Claims extracted
21
sentences that state something as happening or true
Uncertain
5%
1 of 21 hedged
("reportedly", "may", "according to")
Leaning
Leans left
of the writing, not the subject · beta estimate
Publisher signals
69/100
Daily Mail's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Artificial intelligence is ‘a slow-moving tsunami’ that will wipe out jobs around the world and destroy opportunities for the young, the head of the International Monetary Fund has warned.
asserted
head → move → Fund
At the start of the Fund’s annual meetings in Bangkok, Kristalina Georgieva said around 40 per cent of all jobs will eventually be ‘augmented, downgraded or eliminated’ by the technology.
asserted
cent → say → technology
‘It is a slow-moving tsunami but a tsunami nonetheless,’ she said.
asserted
she → move → ?
It so completely changes how we work, how we live.
asserted
we → change → ?
It is here, and we are already seeing the first wave of impact.’
asserted
we → see → impact
IMF managing director Kristalina Georgieva at the organisation's annual meeting in Bangkok, Thailand
Georgieva warned that the young will bear the brunt of the AI boom if entry-level jobs are wiped out – robbing them of opportunities to start their careers.
asserted
jobs → warn → careers
‘People to worry about, first and foremost, are young people that are coming into the labor market,’ she said.
asserted
she → worry → market
‘Normally, they would get into these routine, repetitive jobs and then grow up the ranks.’
asserted
they → get → ranks
Speaking at the same event in Thailand, Singapore President Tharman Shanmugaratnam sounded the alarm over the impact on graduates.
asserted
Shanmugaratnam → speak → graduates
‘There is a particular problem that we have to address very soon and that is that the first rung in employment, your first job upon graduation, is now seeing less demand,’ he said.
asserted
he → be → demand
Georgieva said the impact on jobs would also hit the public finances because taxes on income are a major source of revenue for governments – including in the UK.
asserted
taxes → say → UK
Concern about prospects for the young is mounting in the UK with nearly one million aged between 16 and 24 now classed as NEETs – not in employment, education or training.
asserted
million → mount → employment
Former Labour cabinet minister Alan Milburn, who is leading a major review into Britain’s youth jobs crisis, has warned of the risks of a ‘lost generation’ as AI and automation threaten entry-level jobs.
asserted
AI → lead → jobs
He is due to publish his report after this month’s Budget.
asserted
He → publish → Budget
Advertising guru Sir Martin Sorrell warned job prospects in Britain have been hit by the rising cost of employing staff – such as Labour’s national insurance hike and new rights for workers.
asserted
prospects → warn → workers
Warning of ‘restrictions on hiring people’ in the UK, he told the Daily Mail: ‘The changes in the labour laws, the cost of hiring people and the inflexibility is making people more cautious about hiring.
asserted
people → warn → people
With AI coming down the track, AI will increasingly replace labour as a result.’
But while AI is posing a threat to jobs and tax receipts, Georgieva said it is has also triggered an investment boom that is keeping global growth at around 3 per cent despite soaring energy prices stemming from conflict in the Middle East.
asserted
that → come → East
‘That shift into higher gear is what is keeping the world economy growing at around 3%, despite the fact we are being dragged down by the energy supply shock,’ she said.
asserted
she → keep → shock
If you take out a product This is Money may earn a commission.
uncertain
This → take → commission
These deals are chosen by our editorial team, as we think they are worth highlighting.
asserted
they → choose → team
This does not affect our editorial independence.
asserted
This → affect → independence
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