cross-posted from: https://futurology.today/post/6482997

James Reed, chief executive of Reed, told Times Radio that his site advertised around 180,000 graduate jobs three or four years ago, and this is now down to 55,000.

He encouraged aspiring families to encourage their children to look into manual labour jobs as AI increasingly automates aspects of white-collar roles.

"The direction of travel is what worries me. Some people might say, well, that’s your business. But every other business is saying the same thing, that far fewer graduate opportunities are available to young people,” he said.

But guess what’s a few years away? Cheap humanoid robots powered by AI. So even the manual labor jobs will start shrinking. Approx 750,000 people in Britain have jobs that are primarily driving vehicles; self-driving vehicles mean their days are numbered, too.

What we aren’t seeing yet is these facts seriously impacting politics. When will that happen?

Graduates face ‘white-collar’ recession in jobs market

  • pathos@lemmy.world
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    14 days ago

    So we breed a slave caste for our AI taskmasters and their ultra rich owners?

  • Hotznplotzn@lemmy.sdf.org
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    14 days ago

    Mr. Reed might fear more about his own business than about others’.

    The problem is not limited to the UK or Europe as we know. Recent college graduates in the US face a new obstacle in finding a job: AI.

    And also China’s technology drive leaves young people jobless.

    Europe must urgently adjust its social system. In the US and even more so in China - the two countries at the forefront of AI - the social protection systems are much weaker.

  • CosmoNova@lemmy.world
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    13 days ago

    Entire industries will be shocked when senior devs retire and there‘s no one to replace them because they stopped training them. They‘re going full steam ahead into a dead end.

  • daw@feddit.org
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    14 days ago

    I don’t fucking buy it. I know that the version of Machine Learning based technologies we have right now is the worst it’ll ever be but I think that there is a fundamental roadblock around creativity and extrapolation. Maybe they will sometime be managing to produce acceptable code for standard tasks but for actual Science and RnD as well as higher stuff I believe it when I see it.

  • Aliktren@lemmy.world
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    14 days ago

    Meanwhile we struggle to find good people, the roles are falling because the economy is slow rn