IMF Chief Warns AI Is Hitting Jobs Like a 'Slow-Moving Tsunami'

· Economy · United States

IMF Managing Director Kristalina Georgieva warned that artificial intelligence is hitting the global labor market like a "slow-moving tsunami," with young workers entering the job market the most exposed because the technology is hollowing out demand for routine, repetitive tasks. A World Bank jobs council urged "crisis-era" employment support measures in response. The warnings come as central banks and governments grapple with how AI will reshape employment and tax bases. The IMF's annual meetings in Bangkok have put the technology's labor-market impact at the centre of policy discussions.

Why it matters：AI's effect on jobs and tax revenue is becoming a top concern for policymakers worldwide, shaping how governments support workers.

Key points

  • Georgieva said AI is hitting the labor market like a 'slow-moving tsunami'
  • Young workers entering the job market are the most exposed
  • A World Bank jobs council urged 'crisis-era' employment support measures

Sources (original reporting)

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