"When he addresses business leaders and bankers at Mansion House, the London mayor will say: AI could enable us to transform our public services, turbocharge productivity and tackle some of our most complex challenges, but used recklessly, will usher in a new era of mass unemployment. He will warn that the impact on the labour market will be nothing short of colossal."
"In his annual Mansion House speech, the London mayor will say the capital is at the sharpest edge of change because of its reliance on white-collar workers in the finance and creative industries, and professional services such as law, accounting, consulting and marketing. The mayor will argue that we have a moral, social and economic duty to act to ensure that new jobs are created to replace those that will disappear, with entry-level and junior jobs the first to go."
London faces acute disruption from AI because of its heavy reliance on finance, creative industries and professional services such as law, accounting, consulting and marketing. Entry-level and junior roles are expected to be the first to disappear, and research suggests 70% of skills in the average job will have changed by 2030. AI presents opportunities to transform public services and boost productivity, but reckless use could trigger mass unemployment and a colossal labour-market impact. A London taskforce on AI and the future of work will assess job-market effects, involve government, business and AI-sector expertise, and offer free AI training. More than half of London workers expect AI to affect their jobs within 12 months, and up to 3 million low-skilled UK roles in trades, machine operations and admin could be affected.
Read at www.theguardian.com
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