The belief that computer science degrees guarantee stable, high-paying jobs is losing ground, as new graduates face unemployment rates that surpass many other fields, all thanks to AI.
Higher Jobless Rates Compared to Other Majors
A recent study by the Federal Reserve Bank of New York shows unemployment among fresh computer science graduates ranges from 6.1% to 7.5%. This is more than double the rate faced by graduates in biology or art history, challenging the perception of computer science as a secure career path.
Struggles in the Job Market
The New York Times recently profiled graduates who have been unable to secure work despite strong academic credentials:
- Manasi Mishra, 21, graduated from Purdue University expecting competitive offers but managed only one interview, at Chipotle, and did not receive the position.
- Zach Taylor, who graduated from Oregon State University in 2023, applied to nearly 6,000 technology roles, resulting in just 13 interviews and no offers. Even McDonald’s rejected him for “lack of experience.”
Contributing Factors to the Decline
Several developments are contributing to the scarcity of entry-level opportunities:
- AI programming tools have reduced demand for junior coding positions.
- Workforce reductions at major technology firms such as Amazon, Meta, and Microsoft have cut thousands of jobs.
- The “AI doom loop”, in which applicants use AI to mass-apply for jobs while employers use AI systems to filter and reject applications within minutes.
While the overall market remains challenging, some graduates are adapting. Mishra eventually found a role after submitting a cold application and sharing her experiences on TikTok, where her posts about the job search resonated with others in similar situations.