Microsoft Cofounder Bill Gates has advice for recent alumni. I accept AI tools, but don't expect stability when it comes to job hunting.
Gates said smart systems are generally excavated with opportunities that are “fun and empowering.” CNN. But that may not mean that ambitious university graduates will land their dream job just by using AI. Despite understanding these applications, it is still a tough job market.
“Hug it [AI]and it's very important to track it,” Gates said.
Gates said he has not changed his recommendations for young people: “Be interested, read and use the latest tools,” he said.
AI has shaken up an entry-level career
Gen Z is getting more and more burned out from job hunting before they start. The frustrated applicant lamented Tiktok about the number of rejected emails received from companies, expressing his fear that he felt the job market was broken. And the most recent data backs up them. Entry-level job openings in the US have declined by about 35% since January 2023, with roles that are easily automated by AI having a disproportionate impact.
A recent survey found that 49% of job hunters in the US Gen Z believe AI is devaluing their degree. Meanwhile, the recent unemployment rate among university graduates has risen above 6% in the last 12 months, which ended in May, but the national unemployment rate is around 4%.
The exchange of AI entry-level work is already felt in all industries. At Carlyle, a global investment firm, previously entry-level employers evaluated transactions that they had relied on Google to request documents manually for articles. Currently, work is being done through AI, and the company is shifting to hiring junior-level employees who can ensure the work is accurate.
The CEO also repeated his employment strategy. said Bill Balderaz, CEO of Columbus-based consulting firm Futurety. Wall Street Journal He decided not to hire a summer intern this year, and instead chose to run a copy of social media through ChatGpt.
How Gen Z is positioned
As Gen Z joins the workforce, career games are changing. Just as investors rely on financial debt in an age of economic uncertainty, many young workers enjoy the safety of their blue-collar jobs and roles rooted in human connection, creativity and physical skills.
A recent survey of 1,000 Gen Z workers showed that 53% were drawn to skilled or licensed transactions in construction, plumbing and electricity. Jobs that install elevators will earn up to six digits and do not require a university degree, for example. Next are people-focused occupations, such as healthcare, education, and social work.
