AI Job Acpocalypse is for real!

The NYTimes.com reported that “This month, millions of young people will graduate from college and look for work in industries that have little use for their skills, view them as expensive and expendable, and are rapidly phasing out their jobs in favor of artificial intelligence.”  The May 30, 2025 article entitled “For Some Recent Graduates, the A.I. Job Apocalypse May Already Be Here” (https://www.nytimes.com/2025/05/30/technology/ai-jobs-college-graduates.html) included these comments from Reporter Kevin Roose:

…over the past several months with economists, corporate executives and young job-seekers, many of whom pointed to an emerging crisis for entry-level workers that appears to be fueled, at least in part, by rapid advances in A.I. capabilities.

You can see hints of this in the economic data. Unemployment for recent college graduates has jumped to an unusually high 5.8 percent in recent months, and the Federal Reserve Bank of New York recently warned that the employment situation for these workers had “deteriorated noticeably.” Oxford Economics, a research firm that studies labor markets, found that unemployment for recent graduates was heavily concentrated in technical fields like finance and computer science, where A.I. has made faster gains.

No surprises here!