Once, Silicon Valley’s move-fast-and-brac-things culture welcomed the college grade with open weapons. Tech companies enthusiastically hired young and less experienced talents, inspired by an enthusiasm for fresh ideas and a financial environment that points to the front sunny days.
All this suddenly and dramatically turned with Kovid -19 epidemic.
Today, the unfit hiring mentality in Tech has been replaced with a sense of caution and priority of experience. At the same time, new AI devices are beginning to automate many regular functions that will be traditionally controlled by young, entry -level professionals.
Recent college graduates, as a result, are feeling the sting of unemployment in the technical field.
Also: 4 ways are using AI to solve problems and create real values.
recently Report From the signalfire, a VC firm that tracks the trends of renting in Tech, found that in 2024, the new fare of recent college grades in tech companies declined by 25% compared to the previous year and more than doubled, before the epidemic. Meanwhile, Startups hired 11% less recent college grade last year – more than 11% decline from 2023.
While the workers of every level experience took a hit during the epidemic, the grades of the new college have been suffering from the most dramatic residual effects: recently data The Federal Reserve Bank of New York suggests that the unemployment among this young demographic has increased by about 30% since the lowest point of the epidemic, while the working population is about 18%.
In recent decades, the grades of the youth college have lowered unemployment than the rest of the population because they often work for low wages and are usually eager to kickstart their career. But as mentioned in one Report Last month, from Atlantic, recent college grades are now entering a job market, where their possibilities to work are worse than any other time in the last four decades. An interpretation of that event is that they are beginning to be replaced by intelligent machines.
Role of AI
This change from young talents in Tech is being conducted by automation?
It is not easy to measure, with relatively recent adoption of state-of-the-art AI devices in the workplace as well as their harsh-creditors adoption in teams. By and, as mentioned in its report by the signal, the AI does not yet replace the wholesale of human workers in the technical field. However, it is handling many Rotte office functions-as it was mainly handled by young, less experienced workers.
AI is still, of course, of course, a major focus in the technical world, especially within the “luxurious seven” – alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla. This is just that tech companies are looking for more experienced technical professionals.
Also: AI developers should be more technologists as philosophers.
Recent college grade with a degree of computer science is encountered with an unfortunate contradiction: they cannot be hired without experience, and they cannot get without experience earlier. The authors of the signalfire report wrote, “Today’s technical employers are not looking for capacity, they are looking for evidence.”
While AI developers are carrying forward new devices designed to promote fast workplace productivity – AI agents are a recent example – employers are slowing down to adopt them on a scale.
It is not yet clear how these new equipment affects the employee performance. In some contexts, it may be a two -edged sword: recent research, for example, suggests that the generative AI can promote productivity, as well as erase the sense of meaning and connectivity with someone’s work.
Similarly, another recent study found that AI is increasing jobs in the categories of jobs, and hinder it to others.
