Entry level jobs fall by nearly a third since ChatGPT launch
What ChatGPT has done to the availability of graduate jobs
- Research indicates a significant decline in UK entry-level jobs, including graduate and apprenticeship roles, by nearly a third (31.9 per cent) since the launch of ChatGPT.
- Job search site Adzuna found that entry-level positions now constitute only a quarter of the total job market, marking the lowest level for graduate vacancies since the Covid-19 pandemic.
- This reduction is attributed to the increasing adoption of artificial intelligence for tasks previously performed by junior staff, alongside factors like rising labour costs and National Insurance contributions.
- An AI firm CEO, Dario Amodei, warned that AI could eliminate up to half of all entry-level jobs within five years, potentially increasing UK unemployment to 10-20 per cent.
- Major companies like BT and Amazon have announced plans for significant headcount reductions, with artificial intelligence expected to take over a substantial portion of the work.