I don't think this has much to do with AI and has a lot to do with the current grads declaring their major 4-5 years ago when a confluence of factors crashed together to make programming a job straight from utopia for a short while.

The end result of this will be dirt pay for juniors to weed out who is in it for the passion and who is in it for the money.

Direct link to underlying report: https://www.newyorkfed.org/research/college-labor-market#--:...