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Title: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: Hydrogen on December 13, 2021, 01:14:35 PM Quote The college class of 2020 entered one of the most hostile labor markets in recent history. During the first year of the Covid pandemic, employment decreased across the country. By many measures, college graduates fared best during this period, but as time passes, research is capturing just how difficult conditions are for young workers. The National Association of Colleges and Employers (NACE) recently analyzed the outcomes for 563,000 bachelor’s graduates across 337 colleges and universities and found that only 50.2% of the class of 2020 had full-time jobs with a traditional employer (meaning they are not working as a freelancer or entrepreneur) within six months of graduation. In comparison, 55.3% of the class of 2019 graduates were employed within the same time frame. Students who attended colleges with fewer than 2,000 students tended to do better after graduation. Closer to 62% of these students had full-time positions after six months. “The Covid-19 pandemic had a significant effect on the job market for the Class of 2020, and our report illustrates that,” says Shawn VanDerziel, executive director of NACE. “In terms of employment within six months of graduation, 2020 graduates had the worst outcomes since we began tracking with the class of 2014.” https://i.ibb.co/yg8sfV2/traditional-employment.jpg According to an analysis of Bureau of Labor Statistics data from January 2020 to October 2020 by Pew Research Center, 2020 college graduates saw a bigger decrease in labor force participation than those who graduated during the Great Recession. Pew estimates that among all Americans ages 16 and older, the employment rate declined from 61% in October 2019 to 58% in October 2020. And according to an analysis of U.S. Census, Bureau of Labor Statistics and National Center for Education Statistics data for the years 1980 to 2019 by Georgetown University researchers, college costs have increased by 169% over the past four decades — while earnings for workers between the ages of 22 and 27 have increased by just 19%. To make matters worse, college graduates today also owe more in student debt. Adjusted for inflation, 2008 college graduates owed $24,012 in student loans, on average. In 2020, that total was closer to $36,665. Beyond a difficult labor market, the NACE report also mentions that graduate school attendance may be another reason the class of 2020′s employment rate dipped. Just over 21% of 2020 grads pursued continuing education after receiving their bachelor’s degree, an increase from 18.6% in 2019. The report also notes that for college graduates who did manage to secure full-time traditional employment, wages increased. “The average starting salary for the class of 2020 was $56,576 — 3.8% greater than in 2019. In addition, the median salary rose to $54,686 — 3.7% greater than in 2019,” reads the report. “A key driver for the increase in the average starting salary was the lack of lower-paying jobs that many new graduates typically secure as their first assignment following graduation. As was the case with the increases for the class of 2019, the salary increases for 2020 exceeded inflation. The real increase in starting salaries, controlling for inflation, was 2.5%.” “Many of the retail, hospitality and other service-focused jobs simply weren’t there, and these tend to be lower-paying,” explains VanDerziel. “As a result, most of the salaries that were reported were the higher-paying jobs, which skewed the average.” https://www.cnbc.com/2021/12/10/50percent-of-the-class-of-2020-got-full-time-jobs-6-months-after-graduation.html .... Around 2012, I remember reading about the economies of portugal and spain suffering from 50% youth unemployment statistics. (Youth unemployment is ages 19-24) My reaction to this news was... "the united states could someday suffer from the same troubles, and we would be very much unprepared for it". When I see economic doom and gloom in foreign lands and 3rd world countries, I always think similar trends will reach the shores of america eventually. Years later, america has finally arrived to having the same 50% youth unemployment statistics spain and portugal suffered 10 years ago. The worst part of a 50% youth unemployment rate isn't usually on the surface. Its what is not seen, reflected in an uptick of suicide rates for young adults. Rising rates of homelessness for youth. Coupled with greater incidence of substance abuse, crime and violence. It was said to have taken more than a decade for sailors to accept the explanation of scurvy being caused by lack of citrus fruits and vitamin C. It may naturally follow that it will take decades for people to adequately become informed on and respond to topics like high youth unemployment. The learning curve of people becoming informed and competent on topics, could be greatly reduced. People might be learning and responding at greatly accelerated rates in contrast to past precedents. While current events are not great, do we all feel tempted to acknowledge that people are smarter and better informed than we gave them credit for being? Perhaps we can feel better about circumstances even if they are not ideal. And have hope for the future, in that people today might be smarter and more knowledgeable than those in past eras. It may no longer take 10 years for people to accept scurvy being caused by fruit and vitamin C deficiency. Perhaps we can respond to and fix these types of issues much more quickly now. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: Gozie51 on December 13, 2021, 01:30:28 PM There is no doubt that unemployment is on the rise whether in Spain or US, the challenge is how to take care of it and the youth are the worst hit on this. It has affected many youth and yet it rate keeps rising because there are no better effort to provide proper and sufficient employment. In US, the rate is increasing from the past administration to the current.
Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: bitmover on December 13, 2021, 01:46:49 PM I think 6 months is a really short-period... But 50% unemployment after graduation is a terrible statistics. I am sure that this number is way higher in developing countries. The main point is: does the world really need all those bachelor graduated? There aren't jobs for all those people. Even in developed countries. Most important than looking for job is being able to create your company or become a self employed professional. My goal is to become full time self employed one day. There are tons of opportunities in cryptocurrency space. We just need to develop our skills and look where those skills are needed Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: Charles-Tim on December 13, 2021, 02:34:57 PM I think 6 months is a really short-period... But 50% unemployment after graduation is a terrible statistics. I am sure that this number is way higher in developing countries. I would have just preferred overall employment rate per each country. When Hydrogen posted this, it was in my mind that 'see how people in developed country are thinking'. In fact, it has gone worse than this in developing country. If just six months after graduation is used in my country, I believe over 80% (I guessed this) are not employed while many that have been employed are underemployed. It is even not about what you know here in my country, it is about connection.Most important than looking for job is being able to create your company or become a self employed professional. My goal is to become full time self employed one day. You are definitely right.Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: qwertyup23 on December 13, 2021, 03:07:38 PM Imagine, a hegemonic country such as the US is suffering from 50% youth unemployment rate- what more to developing and underdeveloped countries?
