I do not see such a big problem. There are always hot technologies (that sometimes turn into fads) for which industry tries to grab anyone they can find. This h

I do not see such a big problem. There are always hot technologies (that sometimes turn into fads) for which industry tries to grab anyone they can find. This happened before (dotcoms, oil/fracking, synthetic bio, etc.) and will surely happen again. Those do not make a major negative society impact because they tend to be narrow -- e.g., the current one sweeps in just AI/ML, not all of CS. This means that while there are a few minor short term disruptions (e.g., a new student might find a scarcity of professors in his #1 choice area for a year or two), it opens up a bunch of opportunities, too (tenure spots, grants, etc.) and in the super-competitive world of modern research universities they quickly get a bunch of qualified applications. My 2c -- best of luck to those who move to industry, but society impact will be minimal if any 10 years down the road.