AI-Exposed Sectors See Sharp Drop in Youth Employment: S. Korea's Central Bank Report
The central bank said 268,000 of 285,000 lost youth jobs were in AI-exposed sectors, while jobs for people in their 50s rose by 230,000.
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AI-exposed sectors see sharp drop in youth employment: S. Korea's central bank report
SEOUL - Youth employment has fallen sharply in sectors highly exposed to artificial intelligence (AI) technology since the emergence of generative AI chatbots, a central bank report showed Tuesday.
"Centered on information services and publishing... For those in their 50s, 75% of the increase is in high-exposure sectors. Youth unemployment rate rises after ChatGPT... 'Policy focus on a new career ladder.' Over the past four years, youth jobs have decreased in sectors with high exposure to artificial intelligence (AI), and college graduates
According to a survey by the Korea Economic Association, 53.9% of young people are concerned that their jobs will be replaced by AI within five years. In particular, they are wary of the collapse of the career growth ladder and the widening income gap caused by the introduction of AI into entry-level roles. However, recognizing the opportunities to enhance professional expertise through AI, they are calling for policy support focused on new hiri…
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