alt Hacker NewsI think the numbers you are arguing with here are for all employees, not just fresh graduates.
Blame the article for using suboptimal numbers, but the "wiping out" part is definitely justified when talking about jobs for graduates
Replies
It would be justified if AI were actually the cause, but this article does nothing to prove that. The only "tech jobs" that can even demonstrate direct replacement are call-center type roles. Everything else is just loosely blamed on AI, which is a convenient scapegoat as billions of dollars of investment are redirected from hiring to building data centers.
>I think the numbers you are arguing with here are for all employees, not just fresh graduates.
If you click through to new york fed's website, the unemployment figures are 4.8% for "recent college graduates (aged 22-27)", 2.7% for all college graduates, and 4.0% for all workers. That's elevated, but hardly "wiping out".
When you see 6.1% unemployment for computer science new grads, that invariably comes from
https://www.newyorkfed.org/research/college-labor-market#--:...
Computer Science is tied for fourth lowest underemployment and is the 7th highest unemployment... and is also the highest early career median wage.
That needs to be compared to the underemployment chart https://www.newyorkfed.org/research/college-labor-market#--:... and the unemployment chart https://www.newyorkfed.org/research/college-labor-market#--:... (and make sure to compare that with 2009).
Computer science is not getting wiped out by AI. Entry level jobs exist, though people may need to reset their expectations (note that median job being $80k) from getting a $150k job out of college - that was always the exception rather than the average.
There are average jobs out there that people with a "want to be on the coast and $150k" or "must be remote so I don't relocate" are thumbing their nose at.