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.
Related Posts
Cricketer Yash Dayal accused of sexually assaulting minor girl at city hotel
IPL cricketer Yash Dayal faces a second FIR, this time in Jaipur, alleging repeated sexual assault of a minor in 2023 and again in April. […]
Trump names Democrat he’d ‘love’ to face in ‘third-term’ showdown
In a conversation with Fox News, President Trump expressed eagerness about potentially facing Barack Obama in an election. Despite hints about a third-term run, Trump […]
Chinese billionaire who wants 20 US-born children has ‘marriage plans with’ Elon Musk
Chinese billionaire Xu Bo, founder of a major mobile gaming firm, is reportedly aiming to father dozens of children via American surrogates to inherit his […]