New Warning: IMF Chief Sees Entry-Level Jobs and Public Finances Threatened by AI

This insight is not new: Systems powered by artificial intelligence are taking over more and more work that can be standardized—and this is particularly affecting young workers worldwide, IMF Managing Director Kristalina Georgieva warned during the IMF and World Bank meeting in Bangkok. Overall, only a few groups of workers have benefited so far from the massive investments in AI, according to the head of the International Monetary Fund. According to Georgieva, value creation is increasingly shifting toward capital and away from human labor—with the result that tax revenues are also eroding in many Western-style countries.
Lifelong learning and career flexibility are therefore all the more essential, especially for younger people. Overall, according to the IMF chief, the most advanced economies in Southeast Asia have the best prospects—which, conversely, is not a good sign for the countries of Western Europe…