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The kids aren't alright (continued)
This college graduation season, many commencement speakers are extolling AI, then getting boo'd by the students. Most notably Eric Shmidt, in University of Arizona, after telling students to "deal with it"; also less recognized speakers in smaller universities (like MTSU and UCF).
Glendale Community College received additional boos because it used an AI tool to read students' names, which messed up.
In contrast, Steve Wozniak told students they "all have AI — actual intelligence" to applause.
This reflects multiple overlapping problems:
Tech students are particularly affected: many were told that if they went to college, they'd be practically guaranteed an easy, high-paying job, like their older peers; but today they graduate to a bad job market. Meanwhile, the companies they planned to join are posting record profits. AI has invalidated some of their learned skills, and moreover, has the potential to worsen the job market and wealth gap.
Although it's not just tech. Liberal arts students have worse job prospects (although some of theirs were never good), and seem to be more against AI. Law and accounting are apparently being impacted, because AI automates their entry-level jobs.
In summary, the speakers have a completely different perspective due to their age, AI outlook, and wealth; and students aren't happy to see their college which has failed them do it one last time, by appointing an out-of-touch speaker (or using AI to flub announcing their names).
Where to go from here?
Undergraduate education is deeply flawed. I think (not an uncommon position): students should only go to college if for graduate education (which is also flawed but for different reasons, and has purpose until ASI or a suitable alternative). Otherwise, they can learn degree skills in high school or on-the-job training: probably a free unpaid internship, which (as long as it demands real skills, not cheap labor) would be an improvement over paying for college; or pursue a trade. But first, employers must no longer prioritize (let alone require) college degrees; I believe this is happening in some fields, but slowly. In the meantime, more students should and will attend cheap online degree mills, possibly alongside an internship (to graduate with job experience and a better resume).
As for AI...I don't really know. It has some great use-cases, and the potential to strictly improve standards of living (why do something that AI can automate?); it and/or another revolutionary advancement is probably necessary to mitigate climate change and TFR collapse. But it also causes some problems, and has the potential to create global catastrophe. Regardless, I don't expect I or the graduates can influence its evolution or effects. For those reasons, I'm not really optimistic or pessimistic about it. At least I'm aware enough not to extol it to college graduates.
How bad is the new grad job market, really? There's been a few high profile layoffs in tech companies, but a lot of those companies had insanely over exuberant hiring during the pandemic (and let me tell you, they hired some absolute howlers). That seems like a much better explanation for layoffs than the AI washing coming out of the C suite as a sop to investors.
Why are they booing the boomer? Well, the left hates AI, and college students are pretty left. Do we need to go any deeper?
Yeah I read that Meta has more employees now even post-layoffs than they did pre-covid. Enormous hiring followed by moderate cuts.
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I'm hearing the media (always cynical outrage) is worse than reality, but it's still bad.
Most graphs I've seen look like this (Software Development Job Postings on Indeed in the United States): a bump rising 2020-2022 falling 2022-2024, with current levels around 2020 levels, not rising nor falling. The problem is, there are many more computer science graduates than in 2020. AI probably hasn't diluted the job market (at least yet), but the massive rise in computer science graduates has.
There's also a separate issue: hiring is broken, so talented applicants can't get jobs even though there's demand for them. AI makes formerly common benchmarks (like LeetCode) easy to cheat, but even before AI, employers didn't know how to evaluate candidates: ironically, they don't seem to understand what the job they're hiring for actually requires, because many resume screens and interviews have completely unnecessary requirements.
Or the problem may not be lack of employment, but tech companies becoming bureaucratic nightmares which don't make anything fun or beneficial to society, while evaluating employees on stupid criteria (like how much AI tokens they use) and constantly threatening layoffs. Ludicity is a blogger with stories like "I Accidentally Saved Half A Million Dollars"; although his experience is only from 2023-2024, and maybe unusual, because he had no problem getting hired.
Sure, but this should be visible in unemployment/underemployment figures and there's nothing there.
This is a major pain in the ass (recruiters are also, as a rule, retarded). I don't know if AI makes it worse though.
"How would you approach this problem?" in a 10 min interview seems like a fine hiring screen. AI or no AI, being able to ask the right kinds of questions and work out the right initial approaches seems like the best mark of a good candidate. AI is still slow enough I doubt they can type and read answers off GPT quickly enough, and having done lots of projects using AI or not using AI should give them the experience needed to answer at the high level.
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I think this might be because their jobs as hirers are just old people UBI. There are 19 year old HBD posters who could do a better job.
You seem to be advocating for committing federal crimes. "HBD posters" hiring criteria is illegal. You can't Family Guy "okay/not okay" meme test candidates.
It could be done race-blind, although it would produce the HBD predicted race gaps when done correctly. In tech this would primarily decrease Indian employment a massive amount.
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The 19 year old HBD posters would get the company in hot water with the EEOC.
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I don't think most HR and managers (the ones doing hiring, not the CEO) are old. But I do suspect their jobs are mostly useless, many aren't good at them (but stay because their boss/CEO doesn't know better), and companies could get by with much less of them and possibly AI.
I don't necessarily care if they're fired, and I have sympathy for them. But it would certainly be better for employees if companies simplified long interview processes and replaced them with (paid) probation, and I think it would be better for employers (since probation is a better metric, and many talented employees will simply abandon convoluted hiring process).
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I'm going to pushback a bit at least on tech employment and present this data analysis posted on /r/cscareerquestions yesterday. Bolded mine:
So there is definitely a downturn in tech employment. And because tech ate the world, there are reverberations outward.
FRED source: https://fred.stlouisfed.org/series/ces6054150001
That's an interesting fact, but I don't see why it wouldn't show up in unemployment/underemployment figures. If fewer people are going into CS when there's a glut of workers and unemployment is stable... Seems everything is working as intended?
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I think you're right, that AI is not the cause of the tech layoffs, but rather overhiring in the tech sector over the past decade.
But the tech execs themselves are clearly telling us no, it's definitely AI replacing all the workers, so... I mean, if they want to make a case to the commies for their own guillotining, who are we to stop them?
They don't want to admit they overhired. That's a failure in leadership. Blaming AI is putting a positive spin on things.
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I think it's more that the tech industry feels that normal growth is unacceptable and that the massive growth of the 80s and 90s is what's to be expected. They can't come to grips with being a mature, boring industry that makes incremental advancements; there aren't any 25-year-old multimillionaires who made their fortune starting a construction machinery company out of their bedroom. So when the industry starts contracting, it can't be because their growth projections were overoptimistic, but because they're actually doing a lot better! Their products are so advanced that they don't need employees anymore, and your job is next, even if they don't know what that job is. I don't think it's a coincidence that LLM hype coincides with tech employment peaking.
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