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AI Will Hit 40% of Jobs, IMF Warns. Young People Are First in Line

IMF Managing Director Kristalina Georgieva said in Bangkok that AI investment is keeping global growth near 3% despite an energy shock that continues to weigh on most countries. She said AI will eventually affect about 40% of jobs worldwide and roughly 60% in advanced economies, with young workers hit first because AI absorbs the routine tasks that entry-level jobs are built on. Adoption could add 0.5 to 1 percentage point a year to growth in advanced economies and 0.2 to 0.8 points in emerging ones, with Asian AI hardware producers the biggest winners. Georgieva also warned that AI could erode tax revenue if it shifts income from workers to owners of capital. The IMF will publish its full World Economic Outlook on October 13, its first revision to the 3% global growth forecast since July.

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