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?
Lucrative? You surely mean VC investment fueled. AI companies are setting cash on fire each day to keep the hype going, there is no profit.
A good indicator is employees selling their stock options instead of holding on to them. You’d think they hold onto if AI was really the future.
I meant “lucrative for the tech-bro’s”. That’s emphatically not the same as “profitable”.