AI could disrupt nearly half of the world’s jobs, Georgieva urges action

The International Monetary Fund (IMF) predicts that almost 40% of jobs worldwide could be impacted by the growing influence of artificial intelligence (AI), potentially exacerbating global inequality. IMF Chief Kristalina Georgieva, in a blog post ahead of the World Economic Forum, urged governments to establish social safety nets and retraining programs to address the consequences of AI.

Georgieva noted that the effects of AI would likely be more pronounced in advanced economies, where up to 60% of jobs could be affected. While some may benefit from increased productivity, others could face job displacement, lower wages, and reduced hiring. In emerging markets and low-income nations, 40% and 26% of jobs are expected to be affected, respectively, raising concerns about worsening inequality in these regions due to limited infrastructure and skilled workforces.

Georgieva also warned of the potential for social unrest, especially if younger workers embrace AI while senior workers struggle to adapt. Despite the challenges, the IMF recognises opportunities for global economic transformation with the responsible use of AI.