> Alarming doesn’t begin to describe it. This is an existential crises for our industry.

In my (admittedly vibes-based) opinion, this is just a result of there being a huge supply of CS grads in this country due to it being popularized as a path to a stable, high-paying job. Those degrees are now more often than ever held by people who aren't necessarily passionate about, or good at, the field.

The signal-to-noise ratio in hiring, therefore, is worse than ever. AI exacerbates the problem, of course. But I don't think this is an existential crisis; I think the market will sort itself out, as those less-qualified entrants leave.