IMF's Georgieva Warns of AI's Threat to Graduate Jobs

The International Monetary Fund (IMF) has issued a warning regarding the impact of artificial intelligence (AI) on employment opportunities for young graduates. IMF Managing Director Kristalina Georgieva stated that the demand for entry-level jobs is declining, especially in technology-exposed sectors.

During the World Bank and IMF meetings, she highlighted that AI could affect around 40 percent of global employment through job augmentation, downgrading, or elimination. Georgieva urged governments to rethink education and labor market policies to better prepare workers for the evolving job landscape.

Singapore President Tharman Shanmugaratnam echoed these concerns, noting that the decline in demand for first jobs is evident and could lead to a widening gap between economic growth and job creation in developing countries. He called for collaboration between governments and private businesses to create job opportunities for fresh graduates and emphasized the need for practical training in higher education to align with changing workplace demands.