On March 31st, according to Bloomberg, London is going through a AI The impact of the structural crisis driving youth employment is disproportionately concentrated on young people entering the workplace。
ACCORDING TO DATA QUOTED BY BLOOMBERG, ABOUT ONE THIRD OF WORKERS IN LONDON ARE IN INDUSTRIES HIGHLY EXPOSED TO AI ALTERNATIVE RISKS, SUCH AS PROFESSIONAL SERVICES, ADMINISTRATION, IT AND FINANCE, A PROPORTION SIGNIFICANTLY ABOVE THE AVERAGE OF ABOUT ONE QUARTER OF THE UK。
The headhunter company Robert Walters, Managing Director of the British and Irish Districts, Daniel Harris, stated that white-collar employers were using automation on a large scale to replace junior positions or to relocate recruitment to areas where the cost of work was lower。
THE REPORT ALSO NOTES THAT AI ' S SHOCK LOGIC IS ASYMMETRICAL. IT TENDS TO REWARD EXPERIENCED SENIOR PRACTITIONERS WHILE GIVING PRIORITY TO PHASING OUT THOSE THAT HAVE NOT YET ACCUMULATEDWorkIntroduction to curriculum vitae. This means that young people who have just graduated and who need the first job to develop experience are precisely the groups most difficult to cross。
According to the recruitment website Adzuna, the number of eligible graduates in London has dropped from about 13,000 in 2019 to about 2000 at the beginning of the year, a drop of over 85%; the proportion of London positions in the total number of all British eligible graduates has also shrunk from one third a decade ago to one fifth today。
AT THE SAME TIME, THE UNEMPLOYMENT RATE AMONG 16 TO 24-YEAR-OLDS IN LONDON HAS RISEN TO 251 TP3T, NOT ONLY THE HIGHEST IN THE UK, BUT ALSO HIGHER THAN THE EMPLOYMENT LEVELS OF THEIR PEERS IN MAJOR EUROPEAN CITIES SUCH AS MADRID AND PARIS。
A LEADING GRADUATE IN COMPUTER SCIENCE SAID, "NOW THAT EVERYONE IS TALKING ABOUT AI'S ALTERNATIVE SOFTWARE DEVELOPER, IT'S TOO HARD TO COMPETE WITH A TECHNOLOGY THAT IS WRONG BUT CAN BE EASILY CORRECTED BY A SENIOR ENGINEER. I'M SORRY