AI is already leading to fewer jobs for young people, says Sunak

Artificial intelligence (AI) is flattening the jobs market for young people and governments should eliminate National Insurance to make hiring workers more attractive, former prime minister Rishi Sunak has told the BBC. Sunak, now an adviser to AI firm Anthropic and Microsoft, said while he is an enthusiast for the transformative impact of AI, he said concerns from graduates looking for entry level jobs were justified. He said company bosses were privately acknowledging to him that recruitment of young people is flattening because of the technology. "There are reasons to be worried and think about the future. But we are able to do something about this," he said. Sunak suggested rebalancing the tax system by abolishing National Insurance "over time" and replacing with it with taxes on corporate profits. These, he said, would be boosted by productivity and efficiencies in deploying AI. Sunak said it is becoming tougher for young people to get jobs in service sectors such as law, accountancy and the creative industries. Meanwhile, he said chief executives are telling him that "flat is the new up". "They're talking about this concept that they think they can continue to grow their busi