Welcome to today’s tech brief. This month, millions of college graduates are entering a job market in flux. According to the Federal Reserve Bank of New York, unemployment for recent grads has jumped to 5.8 percent. Firms from finance to marketing are “phasing out” entry-level roles, replacing them with A.I. “virtual workers.”

Molly Kinder of the Brookings Institution warns, “These tools are so good that I no longer need marketing analysts, finance analysts and research assistants.” One tech executive says they’ve stopped hiring below midlevel engineering roles because A.I. coding tools now handle those tasks.

Anthropic CEO Dario Amodei predicts A.I. could eliminate half of all entry-level white-collar jobs within five years. Companies that rush in risk poor performance and unhappy customers—just ask Klarna, which briefly replaced service agents before reversing course.

Despite these challenges, some grads are pivoting. Stanford alumnus Trevor Chow says, “It feels like there aren’t that many years left to do things,” and many are launching startups or skipping traditional ladders altogether. That’s the changing landscape for entry-level work in the age of A.I.
Link to Article