In a research report, economists from HSBC highlighted that artificial intelligence (AI) is poised to have a profound impact on the labor market. A growing array of AI tools is now playing a role in the recruitment process for graduates and junior staff. These tools are capable of handling numerous tasks that are usually carried out by entry - level employees. This development presents a downside risk to employment in a wide range of industries, hinting at a possible future vulnerability in the global labor market.
