A recent study indicates that UK companies are reducing recruitment for roles susceptible to automation by artificial intelligence. This trend suggests AI is accelerating the existing slowdown in the UK labour market. While AI is expected to boost productivity and create new jobs, it also poses a threat to existing roles, particularly entry-level positions.
Job postings requiring AI skills have increased, but overall job listings have declined, indicating a shift in demand towards AI expertise. Sectors like information & communication, financial services, and healthcare are actively seeking AI capabilities. The integration of AI necessitates workforce retraining and adaptation to evolving job requirements.
Concerns exist regarding the potential displacement of workers, especially in white-collar jobs, due to AI-driven automation. However, the government and businesses are urged to invest in training programmes to equip individuals with the skills needed for AI-related roles. This proactive approach aims to ensure a smooth transition and mitigate the negative impacts of AI on employment.