The rise of COVID definitely affected the employment opportunities of the youth considering that 2020 was the year that the pandemic started. A few months after its outburst, businesses and universities were not able to adapt and provide alternative methods quickly (compared now where everything is virtual). Not to mention, even if they adapted methods, its effectivity is not that ideal due to the difference between learning virtually vs physically. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: amishmanish on December 13, 2021, 03:30:08 PM How is this alarming. The data from 2014 has remained < 55%. This is around 50 at present. The data is not covering the number of people who are working as freelancers. In the times of sitting inside homes, on your screens for 3 months, a lot of people got a lot of ideas and inspiration to just pack up things and start doing something else.
People who hadn't sang, or drew or danced for years, suddenly found the time. One can only imagine what a young adult actually felt during this time. People aren't really so pessimistic or pragmatic at this stage. I think there is equal probability that a lot of these people found better things to do like working on their own projects. If you see Crypto-twitter there are a lot of those who are just dabbling into cryptos and NFTs and degen farms. I doubt that these are stable employment opportunities but they are there. This decrease would have been a lot more alarming if not for the unprecedented set of circumstances accompanying them. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: DaveF on December 13, 2021, 03:41:34 PM It's a big drop, but still going from a high of 55% to even 49% is not that big a deal with everything else going on in the world.
The other questions is how much of those higher numbers were real full time jobs, but with lower pay then should have been offered. And now, more and more people are not taking those jobs and would rather deliver food for Uber Eats while waiting to get paid what they should? How many of those full time jobs were not a 100% perfect fit for what they went to school for but they took it anyway, and now more people are waiting for the right job or at least one closer to what they want to school for. -Dave Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: Silberman on December 13, 2021, 04:03:09 PM There is no doubt that unemployment is on the rise whether in Spain or US, the challenge is how to take care of it and the youth are the worst hit on this. It has affected many youth and yet it rate keeps rising because there are no better effort to provide proper and sufficient employment. In US, the rate is increasing from the past administration to the current. And it is not really a mystery why this is the case as there are many reasons behind this, most people that due to their age should be retired by now need to keep working as they did not saved for their retirement, the money they have is not enough or in the case of many countries the government stole that money, so they miss on several opportunities that should have opened but do that not.Inflation is also causing many companies to delay hiring new employees as they have to reduce costs, and finally we know that AI is taking over many jobs that just a decade ago it would have seemed impossible to predict it could take, reducing the opportunities of the young even further. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: The Sceptical Chymist on December 13, 2021, 05:19:06 PM I keep hearing mixed stories in the media about employment, jobs, and so forth. On one hand they're saying that tons of people are choosing not to work for a variety of reasons, COVID being one of the big ones. On the other, we get stories like this, which I'm not sure how to interpret.
Something tells me that new college grads in the US are probably choosing not to enter the workforce rather than jobs being unavailable, because there are a lot of open positions all throughout the country, and employers are often desperate to find help. Those grads might not be finding jobs in areas related to their major, but they certainly could be employed if they wanted to. I also think a lot of young folks are opting to do things like content creation on Youtube or other online work. When it's seemingly so easy to become an internet celebrity on Youtube (and make decent money), why wouldn't a young person with some AV equipment give it a shot? I'm sure most college grads aren't doing that, but I'm sure there's a non-negligible percentage of them that are, and they're thus not showing up in statistics like those reported in the OP. So ultimately I think this is an article tailored to instill fear or some other sentiment in the minds of CNBC's readership. Isn't that what most media outlets aim for? Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: xSkylarx on December 13, 2021, 05:25:05 PM Imagine, a hegemonic country such as the US is suffering from 50% youth unemployment rate- what more developing and underdeveloped countries? The rise of COVID definitely affected the employment opportunities of the youth considering that 2020 was the year that the pandemic started. A few months after its outburst, businesses and universities were not able to adapt and provide alternative methods quickly (compared now where everything is virtual). Not to mention, even if they adapted methods, its effectivity is not that ideal due to the difference between learning virtually vs physically. Strongly agree to this. This is the year of pandemic and there are a lot of business closed and lot of employees got fired , the demand of job lowers so you cant really expect that there are a lot of hiring on that time, also the competitions is a lot since there are more job hunters than jobs. Also there are employers that the graduates on that time is not really fitted since they are not going to school physically and doing the actual test or trainings that needs to be done in school Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: Husires on December 13, 2021, 05:25:37 PM The difference in employment rates cannot be narrowed down to the year 2020-2021 and build analyzes on it with this exceptional year, which may include very extreme data.
Employment rates are always linked to some political calculations, which are affected by economic factors and health variables, and inflation may not be one of the decisive factors in them. Source: https://www.gwhatchet.com/2017/04/20/recent-graduation-employment-rate-jumps-seven-percent/ The above data are for previous years, which may seem logical, and the difference will be in the short term. Calculating the five-year data may make more sense. Employment data is not a big problem. After all, if inflation is not controlled, the problem will increase. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: el kaka22 on December 13, 2021, 10:01:52 PM It is not even about getting employed or not, it is about how horrible the working conditions became once again. In history it always became better and better, 2000 years ago the worker class was doing horrible, many were slaves that were used for work, and all the free ones got enough payment to have a shelter and eat bread and drink water, that’s literally it, nothing more at all.
