Today’s young people have endured crisis after crisis—social media upheaval, a pandemic, and political turmoil. And for many eager to finally start their careers, they’re facing yet another uphill battle: entering one of the toughest job markets in a decade.
Job postings are down, and unemployment among recent graduates has climbed to 9.3%, according to the Federal Reserve—its highest level outside of the pandemic since 2014.
But one lawmaker says this may only be the beginning.
Unemployment for recent college graduates could surge to as high as 25% in the next two to three years, warned U.S. Senator Mark Warner (D-Va.) in an interview with Bloomberg, and it could cause a “level of social disruption that’s unprecedented.”
“If we eliminate that front end of the pipeline, how are people ever going to get to that mid-career spot?” Warner added to CNBC.
Thanks to AI? More like thanks to governments of oligarchs and their tech bros who only care fucking making money for themselves. AI is not autonomous, it’s pushed forward by a bunch of selfish pigs
The current people of the ruling class can’t do anything about it. Capitalism is going to proceed on its path, driving them to keep running over more and more people. It’ll only stop when enough of us have been fucked over that we can take the power away from them.
If you feel this is abstract or theoretical, just look at the utter inability of the system to stop itself from inflating the obvious AI bubble. It’s right in front of us. Everyone sees it. The ruling cass sees it. And they can’t stop inflating it. This isn’t random. Competition demands it. Imagine being the loser that decided to stop investing while your competitors actually get something out of it after the crash. That might turn you into a regular worker, making a living from a salary. A terrible thought.
The current people of the ruling class can’t do anything about it.
Won’t. They can do plenty about it. They won’t.
If you feel this is abstract or theoretical, just look at the utter inability of the system to stop itself from inflating the obvious AI bubble.
Unwillingness, not inability. Those inflating the bubble will get bailouts at our expense when it bursts.
Yeah the company I work for is having our 3rd or 4th Reduction In Force this year… Upper management is also pushing hard for us to all use more AI.
It’s great, not only are we understaffed with impossible deadlines, but we lost all of our tribal knowledge, and half the fires we are fighting are due to inexperienced workers using AI for everything.
Self inflicted wounds…
We’ve fired everyone who does anything and we’re still hemorrhagging money and we’re all out of ideas D:
I am willing to bet it’s at close to 25% now. We just don’t fucking count it because our government is trying to manipulate the public that everything is a-ok!
Exactly. The shutdown is a blessing in disguise for Trump and Republicans, because it delays the economic data. The stock market is still on the rocks because of delayed data from October.
The student loans are never being paid back, just like the federal debt.
They shouldn’t have been loans in the first place. The government benefits from its citizens being educated. They already make money from it without charging interest so why did it ever need to be a loan in the first place?
Well, it looks like “the Great Reset” wasn’t just a right-wing conspiracy theory against the left. Looks like it was accurate, except it was the right wing who was going to do it.
deleted by creator
Yeah but five pedophiles will get billions and the shareholders will get the money without having to actually filter the money through services because without a job you die in America. Here comes the technofudal pedophile system. Have more babies so you can sell them to the kid diddlers in charge. Don’t want to? Too bad we will have masked “alpha male” cosplay Nazis kidnap them and take them to a rape island anyway. /jk
Federal jobs guarantee
Oh well if a senator said it then by all means, let’s stop and take notice.
Soon there will be a critical mass of people who have nothing left to lose
OK, one question: How many percent of recent grads are usually employed - within their field of expertise? In other words, does this hit all kinds of grads equally, or just those who move from higher education right to the McD sales counter or into the taxi drivers seat?
