The Rest Is Money 216. What Are The Jobs Of The Future?
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Oct 15, 2025 James Reed, chair of the UK recruitment firm Reed and author of Karma Capitalism, dives into the evolving job market and the impact of AI on hiring. He discusses the alarming collapse of graduate vacancies and how low economic growth stifles hiring momentum. Reed emphasizes the need for businesses to embrace technology, while cautioning against AI displacing entry-level roles. He advocates for vocational education, apprenticeships, and innovative company ownership models that prioritize social good, highlighting a future where jobs can still thrive amid automation.
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Unprecedented 39-Period Jobs Drought
- UK vacancies have fallen for 39 consecutive periods, creating a prolonged jobs drought. This decline is unprecedented and persists despite low-level GDP growth.
AI Is Reshaping Roles And Productivity
- AI is reshaping work: it augments experienced workers and automates repetitive tasks, changing hiring patterns. The net labour impact is unclear but likely to be disruptive and fast.
Graduate Vacancies Have Collapsed
- Graduate vacancies on reed.co dropped from ~180,000 to ~55,000 in a few years, and are trending lower again. Young people face sharply reduced entry opportunities into the labour market.
