Andrew Yang just came back from an AI conference and what he heard alarmed him. Four years ago the standard career advice was learn to code. Now he says the opposite is true.
He described what people at the conference told him: "They said to me that what we're going to see in the next 6 months outstrips what we've seen in the last 10 years cuz the rate of change is on a hockey stick and heading up. And I got to say I'm pretty up to date on this stuff and it blew my mind on some of the stuff I was seeing."
One number stood out to him. "There was one company that is selling autonomous coding for enterprises to big businesses and their revenue is up 100-fold in the last 12 months."
The downstream effect is already showing: "If that continues, it's going to eat a lot of the tech budgets from major corporates that used to go to humans. And so you're seeing the employment of recent computer science graduates fall off a cliff from a lot of programs."
He points to Anthropic's CEO for the bigger picture: "Dario Amodei, the CEO of Anthropic, laid it out very clearly and he's been doing so repeatedly, saying we're going to automate away up to 50% of entry-level white collar jobs in the next several years. And I believe him."
Why entry-level first? Yang's answer is blunt: "The easiest people to fire are the people you haven't hired yet, which again is why you see the hiring of recent college graduates heading down."
The data is already confirming it. The underemployment rate sits above 50%, and unemployment among college graduates is now equal to or higher than non-college graduates for the first time on record.
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