A good friend of mine is on some serious anti depressants because of this.
It’s a rigged game with the number of tenured positions is roughly the same, while the base of the pyramid is rapidly expanding, new PhD students are being recruited - after all, who wouldn’t want a highly educated work force for near starvation wages? And they’re all vying for those tenured positions, putting up ridiculously long hours on their projects.
Love for your scientific field only gets you so far.
Actually companies and people who have the money love it.
In 2017 you are just not going to get a good deal, etc if your relatives don’t already have the money or factories.
Older people think that the youth is entitled, but they are just not aware that in 2017 the largest part of the youth go in fields that are supposed to be serious (engineering, law, etc), do their years of study and that more than half of them, who did everything right, never get an entry level job
It just wasn’t like that before.
There was an engineering student working as a shop hand while he went to a so-so reputable university. He did shitty work in the shop, shitty work for school, thought he was smarter than everybody but took the actions of an idiot, basically a complete fucking tool with the mantra “C’s &D’s get degrees…”.
Do you think he deserves the same job, title, responsibilities and pay as You?
I think he’s rightly going to get the cold shoulder from the wonderful world of work, and end up about 120K in debt, talking about how unfair the world is and how he did everything right.
He’s an entitled nit-wit that can’t think his way out of a wet paper bag, but if he keeps raising hell at the Deans office he’s going to have the same degree as you.
You really believe more than 50% of recent graduates with engineering or law degrees (or other serious degrees!) are unemployed? You are aware recent college graduate unemployment is like 5%, right? That includes all those folks with non-serious degrees too.
He was very lucky because he got a try with those grades, but he is a fool.
Not everyone can cut it in the real world but they had their try, that’s how the profession further sorts the graduates in who do and who doesn’t end up having a career in the real world.
How it works is that someone gives you a 6 month contract, then if they don’t think you are good enough they just try someone else, there is plenty of people. The people who are too slow get 6 months contracts in their resume there and there and wise people know that it’s because they were not good enough.
A good fraction of graduates is sorted out of the profession like that out of school and will keep pressuring down the salaries.
A lower supply of a skill-set will drive salaries up not down due to increased competition (demand) among employers for that skill-set.
I don’t really believe any statistics anymore, I don’t think the phenomenon is well recorded and there is not much desire to address it anyway (unless for periodic article about some foreigner who can’t find a job in whatever field he was in to make the native pleb feel guilty about themselves). Just extended observations around me and stalking on linkedin.
It is, people are knocking at the door constantly. It is not written on their face that they are not as good and they aren’t making it obvious on their resume, etc.
Don’t you think stalking a website that’s purpose is networking/job hunting is skewing your perspective? I mean, if I spent all of my time in a hospital I’d probably get the impression that the % of people that are sick is higher than reality, right?
I’m saying that if the number of graduates is sorted out of the profession due to being bad at their job then the remaining pool of professionals can demand higher salaries because the supply of skilled professionals has shrunk.
I think what you’re referring to now is the pool of graduates being greater than in the past (a higher supply of graduates than in years/decades prior) has diluted the supply of professioals (at least at entry level); therefore, driving salaries down. Is that what you mean?
This nails it. Ultimately this is what’s going on. Years of people going into professional fields is starting to outpace economy/population growth. It’s a natural byproduct of telling multiple generations that college is the best/only path to success.
Ultimately, it just means people in my generation needed to actually pay attention when selecting a career path. Many of them didn’t see their parents have to do it so they just didn’t think it mattered. Now they’re sitting around with half useless degrees and debt up to their eyeballs (not that the debt increase is their fault as much as rising edu prices, but the point remains).
I can see what he’s describing happening like this- a constant stream of inept graduates convinces management or ownership that it isn’t worth it to hire at the previous norm.
I’ve gotten that at a couple of places. They tell you “We don’t hire anybody at that rate”. Then after a short period the owner or sup. says “I’m putting you up for a raise. Those guys don’t need to know that though.”.
Ya, I can see that. Especially at more entry-level positions.
