It's hard to say if there's anything new under the Sun...

There were always unqualified people coming out of college, but the amount of people in interviews that can literally do nothing these days seems higher than before.

There was always some cohort of people that somehow managed to graduate from college with a CS degree, and seemingly not learning anything, or at least not learn how to even write basic code (independently).

It seems like AI is not reducing that percentage - possibly increasing it.

Anecdata, take it with a grain of salt.