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New U.S. college grads now have higher unemployment than the average worker

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Re: New U.S. college grads now have higher unemployment than the average worker

#101

Post by xboxnolifes »

epistasis wrote: post #74
throwaway27448 wrote: post #67

Earlier quoted context omitted.

It's not just our young—that just receives disproportionate attention. The entire country is being actively looted under the guise of "economic growth". Anyway, increasing supply isn't going to solve our many problems leading to widespread homelessness and financial insecurity, but the Ezra Klein dunces aren't ready for that conversation yet.

I would say aversion to allowing economic growth is the true cause of inequality. It creates austerity which means the wealthy do just fine while those with less suffer and overpay and transfer what little they do have to the wealthy. Degrowth is a fundamentally unequal program which causes massive inequality and suffering. Only with growth does power lessen for those with the most.

I don't see aversion to growth. I see aversion to filling to pockets of the top 0.1% at the expense of the bottom 90%.

A rising tide raising all ships sounds great and all, until you notice the tide seems to only be rising on one side.

Re: New U.S. college grads now have higher unemployment than the average worker

#102

Post by majormajor »

simonw wrote: post #79
throwaway27448 wrote: post #67

Earlier quoted context omitted.

It's not just our young—that just receives disproportionate attention. The entire country is being actively looted under the guise of "economic growth". Anyway, increasing supply isn't going to solve our many problems leading to widespread homelessness and financial insecurity, but the Ezra Klein dunces aren't ready for that conversation yet.

> increasing supply isn't going to solve our many problems leading to widespread homelessness and financial insecurity Why not? (I guess I'm a "dunce", but I'm one that's ready for that conversation)

Being charitable here (though... when called a "dunce" it's hard sometimes to want to be charitable), the statement would be perfectly correct if slightly reworded to:

"increasing supply isn't going to solve many of our problems leading to widespread homelessness and financial insecurity"

It would just help with some of them.

But that's a statement that's obvious on the face of it - cheaper housing costs buy time if you lose your job, and makes it easier to have a bigger emergency fund, but it isn't an infinite reprieve. So. The charitable interpretation still hits a wall because that would be acknowledging that supply would help with some of them, and the "dunces" nonsense suggest that they wouldn't agree even with that.

(In some states in particular, though, home ownership is uniquely protected in ways that would help fight homelessness, so increasing supply and incentivizing selling-to-an-owner vs being a landlord could be very helpful too.)

Re: New U.S. college grads now have higher unemployment than the average worker

#103

Post by sillysaurusx »

0xDEAFBEAD wrote: post #98
hn_throwaway_99 wrote: post #93

I think the article is correct to point out remote work as a big culprit, but for the wrong reasons. The article says "Employers, the Fed argues, are wary of hiring inexperienced people into remote roles, where the on-the-job mentorship that turns a new grad into a productive worker is hard to deliver." And I agree that's a factor, but I really think that what changed in the late teens is that remote software and net…

So what are remaining high-paying white collar jobs which aren't exposed to this type of foreign competition? I'm thinking lawyer, since legal skills aren't as portable across international borders?

AI’s coming for them. It’s impossible to predict what lawyering will look like in four years.

Re: New U.S. college grads now have higher unemployment than the average worker

#104

Post by jagged-chisel »

crims0n wrote: post #60
SOLAR_FIELDS wrote: post #42

Earlier quoted context omitted.

I personally as a general rule don’t hire people who work in cybersecurity if they were not traditional developers first. The chances of you understanding “cybersecurity” without also understanding how general software works is extremely low.

This is broadly true for all concentrations in cyber. There is no entry level. Your first job should be learning how what you want to focus on works… be it networking, sysadmin, devops, vendor risk management, etc. Unfortunately, cybersecurity was a hot topic in the education market and people got sold on the idea that they could get a six figure job with nothing but some theory and an entry level certification.

> Your first job should be learning how what you want to focus on works.

Then what was the purpose of sitting for a degree?

Re: New U.S. college grads now have higher unemployment than the average worker

#105

Post by le-mark »

lispisok wrote: post #41
ilamont wrote: post #25

Earlier quoted context omitted.

> I spend a decent amount of time trying to advise people away from this career field for college. So so so so so many people are going to college for cyber not realizing when they graduate, they are in totality unemployable. My spouse knows a recent grad who took this path through an undergraduate program at the University of Maine ( https://www.uma.edu/academics/programs/cybersecurity/cyberse... ). As you said, he…

Anytime you see a lot of media claiming there is a shortage of some career it's a negative signal. The field will shortly be flooded

Same for the retiring cobol programmer myth. All those jobs were offshored years ago.

