(A.K.A. Non-Original Rants)

–Co-opting good stuff from all over the ‘Net and maybe some original thoughts—ΜΟΛΩΝ ΛΑΒE

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Supply outweighing demand

There is a huge gap between college educated kids and those with practical skills, with a high supply of college educated graduates.

This oversupply is leading to higher unemployment in the college educated sector, hitting new graduates the hardest.

The unemployment rate for bachelor’s degree holders climbed to 2.8% in September, while joblessness for other education groups remained relatively the same. Young degree-holders are getting squeezed the most: unemployment for ages 20 to 24 jumped to 9.2%, an increase rarely seen outside recessions. 

Palantir CEO Alex Karp recently had an epic quote about this emerging labor market mess :

The average Ivy League grad voting for this mayor is annoyed their education is not that valuable, and that the person who knows how to drill for oil has a more valuable profession.

I think that annoys the f*ck out of these people. 

Anyone with an ounce of sense saw this coming years ago, especially when there were whole industries selling the myth that the only way to be happy and successful was to go to college.



13 responses to “Supply outweighing demand”

  1. No kidding? You mean the College Educated didn’t see this coming? I’m aghast.

    Now… add to this the upcoming “Great Replacement” of White Collar Workers by A.I. and what are you going to get?

    A bunch of over-educated shit-heads running around playing “Victim”… buried under a mountain of “Student Loan” Debt looking for a bailout… to be paid by?

    Those that they bullied, harassed and made fun of in H.S. to the point where the thought of going to “College” was about as appealing as swallowing molasses laced with ground glass.

    At least those kids have some practical hands-on skills. Or at least one would hope they do.

    I think at the moment, with the A.I. “Wave”, a LOT of Companies may be “on hold” with hiring waiting to see what will… or will not come to light as far as A.I. and it’s practical application?

    Seeing a lot of “on hold” right now in a few industries as far as making equipment purchases because it’s a “wait and see” as to what price fluctuations will or will not occur due to whatever tariffs are… or are not in place. And it’s strange because usually this time of year it’s a mad dash to “spend the rest of the budget” (NOT happening!!!!).

    It’s a similar thing? Maybe. All I know is a lot of things are “wait and see” right now. Perhaps the hiring of the “Educated” (Indoctrinated?) is one of them.

    Stay tuned…. and stay VIGILANT.

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  2. The flip side of the coin is that those “hands-on” jobs (at least at the entry level positions) are also being filled by imported third world trash. So getting hired with zero experience into a hands-on field is also tough. The White middle class is being squeezed on both ends and taxed to death on top of that. I work in manufacturing and a lot of work crews now have one designated translator who actually speaks English who then relays instructions to the rest of the guys in Spanish. I’m glad to be getting out, but I really feel for the young people out there.

    Liked by 1 person

  3. Tough shit.

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  4. Fortunately, there’s always going to be a need for folks digging ditches and graves, and people to either build those shovels or fix the equipment that digs for them. Learning how to turn a wrench may skin your knuckles and might not get you the prettiest partner, but it will nearly guarantee a full belly and roof over your heads.
    I sure hope college degrees can be made palatable with some salt and pepper.

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    1. A college degree in engineering or a scientific field may still be useful. But those who piss away their money(or that of others) to major in BS studies are going to be SOL. And, there are only so many electricians, plumbers, and other tradesmen that the economy can support.

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  5. Both my daughters graduated from the university. They don’t have student debt because their mom and I paid their way. Big mistake. The extreme left-wing, anti-American indoctrination has made both of them fragile nut-jobs. One has a decent job, but is located in an area where she will never be able to afford to buy a house or condo.

    My son skipped the university. He and his wife (and the bank) own a house, have three kids, and are living the American dream. They also weren’t brain washed to hate America, and they are far more happy than the daughters are.

    In 20/20 hindsight, not only would I have not paid their way to the university, I would have actively dissuaded the kids from going.

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  6. The problem of a surplus of useless graduates was discussed by Adam Smith in The Wealth of Nations. His illustrative example was the excessive number of young men who imagined they could all make a living from being lawyers.

    People really should read Smith’s two great books. If you haven’t read at least one of them I don’t see how you could call yourself educated.

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  7. Unchecked overgrowth of the credentialed class is a disaster, made worse still by the proliferation of bullshit degrees, obtained at great cost, and with no relation to actual value received. Many of these people – women being an outsized number of them – are screwed for life, because their degrees are effectively worthless for obtaining gainful employment that will even cover their loan payments. The leftist intellectual class also needs to be gutted from these places, and from society in general. Not that have any expectation of any such thing happening.

    Universities in this county need to be cut back down to size, and have their influence massively reduced, in turn. If many of them have to shutter for lack of a viable business model as a a result, so be it. Trump’s recent “own goal” remark about allowing 600,000 Chinese students in, to effectively prevent the collapse of major universities who are reliant on their tuition just to exist as a going concern, further proves just how screwed up it really is.

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  8. They borrowed 6 figures for degrees in grievance studies and took classes on the importance of Taylor Swift and then wonder why they can’t find work.
    An Ivy League graduate is a walking lawsuit and a hindrance to anybody trying to actually do any work.

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  9. Meanwhile, hospitals are unable to find enough nurses to adequately cover inpatients. Schools are chronically understaffed especially in STEM areas. If you have a college degree in any field, it takes only a semester or two to add the courses that are needed to switch from a useless degree to becoming an asset to your community. Some of these courses are online for a much lower cost to the students.

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  10. ‘Most’ of those degrees are worthless today. STEM are still viable, otherwise, trade skills are a better bet.

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  11. You would assume STEM is of value, but the degree with one of the highest unemployment rates is computer science. Seems AI does a better job than entry level developers.

    I taught programming back in the 80s. I never understood how they could crank out as many CS graduates as they have been. There just aren’t that many people who grok it.

    Having said that, being on the hiring side, it’s amazing how many people with CS degrees can’t program.

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  12. boneman–We’ll see how it progresses.

    Don–Indeed.

    Cappy–Okay??

    millerized–Yep and once we get the illegals out of the system, then our folks can earn a good living.

    Bill–There’s a lot of catch up to do though.

    Unferth–Hindsight is 20/20. You did what you thought was best. Plus there’s a huge propaganda machine out there pushing for college.

    dearie–Interesting!

    BRD–All truth.

    Veeshir–The tide is starting to turn and companies that want to thrive are shying away from Ivy grads.

    Fermd–It could be that simple except for rules and regs put into place to gatekeep people wanting to be teachers. And that doesn’t include the demonization of men, which is why most teachers now are female, as are the administrators.

    NFO–Agreed.

    Unferth–And the fact that they can’t program is a huge problem. I was talking to a guy this week whose job is to Q/A AI created machine code because the ‘programmers’ can’t tell good code vs bad.

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