Number of new UK entry-level jobs has dived since ChatGPT launch
10 months ago
- #AI
- #Job Market
- #Automation
- New entry-level UK jobs have dropped by 32% since ChatGPT's launch in November 2022.
- Businesses are using AI to improve efficiency and reduce staff numbers, with some predicting deeper job cuts.
- AI could eliminate half of all entry-level office jobs in the next five years, increasing unemployment by 10-20%.
- Graduates face the toughest job market since 2018, with a 33% drop in advertised roles compared to last year.
- Companies like Klarna and IBM are using AI for customer service and HR tasks, reducing human roles but increasing demand for programmers and salespeople.
- 60% of jobs in advanced economies are exposed to AI, with half potentially negatively affected, though new roles may be created.
- Workers with AI skills earned 56% more than those without in 2023, up from 25% in 2022.
- Employers' skill demands are changing 66% faster in AI-exposed roles, making it harder for workers to keep up.
- The UK technology secretary urges workers and businesses to adopt AI now to avoid being left behind.