Bailey sounds alarm on AI as youth unemployment jumps

cityam16:01

The warning comes as official data shows the UK labour market losing momentum. AI could displace workers on a scale not seen since the Industrial Revolution, Bank of England governor Andrew Bailey has...

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AI could displace workers on a scale not seen since the Industrial Revolution, Bank of England governor Andrew Bailey has...</p>\n\n<a href=\"https://www.cityam.com/bailey-sounds-alarm-on-ai-as-youth-unemployment-jumps/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bailey sounds alarm on AI as youth unemployment jumps</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBailey sounds alarm on AI as youth unemployment jumps\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-19 16:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/bailey-sounds-alarm-on-ai-as-youth-unemployment-jumps/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The warning comes as official data shows the UK labour market losing momentum. AI could displace workers on a scale not seen since the Industrial Revolution, Bank of England governor Andrew Bailey has...</p>\n\n<a href=\"https://www.cityam.com/bailey-sounds-alarm-on-ai-as-youth-unemployment-jumps/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4543","symbol_name":"AI","start_time":0,"source_url":"https://www.cityam.com/bailey-sounds-alarm-on-ai-as-youth-unemployment-jumps/","article_id":"2592151038","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2025/05/008-uk-employment.jpg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/bailey-sounds-alarm-on-ai-as-youth-unemployment-jumps/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2592151038","pubTimestamp":1766131303,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"The warning comes as official data shows the UK labour market losing momentum. AI could displace workers on a scale not seen since the Industrial Revolution, Bank of England governor Andrew Bailey has warned, as the UK jobs market shows fresh signs of strain.Bailey said the rapid adoption of AI across the economy was “most likely” to have a similar effect to past technological upheavals.“As you saw in the Industrial Revolution, now over time, I think we can now sort of look back and say it didn’t cause mass unemployment, but it did displace people from jobs and this is important,” he said.“My guess would be that it’s most likely that AI may well have a similar effect.”","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4543":"AI","BK4551":"寇图资本持仓","BK4587":"ChatGPT概念","BK4588":"碎股","AI":"C3.ai, Inc.","BK4528":"SaaS概念","BK4023":"应用软件","BK4585":"ETF&股票定投概念"},"translate_title":"随着青年失业率飙升，贝利对人工智能发出警报","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AI":0.66},"content_text":"The warning comes as official data shows the UK labour market losing momentum. AI could displace workers on a scale not seen since the Industrial Revolution, Bank of England governor Andrew Bailey has warned, as the UK jobs market shows fresh signs of strain.Bailey said the rapid adoption of AI across the economy was “most likely” to have a similar effect to past technological upheavals.“As you saw in the Industrial Revolution, now over time, I think we can now sort of look back and say it didn’t cause mass unemployment, but it did displace people from jobs and this is important,” he said.“My guess would be that it’s most likely that AI may well have a similar effect.”\n\nSpeaking to BBC Radio 4, Bailey said workers with AI-related skills would find it “a lot easier” to secure employment.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBut, he warned that younger, inexperienced candidates could be squeezed out as firms automate junior tasks.“We do have to think about, what is it doing to the pipeline of people?” he claimed. “Is it changing it or not?”AI hits entry level jobsThe warning comes as official data shows the UK labour market losing momentum.\n\nThe unemployment rate rose to 5.1 per cent in the three months to October, according to the Office for National Statistics, with younger workers bearing the brunt.Unemployment among 18 to 24-year-olds jumped by 85,000 over the period, the largest increase since late 2022.Recruiters say caution among employers has been building for years.Data from the Recruitment and Employment Confederation shows permanent placements fell to 536,000 in 2024, down from more than 800,000 the year before, as firms delayed long-term hiring decisions.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2592151038","isCrawlerRequest":true}