IMF chief 'agrees' AI will wipe out many jobs; but says it will also lead to ...
IMF Managing Director Kristalina Georgieva warns that AI could eliminate up to 60% of jobs in advanced economies. While AI may boost demand for low-wage service jobs through increased spending by higher earners, the middle class faces wage stagnation and entry-level positions are threatened by automation.
IMF Managing Director Kristalina Georgieva warns that AI could eliminate up to 60% of jobs in advanced economies. While AI may boost demand for low-wage service jobs through increased spending by higher earners, the middle class faces wage stagnation and entry-level positions are threatened by automation.
