One unfortunate side-effect is the junior engineers who cannot immediately exceed the AI are not being hired as often. But this era echos the dotcom boom, where very low-skilled people commanded very-high wages. Universities, which have always been white collar job training but pretended they weren't, are being impacted greatly.

https://registrar.mit.edu/stats-reports/majors-count

24% of undergraduate MIT students this year have Computer Science in the title (I asked chatgpt to calculate this from the difficult-to-parse website). 1/4 of all MIT undergraduates are not being trained to be future PhD researchers - they, like all other schools, are training the vast majority of their students for private sector workforce jobs.

The culling is happening all over. We will likely go down to < 1000 colleges in America from 4000 now over the next 15 years.

This is a good thing. The cost of university degrees is far too high. We are in the midst of a vast transition. College should return to being the purview of the truly intelligent and the children of the rich, as it was for all time before WW2. This very weird experiment in human history is ending, and it cannot happen soon enough