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International Monetary Fund Managing Director Kristalina Georgieva warned on Monday that artificial intelligence is impacting the global labor market like a "slow-moving tsunami," with young graduates facing the earliest and most severe disruption.
Speaking in Bangkok, Georgieva stated that new entrants to the workforce are first in line to be affected, noting that the routine entry-level positions previously used to build careers are vanishing.
She argued that no young person should view a barista role as a professional future if those foundational jobs disappear.
Singapore President Tharman Shanmugaratnam, who co-chairs the World Bank's Jobs Council, called for a shift in policy approach on the same panel.
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