Since the release of the AI chatbot ChatGPT, the UK has seen a nearly 32% drop in entry-level jobs, according to Adzuna. These roles, encompassing graduate positions and internships, now constitute 25% of the job market, down from 28.9% in 2022. The dip is attributed to companies increasingly adopting AI for cost savings and efficiency, compounded by rising employment costs such as national insurance contributions and wage increases. Industry leaders warn of significant job losses in the coming years if this trend continues, raising concerns over higher unemployment rates.
The decline in entry-level job opportunities reflects a significant shift towards automation, driven by economic pressures and higher employment costs, with AI playing a pivotal role.
James Neave highlighted that as companies aim for efficiency and cost savings, reducing or eliminating entry-level hiring has become an appealing option for employers.
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