Are software professionals truly an endangered species? It's complicated
Briefly

Recent data from the New York Federal Reserve indicates that software engineering graduates have higher unemployment rates than art history majors, with rates of 7.5% and 3% respectively. While art history majors face high underemployment at 46.9%, the dip in software hiring is significant, leading industry leaders to question whether this reflects a cyclical trend or a systemic shift in IT. Experts like Ivan Gekht highlight that the demand for traditional software roles is declining in favor of specialized skills focused on autonomous systems.
"This is not a sudden development -- it's an issue that's been building up for years," said Ivan Gekht, CEO of Gehtsoft, a custom-design software development firm.
"For nearly two decades, we've seen a surge in the popularity of the IT industry, particularly in coding roles. This led to an explosion of online courses and boot camps to quickly train people for entry-level jobs..." said Ivan Gekht.
"The shift in the IT industry is toward developing autonomous systems, while "generalist or vanilla software roles are being phased out," said Nic Adams, co-founder and CEO of 0rcus.
Despite the growth of the tech sector, unemployment rates for computer engineering graduates are higher than expected, revealing a critical shift in industry demand.
Read at ZDNET
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