Re: New U.S. college grads now have higher unemployment than the average worker

#106

Post by sleepyguy »

epistasis wrote: post #58

The story here isn't college grads as much as young people in general. We are eating our young. We stopped building new housing, which turns housing into a transfer of wealth from those who don't have it (the young) to those who have been holding it (the not young). We have eliminated entry level positions, saddled college graduates with massive amounts of debt by defunding universities, and created great security fo…

Perhaps they should vote, unfortunately they don't. They are unreliable as a base so politicians ignore them and their needs.

Re: New U.S. college grads now have higher unemployment than the average worker

#107

Post by nradov »

rfgplk wrote: post #32
delfinom wrote: post #20

Earlier quoted context omitted.

Yep, I think my megacorp's cybersecurity department is just a bunch of checklist punchers that now just copy and paste any of our technical writeups into ChatGPT, and I am not even joking. Fucking infuriating. They are doing the bare minimum for cybersecurity insurance requirements, thats it.

I know _for a fact_ that most companies don't care. There might be a select few out there that genuinely do, but most don't. I've literally reported numerous GLARING vulnerabilities to companies in various different industries, only for the vulnerabilities to remain unpatched for MONTHS. Few of the most comical examples, one major game studio was compiling their Linux binaries with FULL DEBUG SYMBOLS AND INFO plus th…

Shipping debug symbols isn't a security vulnerability. It might be sloppy, but we all know that security through obscurity doesn't work. Especially not with modern analysis tools and access to the executable code.

Re: New U.S. college grads now have higher unemployment than the average worker

#108

Post by jonhohle »

jazz9k wrote: post #99
epistasis wrote: post #58

The story here isn't college grads as much as young people in general. We are eating our young. We stopped building new housing, which turns housing into a transfer of wealth from those who don't have it (the young) to those who have been holding it (the not young). We have eliminated entry level positions, saddled college graduates with massive amounts of debt by defunding universities, and created great security fo…

College graduates have been saddled with debt for a few decades now. Universities know that most of the student base gets a federal loan and once the money changes hands, don't care if it can ever get paid back. This has led to administration bloat and majors that are completely useless when you graduate. Federal loans should be eliminated and universities should back the loans themselves.

That would unfairly couple the success of their students with their own success /sarc.

The government has a history of inflating anything they offer cheap money for. Housing, healthcare, education.

In our area parents can get several thousand for opting out of public school. That can be used to offset private school tuition. What happened? Private school tuition rose by about the amount the government was giving. It’s no more affordable, the government is on the hook for money, and the private schools have less incentive to compete since they got a 50% bump for doing nothing.

Any time the government offers handouts fraud, waste, and inflation will follow.

Re: New U.S. college grads now have higher unemployment than the average worker

#109

Post by majormajor »

epistasis wrote: post #69
lizknope wrote: post #63

Earlier quoted context omitted.

Everywhere I look in my area we are building new housing. But more people keep moving to the desirable locations with jobs etc. EDIT: I live in one of the 10 fastest growing metro areas of the US. In the last 4 years my county added over 60,000 homes but about 130,000 new people moved here. I drive around and see new development after new development. But more people move here because of the good jobs, schools, etc.…

There's a huge disconnect between perceived amount of building and actual need for housing, in my experience. People are used to seeing nothing, so when even a single building goes up they think it seems like a lot. In my downtown area, there has been a trickle of a new building with a few hundred apartments per year for the past four years, and people are freaked out at that tiny amount of new housing in a city of 5…

This is also the cause of the gentrification anger and resulting NIMBYism.

If you build some, but not enough vs what's actually needed, you get both:

- expensive new market-rate construction that most people can't afford

- localized bumps in rent for increased relative desirability

- overall prices that continue to rise across the city because the new construction was just a drop in the bucket compared to the need

And then it's easy to point to "they built that building AND our rent went up!" as a reason to oppose construction, even though in the long run they'd go up even more if that building wasn't built.

Re: New U.S. college grads now have higher unemployment than the average worker

#110

Post by oivey »

majormajor wrote: post #76
krackers wrote: post #22

Earlier quoted context omitted.

>as China's "lying flat" movement No, you miss that "lying flat" is only possible when cost of food/living is low and housing is abundant.

I believe the closest US equivalent is to get on disability to subsidize those costs. (Especially effective in cheaper areas.)

Getting on disability is insanely difficult and pays jack shit. That is not a US equivalent by any measure.
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