The real changes in the job market will come when AI takes over the majority of a plethora of basic college level jobs and many levels of managerial jobs...
...The big shift in the job market will be a change to where hands on services overtake most college level jobs in pay scales...
AI will be able to take the place of a majority of jobs now held by college grads...
Not going to happen overnight but it's coming...!
AI is being pushed really hard where I work. However, the jobs they are going after do not require a degree. The jobs that AI will take are non-skilled labor jobs first. Think Call center, chat bot, data entry, testing droid, etc. Things that are repetitive and have certain "you can train a chimp to do it" characteristics. The higher thinking/reasoning jobs are not going to get replaced by AI before I'm retired.
The next 5 years you will see any job that requires repetitive activities, with a limited number of variables of output, automated.
Another example would be a medical biller or medical follow up. My wife tells me what she does as a medical follow up and what medical billers do and I tell her, your job could be automated soooo easily. But they won't because the insurance company create ambiguity within their payment process to keep bills from getting paid. The entire healthcare billing and payment system could be automated if not for that.
It isn't the college educated that should be worried yet. It is the unskilled widget builders who should be. Walked through a manufacturing plant lately? I worked at honda in Marysville in a large project to put in an overhead conveyer and every day I walked that line to get to my work area, I was amazed at the automated processes and robots keeping that plant going.
I toured the Amazon distribution center South East of Columbus ohio and robots were pulling and picking products from the warehouse and bringing them to a station for a human to pack into boxes. It was quite an amazing thing to see. Even Honda had parts distribution robots running all over the place.
The next jobs you will see going are the bricks and morter stores. We will be a digital shopping country within 5 years. You've already watch what has happened in the past 2.5 years. It isn't going to stop.