Gorjigova Warns of AI Job Threats
The Managing Director of the International Monetary Fund, Kristalina Georgieva, stated that artificial intelligence represents a "slow tsunami" threatening the labor market and public finances, as it reduces the demand for labor and increases low-wage jobs, especially in the construction sector. She warned that technology is putting pressure on government revenues, as it shifts the economy towards capital and away from labor, which is the primary source of tax income. She called for a review of the education systems and urgent measures to help society adapt to the long-term impacts of artificial intelligence on jobs and public finances.
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