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World Bank jobs council urges 'crisis-era' support measures as IMF warns of AI ‘tsunami’ hit

CNBC Economy·October 12, 2026·1 min read
World Bank jobs council urges 'crisis-era' support measures as IMF warns of AI ‘tsunami’ hit

IMF Chief Kristalina Georgieva warned AI is hitting the global labor market like a "slow-moving tsunami," with young workers entering the job market the most exposed. The World Bank's jobs council urged "crisis-era" support measures, including income protection and retraining programs, to cushion the impact on vulnerable groups as automation reshapes employment worldwide.

Read at CNBC Economy
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