A headline of the Wall Street Journal article of July 28th says: “AI is wrecking an already Fragile Job Market for College Graduates”.[1] The gist of the article is that many companies are installing AI to perform the skills that recent college graduates used to provide. Until very recently, college graduates, as the article notes, did the grunt work of preparing reports that taught them basic management and operational skills so that they could advance up the ladder of management success. Now, AI is able to do this work cheaper and faster. Nevertheless, companies still hire a few graduates to review AI reports for accuracy, coherence, and the use of legitimate citations. Unfortunately, the number of new college graduates hired by major companies is very small compared to the past.
Colleges need to quickly get a grasp on this change in the job market before the student market finds an alternative to the cost of a college degree that leads to low pay and a career with no future.
-
Lindsay Elliss and Katherine Binley; (June 28, 2028); “AI is wrecking an already Fragile Job Market for College Graduates”; Wall Street Journal; AI Is Wrecking an Already Fragile Job Market for College Graduates – WSJ ↑