This is why humanity went on strikes hundreds of times, even the slave rebellions were basically strikes. 100+ years ago was last huge one, sure it wasn't the last one but it was the last HUGE one. Right now, we are talking about conditions getting worse and even the newly employed ones do not get the life conditions they deserve, these are college graduates and they should be able to afford a rent and live decently, not greatly but at least decently, people in their 30's ended up buying houses just 30-40 years ago, nowadays you can't even easily pay a whole rent by yourself. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: adaseb on December 14, 2021, 02:35:25 AM As someone who went to University I don’t find this surprisingly at all. I think about 50% or so of all my friends and classmates are not even in the same profession.
Most degrees are useless and you won’t have a career out of it. You won’t get a job when you graduate from Arts or Sciences, maybe unless you want to teach. All the other degrees like law, engineering, etc are very competitive to get actually hired. There are more spots for students then there are jobs. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: Chrystora123 on December 14, 2021, 02:51:07 PM As someone who went to University I don’t find this surprisingly at all. I think about 50% or so of all my friends and classmates are not even in the same profession. Currently 1 job vacancy is up for grabs by 10 thousand job seekers, the competition is getting tougher every day. For this reason, graduates must be able to think even harder, if they don't get a job, they must be able to start their own business even though it requires a strong mentality and capital..Most degrees are useless and you won’t have a career out of it. You won’t get a job when you graduate from Arts or Sciences, maybe unless you want to teach. All the other degrees like law, engineering, etc are very competitive to get actually hired. There are more spots for students then there are jobs. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: 24Kt on December 14, 2021, 09:37:41 PM As someone who went to University I don’t find this surprisingly at all. I think about 50% or so of all my friends and classmates are not even in the same profession. Currently 1 job vacancy is up for grabs by 10 thousand job seekers, the competition is getting tougher every day. For this reason, graduates must be able to think even harder, if they don't get a job, they must be able to start their own business even though it requires a strong mentality and capital..Most degrees are useless and you won’t have a career out of it. You won’t get a job when you graduate from Arts or Sciences, maybe unless you want to teach. All the other degrees like law, engineering, etc are very competitive to get actually hired. There are more spots for students then there are jobs. Also, if they can't find a job that suits their completed education, they can always look for jobs that they know they have the skills of. Because if you will stick to the degree that you have, I don't think you can easily get a job as you have so many competitors. And yes, if you have small capital, why not start your own business? Every business starts from somewhere. So even if it is small, that's fine. In time, you will get your own niche if you are resilient about your project. And as we are still not out of the woods in pandemic crisis, we should find a way how to survive, and sustain our basic needs. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: Charles-Tim on December 15, 2021, 08:31:58 AM Currently 1 job vacancy is up for grabs by 10 thousand job seekers, the competition is getting tougher every day. For this reason, graduates must be able to think even harder, if they don't get a job, they must be able to start their own business even though it requires a strong mentality and capital.. I always like the idea of people that believe in self employment. We should also know that to be rich is from the inside of us, a way we can think that 2 can become 4 when it comes to money is the bases of wealth. But '1 job vacancy is up for grabs by 10 thousand job seekers depends from country to country. I will not doubt this is possible in some countries, but not possible in some countries for now. For more accuracy, you can just use the employment (https://en.m.wikipedia.org/wiki/List_of_countries_by_employment_rate) and unemployment (https://en.m.wikipedia.org/wiki/List_of_countries_by_unemployment_rate) rate per countries. There are few countries with low unemployment rate. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: goldkingcoiner on December 15, 2021, 09:02:36 AM Self employment and business entrepeneurship is the only way to go for me, even though I studied physics (for myself rather than to finally obtain the professors seat at some university later down the line, when Im 60 years old). Don't get me wrong, I am a scientist in my heart but almost nobody in their right mind would allow themselves to be financially abused the way post grads do. If they are lucky, they get a half time position which pays about 1000 Euro monthly. Its pathetic. And the same goes for almost all high-end academics. At some point nobody needs someone that specialised.
Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: BitcoinAccepted on December 15, 2021, 09:24:40 AM Self employment and business entrepeneurship is the only way to go for me, even though I studied physics (for myself rather than to finally obtain the professors seat at some university later down the line, when Im 60 years old). Don't get me wrong, I am a scientist in my heart but almost nobody in their right mind would allow themselves to be financially abused the way post grads do. If they are lucky, they get a half time position which pays about 1000 Euro monthly. Its pathetic. And the same goes for almost all high-end academics. At some point nobody needs someone that specialised. Well said. I really admire people that chose to be self-employed and indulge themselves with entrepreneurial careers, because they have brave enough to go down the path on their own and courageous to pursue what they want in life. In today’s time, entrepreneurial skills are among the many essential skills, and I think that this would really help those college graduates that finds it hard to secure a job position, especially during this time of pandemic. I also know some people that even though they are pursuing their chosen profession, they still chose to have side hustles of their own. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: paxmao on December 15, 2021, 10:05:34 AM It would also be interested to know how the people who did not attend college fared. There is a lot of questioning on the real value of college and university education as it is , AFAIK, a free market in the USA and therefore by mere economic theory it will tend to reach a point in which the investment in time, money , effort would tend to an equilibrium with the benefits of such education (nicer jobs, better pay, better lifetime value). Did people looking for job without any degree do any better?
Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: stompix on December 15, 2021, 10:19:17 AM This reminds me of the democrat's story about the major drop in gas prices (https://www.independent.co.uk/news/world/americas/us-politics/biden-gas-price-drop-democrats-b1969415.html)...
