Education is not knowledge either. Today market most directly pays for skilled work that increases revenue/profit. Correlation drops after that. It's a struggle I've been trying to reason for myself too.
The root cause if of course AI's role in loss of power on compensation (coding as a skill is no longer as valuable), and loss of power in labor vs capital.
It's hard to face this, specially for the one oasis in the job market that pays well.
This could have a shot if we also recommend to companies that, they should convert overall pay to ~2/3 for employees, and with the 1/3 extra hire more people. so every company that opts in has no higher people budget, but generates more employment.
This only requires that everyone take a pay cut to help their peer citizens. I would sign up for this. But would the majority - would you? yes/no - and why?
Someone is not let go with the announcement "you are replaced with AI". I know many teams that have downsized, or are not hiring after someone left. There is a reason why leverage of employees has drastically gone down. I myself am struggling in this aspect.
One idea we have discussed in my network is if as an industry reset we all said CS should become a 2X to 6X minimum wage career. So say 30k beginner to 100K senior/lead. This would keep many more jobs available and open. But I guess it would not be acceptable to many?
I have asked more than a few dozen people on this, and the answer after some probing is that no other knowledge based career exists that one can move to which is not exposed to AI. While many talk about moving to a labour oriented career, no one has actually done this in my immediate network and friend of friends network. It's day-dreaming in my opinion.