Veytics Intelligence
2026-10-12 · CNBC

World Bank jobs council urges 'crisis-era' support measures as IMF warns of AI ‘tsunami’ hit

BANGKOK — Policymakers are moving from debating whether artificial intelligence will hit jobs to issuing stark warnings about AI-led disruption and recommending measures on cushioning the fallout. International Monetary Fund Managing Director Kristalina Georgieva warned on Monday that artificial intelligence was hitting the global labor market like a "slow-moving tsunami," with young graduates first in line to be knocked down. "People to worry about, first and foremost, [are] young people that are coming into the labor market," Georgieva said at a panels on Monday. "Normally, they would get into these routine, repetitive jobs and then grow up the ranks. But if they're gone, I don't think any young person wants to be a barista in a coffee shop as ...

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