Let's recreate this graph but make it full. https://talkimg.com/images/2023/06/12/AKihz.png Both graphs use the same data, one is cropped one is not, the difference is that one was created to exaggerate some news and make some clickbait articles. I think 6 months is a really short-period... But 50% unemployment after graduation is a terrible statistics. I am sure that this number is way higher in developing countries. The main point is: does the world really need all those bachelor graduated? There aren't jobs for all those people. Even in developed countries. There are thousands of job openings here for graduated students, especially in some fields there are companies who would hire you immediately, in most western countries it's hard to find something that is currently not required in the economy and you don't have a single job offering for it. Also, this 50% is unemployment after graduation is again not showing the full picture - 21% of 2020 grads pursued continuing education after receiving their bachelor’s degree - stats are for 6 months since the graduation, so poeple might get a job starting the7-8 month - it doesn't include freelancers or poeple running their own business - it only counts full-time employment - the data is a survey covering only 580k students, there is a total of 2.08 million each year. Currently 1 job vacancy is up for grabs by 10 thousand job seekers, the competition is getting tougher every day. There are currently 11m job openings in the US, at your rates you would need 110 billion people seeking jobs...in the US alone ;D Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: boyptc on December 15, 2021, 11:00:08 AM I remember there's a sort of quote for the newly graduates, "Welcome to the world of unemployment".
It's really a kind of thing to deal with after graduation. These new graduates have to experience the hardship of being employed if they're pursuant and won't give up early after knowing the reality of life. It also depends on the situation of the country but most likely each country that does have the same situation of having a limited opportunity. Self employment and business entrepeneurship is the only way to go for me I agree on this, everyone isn't bound for employment, and the same as being an entrepreneur. But making an opportunity for yourself is going to be a key to at least reducing the percentage of new graduates being unemployed. There's also the gig economy which is also going to be helpful for them.Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: xSkylarx on December 15, 2021, 12:08:09 PM It would also be interested to know how the people who did not attend college fared. There is a lot of questioning on the real value of college and university education as it is , AFAIK, a free market in the USA and therefore by mere economic theory it will tend to reach a point in which the investment in time, money , effort would tend to an equilibrium with the benefits of such education (nicer jobs, better pay, better lifetime value). Did people looking for job without any degree do any better? When the pandemic hits, I noticed that a lot of people are applying online (usually VA and developers, these people learn their skills online, most of the programmers I know don't have degrees, but when compared to those who graduated, they are more skilled). I don't have a degree, but I'm not saying I'm not competent; however, when compared to them, I have a slight advantage. When a pandemic strikes, people become bored, so they learn new skills and apply for jobs after a year. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: istiak2277 on December 15, 2021, 12:18:13 PM I think 6 months is a really short-period... But 50% unemployment after graduation is a terrible statistics. I am sure that this number is way higher in developing countries. In the long term, it's 66% in my country and the covid situation makes matters worse. The number is rising and govt doesn't have any plan to solve these issues. The main point is: does the world really need all those bachelor graduated? There aren't jobs for all those people. Even in developed countries. Most of the graduates from these developing country jobless because their education is based on theoretical lessons not practical. But in working sectors company wants someone who has done the work before and has good skills. These postgraduate doesn't have any of them. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: Sithara007 on December 15, 2021, 01:17:22 PM Why blame the job market? Nowadays a lot of students opt for useless subjects such as gender studies, behavioral medicine, psychosociology and Islamic history, which doesn't have much relevance in the job market. And it is not surprising that once they graduate, these students struggle to find suitable jobs. In fields such as engineering and medicine, there is still a shortage of qualified freshers. In many of the developed nations, the governments are forced to allow immigration from other countries, to fill this gap.
Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: oHnK on December 15, 2021, 01:27:30 PM I don't think that this only happens in Spain, US and others. However, almost all major countries experience the same thing because the number of people who are ready to work and the availability of job vacancies is not balanced. This crisis occurs because the current production process is not significant in absorbing workers and companies replace labor with cheaper technology. It is natural for such conditions to occur. The solution is how the economic system can run by paying attention to labor absorption through labor-intensive programs.
Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: dezoel on December 15, 2021, 10:05:43 PM Why blame the job market? Nowadays a lot of students opt for useless subjects such as gender studies, behavioral medicine, psychosociology and Islamic history, which doesn't have much relevance in the job market. And it is not surprising that once they graduate, these students struggle to find suitable jobs. In fields such as engineering and medicine, there is still a shortage of qualified freshers. In many of the developed nations, the governments are forced to allow immigration from other countries, to fill this gap. There are two things wrong with your statement, and it is victim shaming at the very best that has been talked about the right wing for over a decade that has been shot down a million times already but they do not like to do research so it is normal that you do not know the answers of your "questioning". First of all, if there is a college major in the name of gender studies or psychology or whatever else that on your high ground you deem "not worthy of becoming a major", then why is it available?If it is available to pick and people do pick it, then they become unemployed, is it their fault? Then if it doesn't provide any job at all and we do not "need" these majors then remove them from college? Even in your case where you somehow play the god and decide some majors are worthless based on your vast experience and super smart mind, that is a problem by colleges and not students for starting a major with high unemployment rate that the nation doesn't need more of. Secondly just to get hired, do we have to become engineers? Or doctors? Or lawyers? Or software developers? Are we fine with the fact that we should not have any painters anymore? Or just engineers who like to do painting as a hobby to become the next picasso? It is just BS spread by media that some people "should become unemployed because their majors are unworthy". EVERYONE should be employed, that is a good nation, if you are trying to focus on finding a reason for people to be unemployed then you are part of the problem, not the solution. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: Silberman on December 16, 2021, 04:26:09 PM As someone who went to University I don’t find this surprisingly at all. I think about 50% or so of all my friends and classmates are not even in the same profession. Currently 1 job vacancy is up for grabs by 10 thousand job seekers, the competition is getting tougher every day. For this reason, graduates must be able to think even harder, if they don't get a job, they must be able to start their own business even though it requires a strong mentality and capital..Most degrees are useless and you won’t have a career out of it. You won’t get a job when you graduate from Arts or Sciences, maybe unless you want to teach. All the other degrees like law, engineering, etc are very competitive to get actually hired. There are more spots for students then there are jobs. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: fiulpro on December 16, 2021, 04:30:47 PM I do think that now a days we don't really have to focus just on that but we also have to focus on the rights and health of the workers, the workers are actually leaving their jobs because they are not paid well and at the same time this overworking is causing them immense stress. People are leaving their jobs !! Especially during the pandemic, makes us think how they were treated for real. I do think that it's really important that the companies do realize that people need respect and plans, better services and payments.
