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It's all symptoms of the same problem: a vast oversupply of educated talent. To some degree we have it here to in the US, but it's much greater in China. With

It's all symptoms of the same problem: a vast oversupply of educated talent. To some degree we have it here to in the US, but it's much greater in China. With an oversupply of labor/talent, companies can be arbitrarily selective. In China, seasonal workers coming into the city actually earn more than college degree holders because there's just so many people with degrees. We something similar starting to happen in the US, as more and more people get bachelors degrees, those people get compensated less and less.

Loughla 8y ago
>We something similar starting to happen in the US, as more and more people get bachelors degrees, those people get compensated less and less. Maybe 10 years ago you could say this. But today the statement needs to solidly be: >This is what the state of affairs has been in the US for years now. More people got bachelor's and were compensated less and less. More positions that previously required a high school degree now arbitrarily require a bachelor's. Students are flocking to trade schools in record numbers, and colleges/universities are almost all in a downward spiral right now.
- TheGRS 8y ago
  Maybe as a broad category of all employees, but if anything there aren't enough software developers in the US. > Employment of software developers is projected to grow 24 percent from 2016 to 2026, much faster than the average for all occupations. Employment of applications developers is projected to grow 31 percent, and employment of systems developers is projected to grow 11 percent. The main reason for the growth in both applications developers and systems developers is a large increase in the demand for computer software. https://www.bls.gov/ooh/computer-and-information-technology/software-developers.htm#tab-6 https://www.bls.gov/ooh/computer-and-information-technology/...
- superhuzza 8y ago
  I don't think that's accurate: "The proportion of high school students who earned three or more credits in occupational education — typically an indication that they're interested in careers in the skilled trades — has fallen from 1 in 4 in 1990 to 1 in 5 now, according to the U.S. Department of Education." https://www.npr.org/sections/ed/2018/04/25/605092520/high-paying-trade-jobs-sit-empty-while-high-school-grads-line-up-for-university https://www.npr.org/sections/ed/2018/04/25/605092520/high-pa...
  - Loughla 8y ago
    That source is from 2009. In 2009, there absolutely were more students interested in 4-year schools. In 2009 people were unemployed in nearly record numbers, and institutions of higher education were bursting at the seams. This is now 2019. Working on the cutting edge of higher education AND career/tech programs, the data isn't updated yet just because of the lag for completion rates, but students are HEAVILY moving toward skilled trades. At my institution we have seen a 14% decrease in 'traditional' programs (think transfer to bachelors programs) and a 9% increase in skilled trades programs. And a fun fact that those two numbers aren't the same. Fewer skilled trades require formal schooling than 'traditional' fields. Many students are not enrolling at all and are just finishing apprenticeships. We're in a traditionally strong institution, and our enrollment is flat to 1% up at best. Many institutions in our local system are down in enrollment in the double digits in the last 3-5 years.
    - superhuzza 8y ago
      Oh good point, I took it on good faith that 'now' meant recently in the original article. Original source definitely wasn't now. Fair enough.

Loughla 8y ago

>We something similar starting to happen in the US, as more and more people get bachelors degrees, those people get compensated less and less. Maybe 10 years ago you could say this. But today the statement needs to solidly be: >This is what the state of affairs has been in the US for years now. More people got bachelor's and were compensated less and less. More positions that previously required a high school degree now arbitrarily require a bachelor's. Students are flocking to trade schools in record numbers, and colleges/universities are almost all in a downward spiral right now.

TheGRS 8y ago
Maybe as a broad category of all employees, but if anything there aren't enough software developers in the US. > Employment of software developers is projected to grow 24 percent from 2016 to 2026, much faster than the average for all occupations. Employment of applications developers is projected to grow 31 percent, and employment of systems developers is projected to grow 11 percent. The main reason for the growth in both applications developers and systems developers is a large increase in the demand for computer software. https://www.bls.gov/ooh/computer-and-information-technology/software-developers.htm#tab-6 https://www.bls.gov/ooh/computer-and-information-technology/...
superhuzza 8y ago
I don't think that's accurate: "The proportion of high school students who earned three or more credits in occupational education — typically an indication that they're interested in careers in the skilled trades — has fallen from 1 in 4 in 1990 to 1 in 5 now, according to the U.S. Department of Education." https://www.npr.org/sections/ed/2018/04/25/605092520/high-paying-trade-jobs-sit-empty-while-high-school-grads-line-up-for-university https://www.npr.org/sections/ed/2018/04/25/605092520/high-pa...
- Loughla 8y ago
  That source is from 2009. In 2009, there absolutely were more students interested in 4-year schools. In 2009 people were unemployed in nearly record numbers, and institutions of higher education were bursting at the seams. This is now 2019. Working on the cutting edge of higher education AND career/tech programs, the data isn't updated yet just because of the lag for completion rates, but students are HEAVILY moving toward skilled trades. At my institution we have seen a 14% decrease in 'traditional' programs (think transfer to bachelors programs) and a 9% increase in skilled trades programs. And a fun fact that those two numbers aren't the same. Fewer skilled trades require formal schooling than 'traditional' fields. Many students are not enrolling at all and are just finishing apprenticeships. We're in a traditionally strong institution, and our enrollment is flat to 1% up at best. Many institutions in our local system are down in enrollment in the double digits in the last 3-5 years.
  - superhuzza 8y ago
    Oh good point, I took it on good faith that 'now' meant recently in the original article. Original source definitely wasn't now. Fair enough.