World Bank jobs council urges 'crisis-era' employment support measures as IMF warns of AI 'tsunami'
Policymakers are shifting from debating AI's impact on jobs to recommending measures to cushion job losses, according to remarks at a panel in Bangkok. IMF Managing Director Kristalina Georgieva warned that AI is hitting the global labor market like a 'slow-moving tsunami,' with young graduates most at risk. World Bank Jobs Council co-chair and Singapore President Tharman Shanmugaratnam called…
Key points
- IMF's Georgieva warned AI is hitting global labor market like a 'slow-moving tsunami,' with young graduates first at risk.
- World Bank's Shanmugaratnam urged governments to make 'crisis-era' job support measures permanent to hire fresh graduates.
- IMF estimates 40% of global jobs will be augmented, downgraded, or eliminated; 60% exposure in advanced economies, 23% in low-income.
World Bank jobs council urges 'crisis-era' employment support measures as IMF warns of AI ‘tsunami’
CNBC Technology · 13 October 2026
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