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

randalolson.com

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

#141

Post by bombcar »

SL61 wrote: post #48
conception wrote: post #10

Earlier quoted context omitted.

> college education is a shortcut to generic employment That was/is the societal narrative for the last forty plus years, yes.

Yep, I remember being told that it doesn't matter which major I pick because there would be jobs that wanted just any bachelor's degree. I'm sure high school kids are still being told that today, and it might not be entirely false. Decent-paying jobs have certainly become more specialized for specific college majors, but I still see local job listings on the lower end of the white collar pay scale that ask for a BA/B…

When only the self-selecting intelligent/diligent/driven went to college, selecting college graduates was a huge win.

So then everyone decided everyone should go to college - to me that's manifestly not the case, but that's where we are; plumbers doing quite successfully for themselves with a degree in something or other that doesn't matter at all.

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

#142

Post by hn_throwaway_99 »

ilamont wrote: post #25
Rotdhizon wrote: post #12

This is the easiest niche to pick on but I am mid career for cybersecurity. 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. Really I'm not sure how new people to tech could even enter the industry, it seems like at the lower levels the entire i…

> 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…

Not being directly in cybersecurity, is the situation there different from, say, CS grads as a whole? That is, not sure if the point is that hiring for entry-level tech is a disaster across the board and cybersecurity is one particular manifestation of that dynamic, or if cybersecurity is for some reason specifically worse than overall new grad employment in tech.

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

#143

Post by mcmcmc »

dmm wrote: post #137
SecretDreams wrote: post #121

Earlier quoted context omitted.

No. It's a k-type curve where the high deciles are getting higher and the lows are getting lower, so to speak. There is increasingly becoming more of a divide between haves and have nots, and it has a temporal component because of how equity has appreciated over the last decade or so. Both housing and stocks. People from a decade ago have seen absolutely unsustainable appreciation in their assets while doing nothing.…

> It's a k-type curve where the high deciles are getting higher and the lows are getting lower The lowest quartile of income have had the highest growth the past four years.

[flagged]

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

#144

Post by wnc3141 »

throwaway27448 wrote: post #67
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…

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.

There are extractive and inclusive economic institutions. democracies tend to guarantee the latter, we are rapidly pursuing the former.

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

#145

Post by khuey »

t-3 wrote: post #45
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.

Our lying flat is opiods. Generating dark money and killing off the useless, isn't late-stage capitalist empire great?

Opioid overdose in America kills the uneducated, not the college graduates who failed to launch.

https://pmc.ncbi.nlm.nih.gov/articles/PMC10559184/#aoi230067...

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

#146

Post by AndrewKemendo »

materielle wrote: post #113
azan_ wrote: post #88

Earlier quoted context omitted.

Isn't basically every decile getting richer (i.e. able to afford more things) thanks to economic growth?

What if I don’t care about affording more things? And instead want to live in an ethical society that prioritizes stability and universal access to housing, healthcare, and education?

Welcome to the forever dissapointed club.

The society you desire can’t exist unfortunately as much as I’ve thought it could and worked for it

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

#147

Post by SlightlyLeftPad »

SecretDreams wrote: post #121
azan_ wrote: post #88

Earlier quoted context omitted.

Isn't basically every decile getting richer (i.e. able to afford more things) thanks to economic growth?

No. It's a k-type curve where the high deciles are getting higher and the lows are getting lower, so to speak. There is increasingly becoming more of a divide between haves and have nots, and it has a temporal component because of how equity has appreciated over the last decade or so. Both housing and stocks. People from a decade ago have seen absolutely unsustainable appreciation in their assets while doing nothing.…

Looking back in human history, what was the ultimate outcome for similar economic conditions?

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

#148

Post by ambicapter »

wnc3141 wrote: post #144
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.

There are extractive and inclusive economic institutions. democracies tend to guarantee the latter, we are rapidly pursuing the former.

I don’t know about that, I feel like one of the issues when one person-one vote democracies is that it means the greater population demographic (aka the Boomers) hold a relatively higher proportion of the vote and thus can majority rule everyone else.

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

#149

Post by bickfordb »

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…

I believe we have a competitive construction market, but anti-urbanization zoning regulations, overzealous bespoke building codes and inflation in construction material prices has made construction relatively more expensive than in previous eras in the US.

Aside from housing, every professional sector has been taken over and hollowed out by private equity or big tech. My grocery store, vet, plumber and doctors are all PE.

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

#150

Post by beej71 »

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…

We're building like mad in our town. Have been for years. Thousands and thousands of new units. Prices ain't budging. It's odd.
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