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Fortune
Fortune
Nick Lichtenberg

A record number of 18-year-olds are set to graduate into an economy designed against them

haidt (Credit: Dia Dipasupil/Getty Images)

At commencement ceremonies across the country this May, a telling phenomenon is obvious. A speaker steps to the podium. They say the words “artificial intelligence.” And the audience erupts in boos.

It happened at the University of Central Florida, when real estate executive Gloria Caulfield told arts and humanities graduates that “the rise of artificial intelligence is the next industrial revolution.” It happened at the University of Arizona with former Google CEO Eric Schmidt, even though he went out of his way to calm the obviously strong emotions. “There is a fear in your generation that the future has already been written,” according to remarks reported by NBC News, “that the machines are coming, that the jobs are evaporating, that the climate is breaking, that politics is fractured, and that you are inheriting a mess that you did not create, and I understand that fear.”

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