Here is documentation of the beginning of a country's decline due to AI. Based on my personal interaction with Indian consulting companies: I have empathy, but absolutely no sympathy.
"In the 2023 fiscal year, the top four IT exporters (consulting companies) hired a combined 225,000 fresh graduates; by fiscal 2024, that figure had plummeted by over 70% to some 60,000."
"The IT sector, which employs 5.4 million people and contributes 8% of the country's GDP, forms the very backbone of urban middle-class employment."
"The driving force behind this disruption is AI, which … could automate 30-40% of the work done by junior software developers and testers.
"A material portion of the 8-9 million people entering the workforce annually is competing for a pool of just 50,000 net new IT jobs projected per year from FY26-28."
https://indiadispatch.com/p/hollow-at-the-base
This likely foreshadows what is going to happen to many American jobs especially for those graduating over the next 5 years.
BTW, I smile when I see one of those cringy and mindless "boomers are bad" attacks; wondering how this is our fault (again)?
"In the 2023 fiscal year, the top four IT exporters (consulting companies) hired a combined 225,000 fresh graduates; by fiscal 2024, that figure had plummeted by over 70% to some 60,000."
"The IT sector, which employs 5.4 million people and contributes 8% of the country's GDP, forms the very backbone of urban middle-class employment."
"The driving force behind this disruption is AI, which … could automate 30-40% of the work done by junior software developers and testers.
"A material portion of the 8-9 million people entering the workforce annually is competing for a pool of just 50,000 net new IT jobs projected per year from FY26-28."
https://indiadispatch.com/p/hollow-at-the-base
This likely foreshadows what is going to happen to many American jobs especially for those graduating over the next 5 years.
BTW, I smile when I see one of those cringy and mindless "boomers are bad" attacks; wondering how this is our fault (again)?