The job market for new grads: worse than in 2008, but better than 2002 | Hacker News Reader

The job market for new grads: worse than in 2008, but better than 2002

blog.pragmaticengineer.com

1999 and 2000: watching older friends graduate into jobs that paid a then astonishing $80-100k, on the strength of some summer internships and part-time gigs

2001: summer internship at Microsoft testing Office for Mac, looking forward to bright future after graduation, hearing from recent grads that it wasn’t quite as rosy as before…

2002: getting a government contracting job writing Java unit tests and user manuals in a musty basement in a DC suburb, and crying a bit… with relief. Watching classmates with better grades than mine nervously eyeing private student loan repayment schedules while anxiously waiting to hear back from defense contractors they reluctantly applied to.

AI will generate new jobs. At the same time, many jobs would gradually seize to exist.

We are experiencing a revolution for sure. An industrial revolution kind of. Some jobs chopped off, some added

"AI therapist" certainly seems like a new job that will see plenty of demand in the future, if Bing Chat is any indication.

Will AI generate new jobs? I can’t really imagine what those new jobs would be. The seem to be more like the popularity of automatic forums in medical settings: they made it so doctors didn’t need to hire a person to do all their paperwork for them, but it burdens them to do all their own paperwork.

I'm no expert in this area. Trying to co- relate. Industrial revolution, though replaced many manual labour jobs- ended up generating new jobs. Job of creating machines.

Will something of that sort not happen with AI? There could be new professions created all together

Like prompt engineering we see today, didn't exist few years ago

To be clear, the grads in this article are not computer science college graduates.

The article states that Launch school is one of the “anti bootcamp coding schools,”. Ok school it is, but it's a school that's more of a vocational type training than a college degree seeking program. I'm not sure you can compare college graduates with Launch School graduates directly.

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