Drudge Retort: The Other Side of the News
Sunday, August 10, 2025

TechCrunch - Well, the coding-equals-prosperity promise has officially collapsed.

Fresh computer science graduates are facing unemployment rates of 6.1% to 7.5% " more than double what biology and art history majors are experiencing, according to a recent Federal Reserve Bank of New York study.

A crushing New York Times piece highlights what's happening on the ground.

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"The alleged culprits?

AI programming eliminating junior positions, while Amazon, Meta and Microsoft slash jobs.

Students say they're trapped in an "AI doom loop" " using AI to mass-apply while companies use AI to auto-reject them, sometimes within minutes."

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Trump Solution? Fire the Federal Reserved Bank of New York study group!

www.newyorkfed.org

#1 | Posted by Corky at 2025-08-10 04:23 PM | Reply

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