Job postings for entry-level roles requiring degrees have dropped nearly two-thirds in the UK and 43% in the US since ChatGPT launched in 2022. Including everything (not just programming, etc.)
Paywalled - Financial Times. Sorry, could not find a more "open" link.
https://www.ft.com/content/99b6acb7-a079-4f57-a7bd-8317c1fbb728
The research presumes it is a combination of AI, corrections for Covid-era excesses, increased offshoring, and reduced venture capital funding.
AI and offshoring both have increasing momentum.
Vance seems to be getting it, sort of. Yesterday, he implied that Intel was playing dirty increasing offshoring while laying off 15%. https://www.newsweek.com/jd-vance-issues-warning-h1-b-visa-immigration-2103296
The bigger point is that there is no shortage of Amercan tech talent, and the whole rationale for H1B's has been destroyed for 99% of H1B positions.
More American kids and grandkids will not be starting their professional lives, not growing up, and not having their own kids.
Paywalled - Financial Times. Sorry, could not find a more "open" link.
https://www.ft.com/content/99b6acb7-a079-4f57-a7bd-8317c1fbb728
The research presumes it is a combination of AI, corrections for Covid-era excesses, increased offshoring, and reduced venture capital funding.
AI and offshoring both have increasing momentum.
Vance seems to be getting it, sort of. Yesterday, he implied that Intel was playing dirty increasing offshoring while laying off 15%. https://www.newsweek.com/jd-vance-issues-warning-h1-b-visa-immigration-2103296
The bigger point is that there is no shortage of Amercan tech talent, and the whole rationale for H1B's has been destroyed for 99% of H1B positions.
More American kids and grandkids will not be starting their professional lives, not growing up, and not having their own kids.