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1 in 2 new college graduates are jobless or underemployed

finance.yahoo.com

21–30 of 68 posts

Re: 1 in 2 new college graduates are jobless or underemployed

#21
post #9

I'm not sure why college students aren't told that a degree in anthropology/english/women's studies is not going to give you marketable skills, while a degree in nursing/engineering/computer science will. Perhaps incoming freshmen should be given better guidance?

I'd imagine it's a combination of: 1.) Hangover of attitudes from better economic times. 2.) Cultural pressure to be seen to "follow your dreams" rather than directly focus on money.

Re: 1 in 2 new college graduates are jobless or underemployed

#22
post #13

This is interesting to me. I'm 20 years old and I'm not in college nor do I plan to finish a degree (and if it wasn't for technology greats like Peter Thiel and PG advice, I might still be making a $100,000 mistake). I'm a fairly normal guy, I've been out of high school for 3 years now and I'm making slightly less than Bureau of Labor Statistic's 2010 Median Income for 'Software Developers', which I believe is more t…

> As if somehow our work is simply just a confluence of forces far beyond our control... In short, I'd encourage any young person my age to not write themselves off as a victim of societal forces. It's always our decision who we are and what we do with our lives. You are wise. Please write a book for our generation.

Thank you for your gracious words, but I'd ask you to thank Robert Solomon and Sarte.

Re: 1 in 2 new college graduates are jobless or underemployed

#23
post #13

This is interesting to me. I'm 20 years old and I'm not in college nor do I plan to finish a degree (and if it wasn't for technology greats like Peter Thiel and PG advice, I might still be making a $100,000 mistake). I'm a fairly normal guy, I've been out of high school for 3 years now and I'm making slightly less than Bureau of Labor Statistic's 2010 Median Income for 'Software Developers', which I believe is more t…

Can you elaborate on how video games are more detrimental to human wellness than certain drugs?

Re: 1 in 2 new college graduates are jobless or underemployed

#24

They should learn Ruby on Rails. * Yea, this sounds like I am being an asshole, but really - the gap between how many developers are needed and how many are available is probably hundreds of thousands.

While programmers in general are in short supply, Rails people are extremely scarce. This is surprising considering the learning curve for this platform is basically a few weeks of intensive training, perhaps even less for those familiar with some other MVC development model. Mobile applications are putting a tremendous strain on the labor pool by demanding not just native developers, but people who can build out bac…

Is this true? Do you have anything to back this up? Not doubting you, I'm genuinely curious. Perhaps I undervalue my skillset...

Re: 1 in 2 new college graduates are jobless or underemployed

#25
post #13

This is interesting to me. I'm 20 years old and I'm not in college nor do I plan to finish a degree (and if it wasn't for technology greats like Peter Thiel and PG advice, I might still be making a $100,000 mistake). I'm a fairly normal guy, I've been out of high school for 3 years now and I'm making slightly less than Bureau of Labor Statistic's 2010 Median Income for 'Software Developers', which I believe is more t…

>I see a lot of active rejection of the ideals of hacker culture, perhaps epitomized by my generation's obsession with video games (which, incidentally, I think could be argued as more detrimental to human wellness than even the most societally hated and destructive addictive stimulants like methamphetamine or cocaine)

I'd be interested in reading this argument.

Re: 1 in 2 new college graduates are jobless or underemployed

#26
I don't like headlines like this that conflate two quite different situations (ie, "jobless" and "underemployed").

Ebay used to do the same thing when it would report that x00,000 people sold on Ebay "full time or part time". Kind of a big difference so not that meaningful a stat.

Re: 1 in 2 new college graduates are jobless or underemployed

#27
post #13

This is interesting to me. I'm 20 years old and I'm not in college nor do I plan to finish a degree (and if it wasn't for technology greats like Peter Thiel and PG advice, I might still be making a $100,000 mistake). I'm a fairly normal guy, I've been out of high school for 3 years now and I'm making slightly less than Bureau of Labor Statistic's 2010 Median Income for 'Software Developers', which I believe is more t…

Not everybody is a creator at heart though. And even among creators, programmers are the ones with the best opportunity to create something out of nothing. The non-creators, or the creators-in-high-entry-fields, are the ones losing jobs and opportunities. So yeah, if you have a CS-related degree and a passion for programming, you have amazing opportunities that should not be wasted.

I think you're absolutely correct, I also think there's a lot more people making decisions that optimize for short-term satisfaction rather than long-term happiness. It's true that my deepest happiness comes from creation but I believe I'm far from alone (especially amongst college attendees, who are supposed to be the endlessly curious!).

Even still, maybe not everyone is a creator, but we are the result of 6 billion years of evolution -- act like it.

Re: 1 in 2 new college graduates are jobless or underemployed

#28
I wonder if this has anything to do with how it seems that every time someone talks about colleges better preparing young people for a career, there is always someone here that responds saying that college is not all about getting a job, but about a "cultural experience". I guess you need something to justify the expense now.

Re: 1 in 2 new college graduates are jobless or underemployed

#29
This seems like the most important line in the story:

"About 1.5 million, or 53.6 percent, of bachelor's degree-holders under the age of 25 last year were jobless or underemployed, the highest share in at least 11 years. In 2000, the share was at a low of 41 percent, before the dot-com bust erased job gains for college graduates in the telecommunications and IT fields."

Headline in 2000: "Even with incredible economic performance, nearly 1 in 2 new graduates are jobless or underemployed"

Not to get in the way of the AP's narrative and everyone's self-congratulations for picking a profitable major.

Re: 1 in 2 new college graduates are jobless or underemployed

#30
post #14
post #9

I'm not sure why college students aren't told that a degree in anthropology/english/women's studies is not going to give you marketable skills, while a degree in nursing/engineering/computer science will. Perhaps incoming freshmen should be given better guidance?

"Do what interests you" is very common and very bad advice. I studied social anthropology for a semester because it "interested" me — but only in theory, not in practice. The computer science degree I eventually received has yielded a far more interesting career than what my friends in psychology/philosophy/sociology have experienced, on average.

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