Coding Gold Rush Turns to Bust: Computer Science Graduates Face Surging Unemployment as AI Disrupts Job Market
Recent graduates in computer science—long regarded as having the most assured path to professional success—are confronting an unexpected reality: unemployment rates within their ranks are now among the highest for any undergraduate major, prompting a critical reevaluation of the “learn to code” mantra that has shaped global education policy and vocational planning over the past decade. According to a recent analysis based on the latest labor market report from the Federal Reserve Bank of New York, the unemployment rate for new computer science (CS) graduates in the United States has ballooned to 6.1%, while those holding degrees in computer engineering fare even worse at 7.5% (Newsweek). This stands in stark contrast to the overall recent graduate unemployment rate of 5.8%, challenging assumptions not only in Western economies but also in rapidly digitizing societies such as Thailand.