4 ms·
Some relevant data: https://www.newyorkfed.org/research/college-labor-market#--:explore:outcomes-by-major https://www.newyorkfed.org/research/college-labor-mark
by kkylin 1y ago
Some relevant data: https://www.newyorkfed.org/research/college-labor-market#--:explore:outcomes-by-major https://www.newyorkfed.org/research/college-labor-market#--:...
- whatshisface 1y agoWho knew, art history is more employable than finance.
- readthenotes1 1y agoYou apparently didn't look at the underemployment and median early career wage data. I'm guessing that many people with a art history degree do not work in art history...
- angmarsbane 1y agoOr perhaps its a vanity degree? Or its pursued by people with family wealth and good connections, the sort that an auction house or high-end gallery would want to hire.
- em500 1y agoSome more: https://fred.stlouisfed.org/series/CGMD25OM https://fred.stlouisfed.org/series/CGMD25OM
- photonthug 1y agoThanks, probably better than TFA. The under-employment numbers are always telling, anyone who talks about employment without mentioning this is running a scam. Sobering to see that only elementary ed and nursing are really doing ok, fields where we're always chronically short. And even while everyone's talking about demographic bombs and aging populations, nurse-adjacent med-tech is still sitting at 57.9%.
- leereeves 1y agoEven so, computer science is still among the fields with the lowest reported underemployment rate. It's essentially tied for second place, after nursing, with a much higher salary. I wonder how to reconcile those stats with the stories I hear about the CS job market.
- ndiddy 1y ago> I wonder how to reconcile those stats with the stories I hear about the CS job market. Most of the stories you hear about difficulties getting hired are from new grads. Anecdotally, companies have become far less willing to train juniors over the past few years, they only want to hire seniors that other companies have already trained. It would be interesting to see these per-major underemployment numbers filtered by whether someone had recently graduated.
- ChrisMarshallNY 1y ago> companies have become far less willing to train juniors over the past few years Might have something to do with the appalling employee retention numbers in today’s tech scene. Why bother spending six months, and five figures, training someone, only to have them hop to another company in 18 months?
- ndiddy 1y agoIt's easier to keep employees when you adjust their compensation to remain at the market rate.
- ChrisMarshallNY 1y agoIt’s more than just money, though. It’s just that companies are using that as their only variable, so the results are inevitable. For some reason, companies would rather pay insane salaries, than treat employees well enough to encourage them to stay.
- deleted 1y ago
- mNovak 1y agoHuh, TIL that around 50% of college grads go on to get some Graduate degree. Much higher than I expected.
- AbstractH24 1y agoWould be interesting to break that out by industry.
- rightbyte 1y agoInteresting how approximately 6-7% unemployment rate among new SWE graduates translates to such gloomy anecdotes going around in this post.
- naysunjr 1y ago6-7% of 1+ million software engineers (according to BLS) is a lot of actual people. Stats have ground truth underlying them. 6%-7% is less text than the big numbers popular for brevity. But it’s just mathematical euphemism for a real count.