Artificial Intelligence Warning from Singapore President Tharman Shanmugaratnam
The President of Singapore pointed out at meetings in Bangkok that artificial intelligence is reducing employment demand for fresh graduates.
Singapore President Tharman Shanmugaratnam stated at the IMF and World Bank annual meetings held in Bangkok that the rise of artificial intelligence technologies has lowered job demand for fresh graduates, particularly in sectors affected by AI.
Impact of Artificial Intelligence on Employment
Singapore President Tharman Shanmugaratnam stated that governments around the world must urgently address the issue of artificial intelligence weakening job demand for fresh graduates.
Reduction in Entry-Level Job Opportunities
Shanmugaratnam emphasized that demand has decreased at the initial post-graduation job-seeking stage, and that this situation is most clearly observed in sectors most exposed to artificial intelligence.
Risk of Divergence Among Economies
It was also emphasized at the meeting that a new divergence must not occur between developing countries and advanced economies due to the disruptions caused by artificial intelligence.