Attention Economy


Wednesday, May 8, 2024

Job Market Reality Facing Class of 2024

‘It Feels Like I Am Screaming Into the Void With Each Application’
Peter Coy:
When I asked new college graduates last month to tell me about their job searches, I got back a ton of heartache. Unanswered applications. Lowered expectations. For some, a sense that college was a waste of time and money.
John York wrote that he was about to earn a master’s degree in mathematics from New York University. “I have submitted close to 400 applications. I have heard back from less than 40, all rejections,” he wrote. “I essentially cannot get any job, because there are no entry-level positions anywhere at all.” He has a patent, he passed the first-level exam for Chartered Financial Analysts and he’s getting his Series 3 license, another financial credential. Nevertheless, he wrote, “It is just so silent, it feels like I am screaming into the void with each application I am filling out.”
 
AI Bots Are Taking Over the Job Application Process. Everyone Is Losing.
It’s bot versus bot on the hiring front lines, as job hunters turn to new tools to counter the AI that’s screening their applications.