2 weeks ago

AI boom worsens UK youth unemployment to decade high

AI boom worsens UK youth unemployment to decade high
AI Raises The Stakes: Why It's Getting Harder To Get An Entry-Level Job In UK · news18.com

In the UK, it is getting harder for young people to find their first jobs.

The number of young people without jobs has gone up to 16.4%, which is the highest in ten years.

This is happening faster in the UK than in other rich countries.

One big reason is that computers and artificial intelligence, called AI, can now do many simple jobs that young people used to do.

Because of this, companies are hiring fewer new workers.

The government is trying to help by giving money to companies that hire young people.

Some young people are taking unpaid work or jobs that are not as good as their education.

One young person even suggested that graduates should give some of their future pay to companies that hire them.

This shows how worried young people are about finding work.

Key facts

Youth unemployment rate
16.4%
Comparison
Highest in a decade and faster than any other G7 country
Entry-level job cost
Up to £750 (Rs 96,880)
Graduate experience trend
One-third took unpaid work, jobs below qualifications, or work outside preferred career
Proposed policy
Graduates cede 1% of future earnings to hiring companies for first five years
Government response
Grants to employers and expanded jobs-guarantee scheme
Affected sectors
Marketing, administration, finance, and IT

Quotes

Gloucestershire‑based career coach Georgie Blackburn

Career coach advising young professionals

“Entry‑level jobs now cost up to £750 (Rs 96,880)”
news18.com

Sources

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