Comment by techblueberry

When you see 6.1% unemployment for computer science new grads, that invariably comes from

https://www.newyorkfed.org/research/college-labor-market#--:...

Computer Science is tied for fourth lowest underemployment and is the 7th highest unemployment... and is also the highest early career median wage.

That needs to be compared to the underemployment chart https://www.newyorkfed.org/research/college-labor-market#--:... and the unemployment chart https://www.newyorkfed.org/research/college-labor-market#--:... (and make sure to compare that with 2009).

Computer science is not getting wiped out by AI. Entry level jobs exist, though people may need to reset their expectations (note that median job being $80k) from getting a $150k job out of college - that was always the exception rather than the average.

There are average jobs out there that people with a "want to be on the coast and $150k" or "must be remote so I don't relocate" are thumbing their nose at.

It would be justified if AI were actually the cause, but this article does nothing to prove that. The only "tech jobs" that can even demonstrate direct replacement are call-center type roles. Everything else is just loosely blamed on AI, which is a convenient scapegoat as billions of dollars of investment are redirected from hiring to building data centers.

>I think the numbers you are arguing with here are for all employees, not just fresh graduates.

If you click through to new york fed's website, the unemployment figures are 4.8% for "recent college graduates (aged 22-27)", 2.7% for all college graduates, and 4.0% for all workers. That's elevated, but hardly "wiping out".

The chart with that data is https://cdn.prod.website-files.com/6516123533d9510e36f3259c/...

Starting at 2019 and saying "pre-pandemic levels" might be a bit disingenuous since that was a leap to a boom... and the bust we're seeing now.

https://www.cbre.com/insights/articles/tech-boom-interrupted

    At $113B, 2019 was the third-highest year on record for VC deal volume.
    2019 had the second-highest volume of “mega rounds” ($100M deals or greater)–mega rounds represented 44% of total annual deal volume.
    Revenue grew by an average of 12.2% in 2019 and the total revenues of the tech giants was greater than the GDP of four of the G20 nations.

Yes, tech hiring in 2025 is down from 2019. That's a lot like saying "tech hiring is down from 2000" in 2003.