AI's labour-market tsunami: IMF chief warns youth will bear the brunt

IMF director Kristalina Georgieva warned at Davos that AI could transform up to 60% of jobs in advanced economies (40% globally), risking entry-level roles for young people while some tasks are enhanced for others; the middle class could face pay pressure without productivity gains. She called for safer, more inclusive regulation as AI grows rapidly. Other Davos speakers highlighted productivity benefits, the need for global cooperation, and concerns about widening inequality as AI expands.