Singapore President Tharman Shanmugaratnam said on Monday that governments must address how artificial intelligence is reducing job demand for fresh graduates. He noted, "The first rung in employment, your first job upon graduation, is now seeing less demand." He also warned that AI could create a new divergence between global economies.
BANGKOK, Oct 12 (Reuters) - Singapore President Tharman Shanmugaratnam said governments across the world should address the pressing issue of how the emergence of artificial intelligence is dampening jobs demand for fresh 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," Shanmugaratnam told IMF and World Bank annual meetings in Bangkok on Monday.
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"The evidence is already very clear, it's clearest in the most AI-exposed sectors."
He said the world should also avoid a situation where a "new divergence" forms between developing and advanced economies due to disruptions from AI.