, ‘a slow moving tsunami, but a tsunami nonetheless.’” Georgieva said. She added: “The impact over time on jobs globally we estimate to be around 40% - jobs either augmented or downgraded or eliminated.” The 40% figure in Georgieva’s remarks describes jobs that may be changed in different ways, including through higher productivity, reduced demand for human labor or elimination.

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