Federal statistics show steadily increasing unemployment rates for tech-related industries while L.A. showcases availability for AI production <\/p>\n
As Artificial Intelligence dominates the technology industry, the enterprise it offers is getting lost in translation to the job market.\u00a0<\/p>\n
While the new frontier AI offers is revolutionizing countless industries, the tech industry is taking a significant blow. Computer science and engineering majors are at a significant employment deficit after historically promising success.<\/p>\n
According to the Federal Reserve Bank of New York,<\/a> statistics released in February of this year reveal the growing trends starting in 2024. Computer engineering and computer science majors have among the highest unemployment rates in the country, ranking 7.8% and 7.0% respectively \u2014 coming second only to anthropology at 7.9%.\u00a0<\/p>\n The Bureau of Labor Statistics (BLS) shows that the general unemployment rate in California has steadily increased since the beginning of 2026. As data centers spread across the country, they have taken root in numbers in SoCal. With so much apparent enterprise in the Golden State known for its technological advances, why are tech graduates fighting for their seat at the table?\u00a0<\/p>\n In a recent study from Stanford\u2019s Institute for Economic Policy Research<\/a>, data shows that software developers are facing the most dramatic cut to employment after the launch of ChatGPT in November 2022. Those aged 22-25 take the most significant hit, down 20%, while those aged 26-30 are facing around a 5% decrease. Software developers 30 or older, well into their careers, are seeing opposing impacts, with job security steadily rising.\u00a0<\/p>\n Experts in the field, like Ben Hyman, an economist at the University of California, Los Angeles, are saying that AI has had specifically concentrated impacts in the tech-related industries \u2014 figuratively taking from the hands that made it.\u00a0<\/p>\n