The use of AI by job applicants to send mass applications and by companies to filter them has created a dysfunctional hiring process with high application volumes and low employer response rates.

The Federal Reserve Bank of New York recently found that the unemployment rate for recent college graduates has surpassed the unemployment rate for all other workers.

Students from top-tier universities, including Duke, Stanford, the University of Chicago, and Carnegie Mellon, report that their degrees no longer provide a significant advantage in the current entry-...