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Story summary
- International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned AI threatens global labor markets, hollowing out routine jobs.
- The IMF estimates 40% of jobs will be augmented, downgraded or eliminated, with 60% exposure in economies.
- World Bank President Ajay Banga projected 1.2 billion youths will turn 18 in 15 years, needing private-sector jobs.
- Singapore President Tharman Shanmugaratnam urged crisis-era hiring of fresh graduates after U.S. graduate demand fell, shrinking wage premium.
