Employment Issues in the Era of AI

A university degree was once a guaranteed ticket to a secure job and a comfortable salary. In today’s rapidly evolving artificial intelligence era, however, recent graduates in many Western countries are discovering that stable, well-paid positions no longer await them as readily as before. This shifting landscape raises a crucial question for young people and families alike: Is attending university still worth it?

The New Reality for Graduates

Statistics paint a stark picture. In the past, there was a significant gap between the unemployment rates of young graduates and their non-degree-holding peers, particularly in America and the European Union. Yet now, that gap has nearly disappeared; young graduates face similar rates of joblessness as the general youth population. Several factors contribute to this trend. Some believe that as universities have expanded access, they may accept less-qualified candidates and deliver less impactful teaching, eroding the value of a degree. Others observe that fewer jobs actually require graduate-level qualifications, especially as digital skills once unique to graduates have become commonplace.

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