Well, the promise of coding eparity and prosperity has officially collapsed.
A survey by the Federal Reserve Bank of New York shows fresh computer science alumni face unemployment rates of 6.1% to 7.5%. The destructive New York Times work highlights what’s going on on the ground.
The individual stories are surreal. Manasi Mishra, 21, graduated from Purdue after being promised a six-figure starting salary just to receive a single interview at Chipotle. (She didn’t get a job.) Zach Taylor has applied for nearly 6,000 high-tech jobs since graduating from Oregon in 2023, landing just 13 interviews and zero offers. He was even rejected by McDonald’s because of “lack of experience.”
A suspicious perpetrator? Eliminate AI programming junior positions and reduce slash jobs from Amazon, Meta and Microsoft. Students say they are trapped in “AI Doom Loop.” Using Mass-Apply with AI, companies use AI to auto-deny.
Thankfully, Mishra won a job after the cold application worked and was helped by a savvy Tiktok post about the volked job market.
