Compsci Grads Are Cooked

"If you are majoring in computer science or computer engineering right now, good luck on finding a good job when you get your diploma - even if you graduate from a top program. That's the sobering takeaway from Hany Farid, a deepfake expert at the University of California, Berkeley, who appeared on NOVA's "Particles of Thought" podcast to talk the current state of AI, the tech job situation that's been shredded by multiple lay offs, and how should tech graduates navigate this rocky new landscape."

"Farid's observation is borne out by job statistics for recent college graduates, who now have an unemployment rate of 5.3 percent compared to around 4 percent for everybody else. And the numbers are even worse for young people with degrees in computer science, who have an unemployment rate of 6.1 percent - and also for computer engineering grads, 7.5 percent; by comparison, their peers who majored in art history currently have an unemployment rate of around 3 percent."

Berkeley computer science students previously received multiple internship offers and graduated with high salaries and several job offers, but current graduates often get only one offer. Recent college graduates have a 5.3 percent unemployment rate versus about 4 percent overall. Computer science graduates face 6.1 percent unemployment and computer engineering graduates 7.5 percent, while art history grads face about 3 percent. Contributing factors include widespread adoption of AI, companies thinning ranks and reversing pandemic over-hiring, and reliance on AI tools that reduce entry-level positions, leaving many young graduates feeling blindsided by the industry shift.

Read at Futurism