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College grad unemployment surges as employers replace new hires with AI

⁨71⁩ ⁨likes⁩

Submitted ⁨⁨1⁩ ⁨day⁩ ago⁩ by ⁨babysandpiper@sopuli.xyz⁩ to ⁨economics@lemmy.world⁩

https://www.cbsnews.com/video/college-grad-unemployment-surges-employers-replace-new-hires-ai/

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Comments

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  • SnotFlickerman@lemmy.blahaj.zone ⁨1⁩ ⁨day⁩ ago

    Economists say businesses are now replacing entry-level jobs with artificial intelligence.

    Oh good so there’s literally no way to climb the corporate ladder, now. I wonder how they think senior-level jobs will ever be able to be filled when the old ones age out and they’ve never had anyone entry-level to train up to a senior position? Or are they really so stupid as to think that the AI will eventually replace senior roles too? Or maybe it’s not that they’re stupid but they need it to happen so badly whether the AI is worth a shit or not that they’ll throw everything they can at it to try to make their wet-dream of unquestioning digital slaves happen?

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    • Brainsploosh@lemmy.world ⁨1⁩ ⁨day⁩ ago

      No business is making 15 year plans, quarterly numbers must go up, lest the shareholders kick you out

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      • SnotFlickerman@lemmy.blahaj.zone ⁨1⁩ ⁨day⁩ ago

        lest the shareholders kick you out

        Aww boo hoo how hard it must be to get kicked out with… *checks notes… A golden parachute.

        (To be clear I am not chiding you, I can read your sarcasm here, I know we agree on this, just adding to the absurdity)

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    • explodicle@sh.itjust.works ⁨1⁩ ⁨day⁩ ago

      Or are they really so stupid as to think that the AI will eventually replace senior roles too?

      This one

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    • BroBot9000@lemmy.world ⁨1⁩ ⁨day⁩ ago

      Exactly this.

      Fuck Ai fanboy with 0 foresight helping to usher in this shit like the little corporate tools they are.

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  • FundMECFSResearch@lemmy.blahaj.zone ⁨1⁩ ⁨day⁩ ago

    UBI UBI UBI UBI

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  • TachyonTele@piefed.social ⁨1⁩ ⁨day⁩ ago

    No one wants to work anymore!

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  • sevan@lemmy.ca ⁨1⁩ ⁨day⁩ ago

    To some extent this isn’t new. Lots of companies stopped hiring entry level positions ages ago and just hoped to hire employees that other companies had already developed.

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    • Tollana1234567@lemmy.today ⁨1⁩ ⁨day⁩ ago

      that trend has been ongoing since last decade, AI just accelerated that. when i was looking for jobs in stem, all the listings were basically asking for expertise beyond entry level while offering entry level pay , but in reality they dont want to train people they expect you have the expertise already.

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  • otter@lemmy.dbzer0.com ⁨1⁩ ⁨day⁩ ago

    If “there’s a sucker born every minute”, how many grads does that equal?

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    • explodicle@sh.itjust.works ⁨1⁩ ⁨day⁩ ago

      There is no right answer. They’ll be called suckers no matter what choice they make, because the economy is mostly “bullshit jobs”.

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      • otter@lemmy.dbzer0.com ⁨1⁩ ⁨day⁩ ago

        The for-profit collegiate system has been a scam at best and an outright lie for most.

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