Nicely, the coding-equals-prosperity promise has formally collapsed.
Recent laptop science graduates are dealing with unemployment charges of 6.1% to 7.5% — greater than double what biology and artwork historical past majors are experiencing, based on a current Federal Reserve Financial institution of New York examine. A crushing New York Occasions piece highlights what’s occurring on the bottom.
The person tales are surreal. Manasi Mishra, 21, graduated from Purdue after being promised six-figure beginning salaries, solely to obtain a single interview, at Chipotle. (She didn’t get the job.) Zach Taylor has utilized to just about 6,000 tech jobs since graduating from Oregon State in 2023, touchdown simply 13 interviews and 0 gives. He was even rejected by McDonald’s for “lack of expertise.”
The alleged culprits? AI programming eliminating junior positions, whereas Amazon, Meta and Microsoft slash jobs. College students say they’re trapped in an “AI doom loop” — utilizing AI to mass-apply whereas firms use AI to auto-reject them, typically inside minutes.
Fortunately, Mishra landed a job after a chilly software labored out, helped alongside by some savvy TikTok posts in regards to the borked job market.
