Since ChatGPT was launched in 2022, 94% (268,000) of the 285,000 jobs lost by young people (aged 15-29) over four years were AI-exposed jobs such as computer programming, according to the Bank of Korea on the 18th. This is because companies reduced new hires as their main tasks could be replaced by AI.
According to 'Youth Employment Slump, Is It Due to AI? Changing Career Ladders and Response Tasks' released by the Bank of Korea on this day, youth jobs in the information service industry decreased by 31.4% as of June last year compared to June 2022, four years ago. Publishing decreased by 27.4%, computer programming by 16.6%, and professional services by 11.6%. All are jobs where AI can replace some or all of the work.
On the other hand, jobs for those in their 50s increased by 230,000 during the same period, with 75.2% (173,000) being in AI-exposed industries. This shows a 'seniority bias' phenomenon where senior jobs with experience and expertise are increasing, while youth jobs assigned to simple tasks that can be replaced by AI at any time are decreasing.
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