IMF warns 40% of jobs worldwide will be augmented, downgraded or eliminated by AI, with graduates hit first. Leaders urge permanent crisis-era support and incentives to hire young people.

IMF Managing Director Kristalina Georgieva described AI as a "slow-moving tsunami" hitting the global labor market, with young graduates first affected. Singapore President Tharman Shanmugaratnam, co-chairing the World Bank's Jobs Council, urged governments to make pandemic-era support measures permanent structural policy and to incentivize firms to hire graduates. The IMF estimates roughly 40% of jobs worldwide will be augmented, downgraded or eliminated, with exposure around 60% in advanced economies and 23% in low-income countries. World Bank President Ajay Banga said 1.2 billion young people will turn 18 over 15 years.

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