At the IMF annual meetings in Singapore, Managing Director Kristalina Georgieva warned that artificial intelligence is hitting the global labour market like a slow‑moving tsunami, with young graduates most at risk. Singapore President Tharman Shanmugaratnam, co‑chair of the World Bank Jobs Council, said governments should make the crisis‑era hiring measures used during Covid‑19 a permanent tool to help fresh graduates find work. World Bank President Ajay Banga noted that 1.2 billion people will turn 18 in the next 15 years and that private capital will need to create most of those jobs.
Why it matters
Policymakers may adopt lasting hiring subsidies and training programmes to keep young people employed as AI reshapes entry‑level jobs.
