Core Viewpoint - The traditional belief that a degree in Computer Science (CS) guarantees high salaries and job security is rapidly deteriorating, with rising unemployment rates among CS graduates indicating a significant shift in the job market [4][16]. Group 1: Decline of Job Security in CS - The unemployment rate for CS graduates has surged to 6.1%, nearly double that of philosophy graduates, indicating a collapse of the perceived "iron rice bowl" [5][8]. - Despite CS graduates having the highest starting salary at $80,000, their unemployment rate ranks seventh among all majors, with computer engineering graduates facing an even higher rate of 7.5% [8]. - Graduates from top institutions like MIT and Stanford have seen their entry into major tech companies drop from 25% to between 11% and 12% [11][12]. Group 2: Factors Contributing to Job Market Changes - The rise of AI has become a convenient excuse for layoffs, with companies using AI as a justification to reduce their workforce, particularly among younger engineers [25][26]. - In 2024, over 151,000 jobs were cut in the tech sector, with 22,000 positions eliminated in early 2025 alone, including significant layoffs at major firms like Google and Microsoft [27][28]. - The expansion of CS programs in universities has led to a significant increase in graduates, from 51,000 to 112,000 over the past decade, outpacing job availability [33][34]. Group 3: Shifts in Employment Requirements - Companies are increasingly removing formal education requirements, with 52% of job postings in early 2024 not mentioning any educational prerequisites, reflecting a shift towards valuing skills and project experience over degrees [47][51]. - The demand for traditional programming roles is declining, while positions in AI, data engineering, and cybersecurity are on the rise, indicating a transformation in the types of skills that are in demand [56][60]. Group 4: Alternative Paths for CS Graduates - Employers are now more focused on practical problem-solving abilities rather than academic performance, prompting graduates to build portfolios and gain real-world experience [62][73]. - Participation in hackathons and similar events can provide valuable experience and networking opportunities, helping graduates stand out in a competitive job market [66][70].