IMF Managing Director GEORGIEVA said on Monday at the IMF–World Bank annual meetings in Bangkok that AI is already reshaping labor markets and could undermine tax systems, urging policymakers to rethink education and take immediate steps to help societies adapt. She said AI is replacing large volumes of repetitive, procedural work and reducing demand for some workers, while expanding low-paid roles in sectors such as construction. GEORGIEVA warned the transition could have deep fiscal consequenc

IMF Managing Director GEORGIEVA said on Monday at the IMF–World Bank annual meetings in Bangkok that AI is already reshaping labor markets and could undermine tax systems, urging policymakers to rethink education and take immediate steps to help societies adapt. She said AI is replacing large volumes of repetitive, procedural work and reducing demand for some workers, while expanding low-paid roles in sectors such as construction. GEORGIEVA warned the transition could have deep fiscal consequences: AI may shift income from labor toward capital and weaken government tax bases that depend heavily on labor income.