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Clara Shih's Recent LinkedIn Posts
Clara Shih
@clarashih
Advisor and Founder of Business AI at Meta | Founder of Hearsay | Fortune 500 Board Director | TIME100 AI
Posts
Clara Shih
Tech & AI
3mo
Today's new grads, especially aspiring software engineers, are the ones hurt most by AI automation of entry-level coding and junior dev tasks. Since 2022, early-career software devs (ages 22-25) have seen ~20% job decline per Stanford Digital Economy Lab, *after* controlling for interest rates and firm-specific shocks eg, COVID over-hiring by big tech.
For the first time in decades, recent grads have a higher unemployment rate than the national average. In addition, the “underemployment rate” for recent graduates has risen to 42.5% (Q4 2025, Federal Reserve Bank of New York).
Certainly the end of ZIRP doesn't help, but Erik Brynjolfsson et al. used firm-time fixed effects (β_{f,t}), quintile fixed effects (α_{f,q}), and debt sensitivity measures to show this is not primarily macro/rate-driven but due to AI*.
As AI handles more junior work, it creates a generation of “never-hired” professionals. These aren't just lost jobs, but also lost career experience pathways. Macro implications are severe but may not be visible until years later, when depressed lifetime earnings, delayed household formation, reduced consumption, and diminished tax contributions compound into structural economic drag. Reforming K-12 and higher education will take time. In the meantime, encourage every young person you know to start learning and building. #Jobs #CSGrads #NewGrads
*Source: https://lnkd.in/g4h_Awuf
306
Clara Shih
Tech & AI
3mo
Today's new grads, especially aspiring software engineers, are the ones hurt most by AI automation of entry-level coding and junior dev tasks. Since 2022, early-career software devs (ages 22-25) have seen ~20% job decline per Stanford Digital Economy Lab, *after* controlling for interest rates and firm-specific shocks eg, COVID over-hiring by big tech.
For the first time in decades, recent grads have a higher unemployment rate than the national average. In addition, the “underemployment rate” for recent graduates has risen to 42.5% (Q4 2025, Federal Reserve Bank of New York).
Certainly the end of ZIRP doesn't help, but Erik Brynjolfsson et al. used firm-time fixed effects (β_{f,t}), quintile fixed effects (α_{f,q}), and debt sensitivity measures to show this is not primarily macro/rate-driven but due to AI*.
As AI handles more junior work, it creates a generation of “never-hired” professionals. These aren't just lost jobs, but also lost career experience pathways. Macro implications are severe but may not be visible until years later, when depressed lifetime earnings, delayed household formation, reduced consumption, and diminished tax contributions compound into structural economic drag. Reforming K-12 and higher education will take time. In the meantime, encourage every young person you know to start learning and building. #Jobs #CSGrads #NewGrads
*Source: https://lnkd.in/g4h_Awuf
306
Clara Shih
Tech & AI
3mo
Today's new grads, especially aspiring software engineers, are the ones hurt most by AI automation of entry-level coding and junior dev tasks. Since 2022, early-career software devs (ages 22-25) have seen ~20% job decline per Stanford Digital Economy Lab, *after* controlling for interest rates and firm-specific shocks eg, COVID over-hiring by big tech.
For the first time in decades, recent grads have a higher unemployment rate than the national average. In addition, the “underemployment rate” for recent graduates has risen to 42.5% (Q4 2025, Federal Reserve Bank of New York).
Certainly the end of ZIRP doesn't help, but Erik Brynjolfsson et al. used firm-time fixed effects (β_{f,t}), quintile fixed effects (α_{f,q}), and debt sensitivity measures to show this is not primarily macro/rate-driven but due to AI*.
As AI handles more junior work, it creates a generation of “never-hired” professionals. These aren't just lost jobs, but also lost career experience pathways. Macro implications are severe but may not be visible until years later, when depressed lifetime earnings, delayed household formation, reduced consumption, and diminished tax contributions compound into structural economic drag. Reforming K-12 and higher education will take time. In the meantime, encourage every young person you know to start learning and building. #Jobs #CSGrads #NewGrads
*Source: https://lnkd.in/g4h_Awuf
306