alt Hacker NewsAI is wiping out entry-level jobs
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Perhaps rather it is management that is wiping out those jobs
But I could see entry level also becoming "internships" more (aka unpaid jobs)
1. AI wipes out entery level jobs. Cost of tokens used will make you spend more especially overtime. Keep in mind, right now we're probably in the era of cheap tokens
2. We rehire base employees at lower wages. Move AI to hire level tasks. AI is now doing the work we said humans will do. Talent drains to other compaines. AI can do certain things every well but can't put it together. Start rehiring talent at lower wages
3. In the end, AI turns out to really be artificial wage competition designed to drive worke salaries down. All of this is subsidized by the government, fund managers and the environment. Billionaires leave earth in spaceship.
We've been through this before. The GFC in 2008 wiped out entry-level jobs for millenials who did everything "right" (or, at least, what they were told to do) by going to college and accumulating student debt [1].
Those graduates ended up doing lower-paid and often non-career jobs like service works. The cliche in the early 2010s was college grads being baristas for a reason.
Those jobs never came back. And it's essentially destroyed that generation who are under crippling debt with no security and no prospects. People in tech did well in the 2010s. Nobody else did. So, on HN a lot of people didn't see this because HN skews towards tech but this was really destructive for society as a whole. We're still feeling the affects of it. It was a key factor in the 2016 election.
It's going to get worse. What people should really understand that there's, so far, only one product for AI and that is labor displacement and wage suppression when we already have historically low savings rate (ie a buffer) [2] and an affordability crisis that is also only going to get worse. How do we have a functioning economy if nobody has any money?
[1]: https://www.newyorkfed.org/research/college-labor-market#--:...
[2]: https://usafacts.org/articles/why-arent-americans-saving-as-...
Embed experience directly into the curriculum
I think this is called "work study" and it is already available.
https://studentaid.gov/articles/8-things-federal-work-study/
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"At its core, the goal of education is to prepare individuals for employment and advancement"
No. It should help a person develop into a free, thoughtful, well-rounded human being. Training narrowly for current market demands can become obsolete quickly. The question should not be: Should education have economic value? But rather: Should economic value be the highest or only value of education?
Of course, engineering etc might have more immediately applicable skills but there is so much value in the Humboldtian ideal of education that merely focusing on economic output is intellectually short-sighted and ultimately impoverishes both individuals and society.