AI is flattening the jobs market for young people, says Sunak
Former UK Prime Minister Rishi Sunak warns that AI is flattening the job market for young people and suggests tax reforms to encourage hiring. Sunak believes the UK can be a global leader in AI productivity with the right policies.
Rishi Sunak, former UK Prime Minister and current adviser to AI firm Anthropic and Microsoft, has expressed concerns that AI is reducing job opportunities for young people. He suggests that company bosses are acknowledging a flattening in recruitment due to AI technology. Sunak proposes eliminating National Insurance and replacing it with taxes on corporate profits to encourage hiring. He believes this will be boosted by productivity gains from AI deployment. The UK has a significant presence of AI companies, including Deepmind, Anthropic, and OpenAI. Sunak thinks the UK can be a global leader in AI productivity. He has joined forces with Labour's deputy prime minister to promote investment in the UK tech sector.
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