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We're in sustained under-employment. About half of people in the US who have college degrees are working in jobs that don't need a degree. 70% of Uber drivers s
by Animats 1y ago
We're in sustained under-employment. About half of people in the US who have college degrees are working in jobs that don't need a degree. 70% of Uber drivers started driving after they lost a job.
Unemployment of new college graduates has increased recently. This hit graduates of the computer boot camps a year or two ago, and this year it hit Berkeley CS graduates.
Most people eventually find some kind of job. The alternative is being homeless.
- anovikov 1y agoThat's only because everyone and their dog now get a useless degree... People should be discouraged from education that's above their ability, no one needs so many graduates. 25-55 employment vs population is now highest on record barring a few years in ~1997-2000 during the dotcom boom and even that by only a tiny bit. Also, remember that employment is now suppressed by many people going FIRE, which was a rare exception 25 years ago. Many of my friends left the world of work for good years ago, all their late 30s or early 40s.
- euroderf 1y agoI'm always reading that pensioners, college students, teenagers, and others would like to work part-time but do not find the work, so that counts as underemployment too eh. I think a combination of a higher minimum wage and a shorter standard work week - introduced simultaneously in discrete steps over three or four years, say - would transform lives on a massive scale. But unfortunately everything in America seems to be at best ossified, and at worst headed into the dumper.