It looks like “learn to code“Push is a dramatically return of fires for those who bought.
As Nowsweek reportsRecent university graduates who have specialized in IT are faced with high unemployment rates as well as be licensed Or Replaced by artificial intelligence If and when they are hired.
In his Last labor market reportThe New York Federal Reserve noted that recent CS graduates are dealing with a prealt̩ unemployment rate of 6.1. Those who specialize in IT engineering РWhat is similar, If it is not more specialized РStands even worse, with 7.5% of recent graduates remaining unemployed. Compared, the New York Fed found, by 2023 census data And employment statistics, according to which recent graduates have an unemployment rate of 5.8%.
While people who have specialized in fields such as anthropology and physics are even worse, with unemployment rates of 9.4 and 7.8% respectively, IT engineering had the third highest unemployment rate on the grace of the Grace of New York, while IT had the seventh high gain and professional security.
(These figures, in particular, are even worse than the results for journalism graduates. Although they are precisely informed that their The chosen field is dyingRecent graduates who have specialized in journalism only know unemployment at a rate of 4.4%, according to NYFR analysis.)
Bryan Driscoll, a human resources and business consultant, told the magazine that the dream of pipes “sold” to CS Majors does not correspond to the reality of the current labor market which “always rewards pedigree on potential”.
“We have overlooked diplomas without approaching the way in which the operating and the door of the technological hiring pipeline has become,” said Driscoll. “The entry -level roles disappear, unpaid internships are always endemic and businesses dislodge or automate jobs for which these graduates have formed.”
By automating, of course, the consultant means being Replaced by AI As part of second apparent phase of the last crash of the technological industry after Matching Layoffs In last years. Michael Ryan, another of NowsweekExperts suggested that the recent CS graduates were doing, in a way, to do a more cross -crossed work than their AI competition.
“Each child with a laptop thinks that they are the next Zuckerberg,” said the finance guru behind Michaelryanmoney.com to the magazine, “but most cannot debug in a paper bag.”
“We have created a gold rush mentality around the coding while gold has exhausted,” continued Ryan, referring to “learn to code“Craze of the late 2010 and early 2020s.” Companies reduce engineering budgets by 40% while CS registrations are reaching record heights. This is the basic economy. Flood the market, crater wages. “”
Where are they going from here? In addition to returning to school for something more lucrative, they could take the suggestion of a licensed technological veteran, which last year said Sfgate that she had started to sell her blood plasma To reach both ends.
Learn more about post-diploma struggles: Berkeley’s coding teacher says that even graduates with 4.0 GPA cannot find jobs
