AI’s Rising Impact on Job Market: more position replaced especially for stem studentss

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The impact of artificial intelligence (AI) on the job market is becoming increasingly apparent, especially in the field of software engineering. A survey conducted by Motherboard and Blind of 9,388 engineers revealed the stark reality: around 90% of engineers now find it harder to secure a job compared to the pre-pandemic era, with 66% saying it has become “much more -difficult.” This opinion is repeated by only 6% of participants who express confidence in finding equivalent work if they lose their current positions.

This growing concern among engineers is consistent with broader trends in the technology industry. According to a study by ResumeBuilder.com, 37% of companies using AI replaced workers in 2023, and 44% expect additional layoffs due to AI in 2024. Demand for AI skills is growing, with 96% of companies hiring in 2024 preferring candidates with AI experience.

These trends are changing not only the current workforce, but also the future of education and career planning. Significant statement by Nobel laureate in economics Christopher Pissarides assumes that most students studying STEM (Science, Technology, Engineering, Mathematics) may struggle to find jobs due to the advancement of AI technology. This is particularly worrisome because AI engineers may unwittingly sow the seeds of their own obsolescence, creating AI systems that could eventually replace the very jobs involved in their development.

The situation is also challenging for current software engineers. For example, Joe Forzano, an unemployed software engineer, has attached for over 250 positions since March, going through multiple rounds of interviews without success. His experience echoes the situation of many in the industry, with 80% of software engineers believing the job market has become more competitive in the past year.

Layoffs.fyi, a website that tracks jobs in the tech industry, reported that layoffs in the tech sector topped 400,000 between 2022 and 2023. However, software engineers appear relatively more secure compared to non-tech roles, a recent analysis shows , that layoffs in technological engineering departments of companies are significantly lower than in other departments such as marketing and sales.

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The transformation of the labor market is a concern not only for current professionals, but also for students. With the rapid advancement of AI technology, students are being forced to rethink their career plans and expectations even before starting work. Timothy Richards, a professor of computer science at the University of Massachusetts Amherst, highlights the challenges of teaching programming skills in an age where tools like ChatGPT can perform basic coding tasks. This shift necessitates a shift in teaching methods, focusing more on conceptual thinking about how technology solves problems, rather than just coding skills.

In conclusion, the AI ‚Äč‚Äčrevolution is changing the labor market in technology industries, requiring a shift in skills, education and career planning. While AI advances bring efficiency and innovation, they also raise concerns about job security and the need for a workforce adaptable to the evolving technological landscape.

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