A recent story by The New York Times revealed that computer science graduates are struggling to find jobs, with some being forced to look for work at Chipotle. The crisis is attributed to the increasing presence of AI in the job market, which has led to a significant decline in entry-level positions for coders. Sam Altman, CEO of successful AI company OpenAI, recently stated that recent college graduates are lucky and will adapt to changing economic realities.
However, not everyone shares this optimism. Altman’s comments sparked debate about the capabilities of AI, with many arguing that it is overhyped. Experts claim that AI lacks consciousness and emotional intelligence, and its primary function is to make statistically informed guesses rather than truly “think.” Despite these limitations, AI has become increasingly prevalent in tech companies, leading to high unemployment rates among computer science graduates.
According to a report by the Federal Reserve Bank of New York, computer science majors aged 22-27 face some of the highest unemployment rates, with 6.1% and 7.5% respectively. This is more than double the unemployment rate among recent biology and art history graduates. The impact of AI on entry-level jobs raises concerns about future employment opportunities for young professionals in the tech industry.
As AI continues to evolve and transform industries, it’s essential to acknowledge both its benefits and limitations. While some experts believe that AI will create new, exciting job opportunities, others argue that it will exacerbate existing issues with unemployment and underemployment among certain groups.
Source: https://gizmodo.com/as-fears-about-ai-grow-sam-altman-says-gen-z-are-the-luckiest-kids-in-history-2000641410