I work at a large company that is not considered one of the tech bros. I doubt we’re hiring graduates ever again.

For the record, we’re NOT all in on AI - far from it - but what we have found is that 98% of graduate hires aren’t productive and over-estimate their skills.

Maybe it’s different elsewhere in the world, but in and around Toronto, we’ve found that most CS grads have gone into the field because they think it will pay well. Most have no “adjacent” skills, such as VCS understanding, PRs, how work is broken down etc, but the biggest red flag though is just how few of them are interested in expanding their horizons. I currently have one junior right now working on an Android app and he seems incapable of moving past the MVP, java based patterns they learned in college.

The way I see it, Colleges are doing a very poor job right now, and the students are paying the price.

I forgot to add a comment about this yesterday:

There was a change in USA tax code that lead to many layoffs in the United States. Companies could no longer write off programmer’s salaries and benefits if they were doing pure research. It went from a yearly deduction on corporate tax to something very delayed. Making it effectively gone.

The tax code had been allowed for generations, then suddenly the companies had to actually pay the programmers instead of the federal government reimbursing them

I think it underscores how little each of us understands this very complex society, even when it’s being wrecked

Because software makes the world go 'round, and people are better than LLMs at software, and companies like to make money, and building product makes money. At least that’s why I think it’s going to bounce back.

Look on the bright side: if AI ever gets better then humans at coding, it’ll be better than humans at a lot of things and the global economy will collapse.