Compsci Grads Face Recession-Like Job Prospects Due to AI

US Census Bureau economists found employment for graduates in majors most exposed to AI fell 5 percentage points, with quarterly income down 13%. About half the income drop is explained by a shift to low-paying jobs such as food service and retail.

• Employment for AI-exposed majors fell 5 percentage points
• Quarterly income dropped 13%, like graduating in a major recession
• About half the income drop tied to moves into low-paying industries
• Nursing and teaching graduates were less affected