Groundbreaking Study Uncovers AI’s Early Effects on the UK Job Market

🔍 New Study Reveals Job Market Shifts Post-ChatGPT

A compelling analysis by Dr. Bouke Klein Teeselink from King’s College London sheds light on the evolving job landscape following the launch of ChatGPT in November 2022. Key findings reveal:

• Employment Decline: Firms most exposed to AI capabilities saw an average job reduction of 4.5%, primarily in junior roles (down 5.8%).

• Salary Surge: As junior positions diminish, average pay increased by over £1,300, highlighting shifts towards senior roles.

• Hiring Trends: Companies are 16.3 percentage points less likely to post new jobs; technical roles like software engineers face the steepest declines, while customer-facing roles become more resilient.

• Impact on Skill Development: Job losses in entry-level positions threaten traditional learning pathways, emphasizing the need for policy-makers to focus on fine-tuning skill development.

Dr. Klein Teeselink underscores the importance of interpersonal skills as AI progresses, suggesting a pivot in retraining programs.

💬 What are your thoughts on AI’s impact on jobs? Let’s discuss! Share your insights below!

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