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AI Drives 38% Decline In White-Collar Jobs In UK, Finds McKinsey
- Businesses in the UK are reducing hiring for jobs likely to be impacted by artificial intelligence, as suggested by McKinsey's findings.
- Job postings have dropped 31% over three months, with white-collar jobs declining 38%, according to the McKinsey analysis.
- Demand for roles like programmers has decreased by more than 50% in the past three years, as noted in the analysis.
- Young job seekers face added pressure as inflation and low business confidence persist, according to James Neave from Adzuna.
14 Articles
14 Articles
Is AI Taking White Collar Jobs? The Data Says Yes
UK businesses are dialing back hiring for jobs that are likely to be affected by the rollout of artificial intelligence, a study found, suggesting the new technology is accentuating a slowdown in the nation’s labor market. Job vacancies have declined across the board in the UK as employers cut costs in the face of sluggish growth and high borrowing rates, with the overall number of online job postings down 31% in the three months to May compared…
World News
NDTVAI Drives 38% Decline In White-Collar Jobs In UK, Finds McKinsey
Job vacancies have declined across the board in the UK, with the overall number of online job postings down 31% in the three months to May compared with the same period in 2022, a McKinsey & Co.... ...
AI causes fall in new UK entry-level jobs – Intelligent CXO
A UK job market report from Adzuna showed that entry-level jobs – including graduate jobs, apprenticeships, internships and junior jobs with no degree requirement – fell -31.89% since the ChatGPT commercial breakthrough in November, 2022. Graduate hiring weakened, with advertised vacancies falling a further -4.2% in May, now sitting at -28.4% below the same time last year and at the lowest level since July 2020. Russell Attwood, Founder and CEO,…
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