The job market is becoming volatile by the minute as generative AI becomes more prevalent and gains broad adoption across organizations worldwide. Last year, Salesforce CEO Marc Benioff revealed that the company is seriously debating hiring software engineers, citing "incredible productivity gains" from agentic AIs.
As organizations begin to embrace AI and inject the technology into their workflows, the lack of job opportunities is becoming a major concern among employees. The same applies to the millions of graduates entering the job market — they are now competing with AI for job opportunities.
Over the years, we've seen executives like Meta's Mark Zuckerberg and Microsoft co-founder Bill Gates enjoy immense success despite dropping out of school and not acquiring their degrees, but Amazon founder Jeff Bezos calls them an "exception," a drop in the ocean if you will (via Fortune).
During an interview at Italian Tech Week last fall, the executive indicated that:
“I always advise to young people: Go work at a best-practices company somewhere where you can learn a lot of basic fundamental things [like] how to hire really well, how to interview, etc. There’s a lot of stuff you would learn in a great company that will help you, and then there’s still lots of time to start a company after you have absorbed it.”
Bezos says working at a company increases your odds of being successful rather than starting your own startup as a young entrepreneur without any prior experience.
The billionaire says the “extra 10 years of experience" in the job market working in a company "actually improved the odds that Amazon would succeed.”
That would always be my advice: I finished college, and I enjoyed college. I think it’s been helpful to me.”
Amazon chairman and founder, Jeff Bezos
Right now, Amazon is arguably one of the most sought-after companies in the world with a whopping $2.64 trillion in market capitalization, and Jeff Bezos is the third richest person in the world with a net worth of $268 billion.
Unlike Mark Zuckerberg and Bill Gates, who launched their companies after dropping out of school in their teens, Bezos formed Amazon when he was 30 years old with 10 years of experience in the corporate world.
Is education a crucial element for running a business successfully in the AI era? Share your thoughts in the comments.
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