I went in so many interviews and for 40 hours a week they were providing only 330$ which I indeed have to do if the things don't turn out well, that's the payment scale for full time jobs in third world companies. It's really terrible out there. Degrees are essentially not useless if you worked hard on yours, which takes ages and a lot of money as well, people have to apply for a student loan and then they have to pay back the loans through jobs, they earn nothing in between!! That's all a big dark web. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: naira on December 16, 2021, 06:00:03 PM Even in the country where I live, college graduates in 2020 are worse than those listed in the table. It was felt by myself, plus the pandemic that started at that time made it more difficult for us to find sources of income after leaving college. Working as a civil servant was made even more difficult and the reduced quota of workers made us feel almost hopeless.
Unless we jump in and look for work on the internet, therefore the role of the internet is very useful and we find a sector of work that suits our talents and interests. At this time, outstanding skills need to be continuously developed, and must be able to create innovative ideas such as in the development of the digital world. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: Gyfts on December 16, 2021, 09:40:52 PM How do you solve the "college degree bubble" that's forming?
Force colleges to cosign for any loans for students in their institution. When loans are handed out like candy to essentially children (I don't consider most teenagers to be capable of thinking with an adult mind set), the consequence is student loan debt in perpetuity for the misfortunate of overpaying for a degree the market deems to be worthless. I understand Covid skews the statistic much more than in previous years, but Covid only accelerates the bubble growth. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: Fortify on December 16, 2021, 09:49:53 PM Quote The college class of 2020 entered one of the most hostile labor markets in recent history. During the first year of the Covid pandemic, employment decreased across the country. By many measures, college graduates fared best during this period, but as time passes, research is capturing just how difficult conditions are for young workers. The National Association of Colleges and Employers (NACE) recently analyzed the outcomes for 563,000 bachelor’s graduates across 337 colleges and universities and found that only 50.2% of the class of 2020 had full-time jobs with a traditional employer (meaning they are not working as a freelancer or entrepreneur) within six months of graduation. In comparison, 55.3% of the class of 2019 graduates were employed within the same time frame. Students who attended colleges with fewer than 2,000 students tended to do better after graduation. Closer to 62% of these students had full-time positions after six months. Around 2012, I remember reading about the economies of portugal and spain suffering from 50% youth unemployment statistics. (Youth unemployment is ages 19-24) My reaction to this news was... "the united states could someday suffer from the same troubles, and we would be very much unprepared for it". When I see economic doom and gloom in foreign lands and 3rd world countries, I always think similar trends will reach the shores of america eventually. Years later, america has finally arrived to having the same 50% youth unemployment statistics spain and portugal suffered 10 years ago. The worst part of a 50% youth unemployment rate isn't usually on the surface. Its what is not seen, reflected in an uptick of suicide rates for young adults. Rising rates of homelessness for youth. Coupled with greater incidence of substance abuse, crime and violence. It was said to have taken more than a decade for sailors to accept the explanation of scurvy being caused by lack of citrus fruits and vitamin C. It may naturally follow that it will take decades for people to adequately become informed on and respond to topics like high youth unemployment. The learning curve of people becoming informed and competent on topics, could be greatly reduced. People might be learning and responding at greatly accelerated rates in contrast to past precedents. While current events are not great, do we all feel tempted to acknowledge that people are smarter and better informed than we gave them credit for being? Perhaps we can feel better about circumstances even if they are not ideal. And have hope for the future, in that people today might be smarter and more knowledgeable than those in past eras. It may no longer take 10 years for people to accept scurvy being caused by fruit and vitamin C deficiency. Perhaps we can respond to and fix these types of issues much more quickly now Unfortunately it is a highly repetitive story, you'd see a similar pattern if you overlayed the years up to and including the 2008 financial crisis. The people at the bottom end of the job scale (people just coming into the workforce) will often face the hardest struggles during the dip of a recession with employers much less likely to take on new staff when the current workers are in unprecedented lockdowns. That combined with the Covid effect on hospitality in general, which is a very common starting pool for part time jobs and utilizes workers from the youngster age groups a lot. We'll see a slow recovery as people start travelling and socializing more, but it'll be a bumpy road. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: Rehan Zakir on December 18, 2021, 12:30:48 PM There are many issue of unemployment of graduates. So, Bitcoin currency is a currency that provide opportunity for graduates student to make money. Just by learning some basic knowledge and investment. After that you can earn a passive income at home. So, it's a best opportunity for students that have no job and no source of income..
Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: geegaw on December 18, 2021, 04:41:57 PM There are many issue of unemployment of graduates. So, Bitcoin currency is a currency that provide opportunity for graduates student to make money. Just by learning some basic knowledge and investment. After that you can earn a passive income at home. So, it's a best opportunity for students that have no job and no source of income.. University students who have graduated but have not had a job recently are just temporary staff cuts due to Covid, try a little more time there will be no unemployment for recent college graduates because the government is coordinating very strongly the business and economic path, it is very closely repaired so as not to go into a severe recession, recruited human resources will soon be abundant. Don't steer through bitcoin, a few years of college with a high degree of expertise is still rejected by the corporate market a few times, just a few basics of bitcoin investment and requires a passive income, I'm afraid it's too soon ambitionTitle: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: Cling18 on December 18, 2021, 05:06:22 PM As someone who went to University I don’t find this surprisingly at all. I think about 50% or so of all my friends and classmates are not even in the same profession. Most degrees are useless and you won’t have a career out of it. You won’t get a job when you graduate from Arts or Sciences, maybe unless you want to teach. All the other degrees like law, engineering, etc are very competitive to get actually hired. There are more spots for students than there are jobs. Some students didn't graduate yet become successful in life. As for me, it isn't all about the profession but skills. There are lots of high-paying jobs these days that don't require any professional attainment. Yes, having a degree is an advantage but since we're in the modern-day generation, we could easily acquire skills easily online and through other resources that could provide us a good job in the end. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: batang_bitcoin on December 18, 2021, 05:12:36 PM There are many issue of unemployment of graduates. So, Bitcoin currency is a currency that provide opportunity for graduates student to make money. Just by learning some basic knowledge and investment. After that you can earn a passive income at home. So, it's a best opportunity for students that have no job and no source of income.. That's a very far statement for the comparison of having an opportunity for unemployed and investment. It sounds easy to say that these unemployed can get into bitcoin and earn passively. But if you're going to understand what you're saying, if trading is what you meant.Not everybody is bound to be a trader, there could be few that may become successful on it but saying that someone can earn passively on it, that's really not an easy thing to prove to them on this very volatile market. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: DrBeer on December 18, 2021, 07:31:37 PM As I understand it, this is surprising for the author 7 Then I will add a few more "surprising facts":
1. Education given in college is not a guarantee that it is really needed and of high quality 2. It is not a fact that a person who graduated from college is a carrier or useful knowledge in demand. 3. Not the fact that your knowledge is needed here and now. Perhaps not here, and perhaps not now. In the meantime, get busy ... with a new education. 4. Flexibility of self-education, with developed thinking and the presence of a basis - can give a much better result! Yes, not in 5 years, but in 3-5 months, a person can study and get a demanded specialty 5.... Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: bitgolden on December 18, 2021, 07:47:00 PM Unfortunately it is a highly repetitive story, you'd see a similar pattern if you overlayed the years up to and including the 2008 financial crisis. The people at the bottom end of the job scale (people just coming into the workforce) will often face the hardest struggles during the dip of a recession with employers much less likely to take on new staff when the current workers are in unprecedented lockdowns. That combined with the Covid effect on hospitality in general, which is a very common starting pool for part time jobs and utilizes workers from the youngster age groups a lot. We'll see a slow recovery as people start travelling and socializing more, but it'll be a bumpy road. The even worse situation is that people at the bottom are the ones that end up with getting fired and the ones who stayed are given the work load of the previous people as well. So instead of 10k warehouse workers, you have 7k of them and give those 7k people the workload of 10k and not like they can leave neither because they would fail to find another job. So, we have people who are unemployed AND people who are employed but worked tirelessly as well.This will never lead to anything decent in the long run, which is why I doubt that it would be doing anyone any good but that is how the economy works, CEO's and shareholders and board of directors will not take a pay cut, they will just lay that off to bottom workers. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: herurist on December 18, 2021, 08:09:26 PM a factor that is indeed proof that education does not always make work, but people always believe that with education we can work and serve as a reference that going to a higher level of schooling can make work easier.
and this is proof that such a thing is not entirely true. on the other hand, there may be several factors that do affect it, such as the current pandemic, which could be one of the reasons why this can happen. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: Rufsilf on December 19, 2021, 09:09:39 AM There is no doubt that unemployment is on the rise whether in Spain or US, the challenge is how to take care of it and the youth are the worst hit on this. It has affected many youth and yet it rate keeps rising because there are no better effort to provide proper and sufficient employment. In US, the rate is increasing from the past administration to the current. Well I think unemployment problems doesn't just occur in Spain or USA alone. It occurs in all parts of the world because of insufficient job slots that's why people tend to leave their own country after graduating to find a decent job that suits their abilities or their degree in other countries or because it pays a lot better than where they came from.Also there are some cases that these young adults nowadays who have just graduated in college doesn't seek any jobs at all because it's not their passion or degree they like. Especially in Asian countries because parents tend to decide what courses to take even if it doesn't suit to what they want to take up. So the results is only 50% or less than that have a full-time jobs after they graduate. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: timerland on December 19, 2021, 09:54:15 AM That graph is quite misleading given the skewed scales in my opinion.
I think that it is definitely a real effect in the sense that they were not able to find jobs immediately following the pandemic, but just a few months after the pandemic the job market has become incredibly hot again. If you are a talented coder etc. you will have absolutely 0 issue with finding employment in the current climate. In fact recruiters will beg for you. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: aysg76 on December 19, 2021, 11:43:35 AM I would have just preferred overall employment rate per each country. When Hydrogen posted this, it was in my mind that 'see how people in developed country are thinking'. In fact, it has gone worse than this in developing country. If just six months after graduation is used in my country, I believe over 80% (I guessed this) are not employed while many that have been employed are underemployed. It is even not about what you know here in my country, it is about connection. https://i.ibb.co/wMtf2pZ/images-6.png (https://ibb.co/kQZtPqV) The more important part is the rate have increased over time and we didn't see it easily but if we come at root level we can easily see that huge proportion of youth is still not able to get the job and we can see how the rates have varied over time at global levels: https://i.ibb.co/R6k2cm6/Unemployment-rate-by-gender-total-country-Source-Elaboration-based-on-National-ppm.png (https://ibb.co/DMH4QyM) The @OP has mentioned that after 6 months of completing the graduation they are not finding any job still but in many developing and underdeveloped countries this is common as they still struggle a lot to have job matching their qualifications or salary for many months or even years.The top companies come to college and pick up the cream and moreover the rate is not 100% and say 10 out of 18 will find the job so rest 8 will have to look for it themselves only and 6 months is not a long period. The second major factor is the course you have choosen like the demand for IT sector has boomed and other courses have been in demand less over these years so the difficulty increase/decrease to find job depending on the course you have in your post graduation.The pandemic has hit the sector hard all over the world and we can't say the companies would be hiring in bulk at this moment also but slowly they will hire but remember only some will get the chance as these unemployment rates are not going to improve easily. Most important than looking for job is being able to create your company or become a self employed professional. My goal is to become full time self employed one day. The best is to learn some practical skills that could help you to be self sustainable and don't completely rely on jobs and search for them.You have to compromise sometimes to have cash with you to support your financial needs.But to have startup you need skills and investment which is not in everyone's hand but yes they could learn some skills to start their own business so they could earn good from it.Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: kryptqnick on December 19, 2021, 12:37:35 PM It is all truly a big difference? A drop from 55% to 50% is not nothing, but data like this would make sense it comparison with, say, the employment rate of those without college degrees who are of the same age as college graduates (not merely the overall employment rate for everyone aged 16+). Also, this is only accounting for traditional employment, but many might indeed choose freelance, careers as social media influencers or start their own businesses after college, and without this data it's also hard to assess the data that the article presents. As for the tuition and student debt rising, those are very valid concerns. I still don't understand why education in the US is so expensive when it's way more affordable in many Western countries.
Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: DrBeer on December 19, 2021, 07:17:23 PM Unfortunately it is a highly repetitive story, you'd see a similar pattern if you overlayed the years up to and including the 2008 financial crisis. The people at the bottom end of the job scale (people just coming into the workforce) will often face the hardest struggles during the dip of a recession with employers much less likely to take on new staff when the current workers are in unprecedented lockdowns. That combined with the Covid effect on hospitality in general, which is a very common starting pool for part time jobs and utilizes workers from the youngster age groups a lot. We'll see a slow recovery as people start travelling and socializing more, but it'll be a bumpy road. The even worse situation is that people at the bottom are the ones that end up with getting fired and the ones who stayed are given the work load of the previous people as well. So instead of 10k warehouse workers, you have 7k of them and give those 7k people the workload of 10k and not like they can leave neither because they would fail to find another job. So, we have people who are unemployed AND people who are employed but worked tirelessly as well.This will never lead to anything decent in the long run, which is why I doubt that it would be doing anyone any good but that is how the economy works, CEO's and shareholders and board of directors will not take a pay cut, they will just lay that off to bottom workers. Can i ask you ? And why do they agree to do more work for the same pay, and moreover to do more for others? Who allows an employer to fulfill the role of a slave owner? Who's stopping you from disagreeing? Well, it is clear "we have unemployment, everything is bad, otherwise they will be fired." If you yourself justify such behavior, and even more then give an explanation, then to whom do you have claims? Well, this is the situation, yes - the employer can set conditions, yes - you do not want to give up the job offered by such an employer. If you do not like the employer of exit 2 - either change the employer or create a job for yourself. And, there is also the third option - to retrain for another, in-demand specialty. If you constantly suffer and continue to fulfill the will of the employer - this is how your whole life will pass, and it will be fine, since in fact everything suits you, you do not seek to change something and explain why it is "invariable". I have a lot of immigrants in my country. There is a family, I met them, from Sri Lanka. They migrated to Ukraine (yes, not to Germany or France), and after half a year they opened their own business - they have 2 fruit / vegetable stalls. Husband, wife and eldest son are working. They work efficiently, I often buy products from them, and I know that they already have many regular customers. They were able to ... No one helped them, the problems were like everyone else's. They just wanted and CHANGED the situation! Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: RealMalatesta on December 19, 2021, 09:02:29 PM That graph is quite misleading given the skewed scales in my opinion. Maybe in USA things worked differently and you guys found a way to get people employed, but where I live pandemic dropped the employment rate a lot and it hasn't recovered since. I have to say that things are still out of control and unemployment is at sky high rates here. Plus we are talking about reaching as high as 16% in USA as well at one point, sure it is looking like 4% right now, but most of those are at low level jobs unfortunately, look at the job application places and you will see that "senior" works are at all time low right now and juniors are nearly non-existent.I think that it is definitely a real effect in the sense that they were not able to find jobs immediately following the pandemic, but just a few months after the pandemic the job market has become incredibly hot again. If you are a talented coder etc. you will have absolutely 0 issue with finding employment in the current climate. In fact recruiters will beg for you. It means that people who graduated from college end up working at amazon warehouses or something, people who used to have their small shops ended up working at wallmart, people who had a great career before pandemic had to accept much lower offers. All of these are still horrible even if unemployment seems "ok" for time being. All those 16%+ unemployed people did not went back to better jobs, they went to much worse jobs. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: Silberman on December 20, 2021, 04:24:08 PM I do think that now a days we don't really have to focus just on that but we also have to focus on the rights and health of the workers, the workers are actually leaving their jobs because they are not paid well and at the same time this overworking is causing them immense stress. People are leaving their jobs !! Especially during the pandemic, makes us think how they were treated for real. I do think that it's really important that the companies do realize that people need respect and plans, better services and payments. Without a doubt the high cost of education is a huge problem, however people are at fault too, people indebt themselves many times over to get a degree that does not really have a clear career path and then they complain about it, when the truth is that if you cannot pay for college then it is better to stay away from it, and if you are going then you better get a degree which is useful otherwise do not go, it is true that learning institutions are taking advantage of the people but the people make almost no effort to avoid their fate either.I went in so many interviews and for 40 hours a week they were providing only 330$ which I indeed have to do if the things don't turn out well, that's the payment scale for full time jobs in third world companies. It's really terrible out there. Degrees are essentially not useless if you worked hard on yours, which takes ages and a lot of money as well, people have to apply for a student loan and then they have to pay back the loans through jobs, they earn nothing in between!! That's all a big dark web. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: im posible on December 20, 2021, 10:17:49 PM I am one of them, I graduated in 2021 and so far have not found a job. I thought that before Covid everything was easier and smoother, but after Covid everything became bleak, especially the economic sector. If I want to open my own business I don't have the capital, while I'm getting older and it will be more difficult to get a job.
Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: stomachgrowls on December 20, 2021, 10:30:24 PM I do think that now a days we don't really have to focus just on that but we also have to focus on the rights and health of the workers, the workers are actually leaving their jobs because they are not paid well and at the same time this overworking is causing them immense stress. People are leaving their jobs !! Especially during the pandemic, makes us think how they were treated for real. I do think that it's really important that the companies do realize that people need respect and plans, better services and payments. Without a doubt the high cost of education is a huge problem, however this also the fault of people, people indebt themselves many times over to get a degree that does not really have a clear career path and then they complain about it, when the truth is that if you cannot pay for college then it is better to stay away from it, and if you are going then you better get a degree which is useful otherwise do not go, it is true that learning institutions are taking advantage of the people but the people make almost no effort to avoid their fate either.I went in so many interviews and for 40 hours a week they were providing only 330$ which I indeed have to do if the things don't turn out well, that's the payment scale for full time jobs in third world companies. It's really terrible out there. Degrees are essentially not useless if you worked hard on yours, which takes ages and a lot of money as well, people have to apply for a student loan and then they have to pay back the loans through jobs, they earn nothing in between!! That's all a big dark web. It all matters on how you do find ways on enhancing your way of living via other means as long it would be legal then we had seen lots of similar situations. Lets just accept our fate and it is really mixed with some sort of luck when dealing up something. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: xSkylarx on December 21, 2021, 01:16:59 AM I am one of them, I graduated in 2021 and so far have not found a job. I thought that before Covid everything was easier and smoother, but after Covid everything became bleak, especially the economic sector. If I want to open my own business I don't have the capital, while I'm getting older and it will be more difficult to get a job. Imagine before the pandemic came, it was still hard to find a decent job. How much more now? Almost all of the business sectors are removing employees to cope with their losses. I also lost my job when the pademic came, but I am lucky enough and thankful that after a few months, I got a job. Now, regardless of what you have studied in applying for a job, if you are truly in need of money, I believe you should choose a job that will hire you no matter you dont like it because it is extremely difficult to follow your career path at the moment. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: Findingnemo on December 21, 2021, 04:12:44 AM Degree is losing its value even before the covid started because companies started to recruit people based on the skills not based on what degree they have so many people complete and get graduated without actual knowledge left stranded in the competitive world.
Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: pinggoki on December 21, 2021, 04:58:21 AM Problem is that there's a lot of people already and the demand for services aren't meeting the current population so with low demand, we will see less businesses offering the same thing and in turn less workers needed and with more looking for a job which leads to no vacancy. I think that the best thing to do right now as a college graduate is for us to learn niche subjects because most industries popping up have a really niche qualifications, we will only see an increase in jobless graduates in the near future.
Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: davis196 on December 21, 2021, 07:13:17 AM I live in a not-so-well developed country and there's a actually shortage for workers in my country.
The companies are desperate to find qualified people,so they are raising the salaries and offering all kinds of additional benefits. However,there's a demographic crisis in my country and the young people are a decreasing minority.Many young people prefer to go to the western countries,rather than stay and work in their homeland. There must be something wrong with the US labor market,just like the southern European labor markets in Spain,Greece and Italy.Those countries were also facing high unemployment rates among the youngsters. Maybe the companies aren't incentivized to hire young people,or the education system isn't preparing the youngsters well enough. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: Sithara007 on December 21, 2021, 05:12:35 PM Problem is that there's a lot of people already and the demand for services aren't meeting the current population so with low demand, we will see less businesses offering the same thing and in turn less workers needed and with more looking for a job which leads to no vacancy. I think that the best thing to do right now as a college graduate is for us to learn niche subjects because most industries popping up have a really niche qualifications, we will only see an increase in jobless graduates in the near future. Learning niche subjects can go both directions. It is a high-risk option. By the time someone graduates out with such a degree, there is no guarantee that the job demand will be the same. There are professions such as therapeutic Riding Instructor, Body Paint Artist, Ocularist, Hippotherapist.etc, which can be described as "niche". The only issue is that no one knows how the job market will respond to these jobs after 2-3 years. So there is a huge amount of uncertainty and those who want to pursue these degrees should be aware of that. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: el kaka22 on December 22, 2021, 03:34:45 PM I live in a not-so-well developed country and there's a actually shortage for workers in my country. It is mainly about how the older generation already made their profit and they already bought all they need and they do not require a HUGE sum of money, whereas younger generation requires something close to those veterans to be able to survive, if you pay a 20+ year in business veteran person 5k per month, and the 25 year old asks 3k, then you pay that extra 2k easily without a question, but if the newbie asks for 1k per month then how could they even survive? This is the dilemma, right now people are not unemployed all that much but mainly underemployed mainly.The companies are desperate to find qualified people,so they are raising the salaries and offering all kinds of additional benefits. However,there's a demographic crisis in my country and the young people are a decreasing minority.Many young people prefer to go to the western countries,rather than stay and work in their homeland. There must be something wrong with the US labor market,just like the southern European labor markets in Spain,Greece and Italy.Those countries were also facing high unemployment rates among the youngsters. Maybe the companies aren't incentivized to hire young people,or the education system isn't preparing the youngsters well enough. Veterans get paid a lot less than what they deserve, and newbies are either interns with nearly no pay or no pay, or they are over-utilized and expected to be working as well as a veteran. These are all great troubles even if 100% employment rate is ever reached, we can't have people happy when they are employed at a terrible job with little pay. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: justdimin on December 22, 2021, 08:56:34 PM It would also be interested to know how the people who did not attend college fared. There is a lot of questioning on the real value of college and university education as it is , AFAIK, a free market in the USA and therefore by mere economic theory it will tend to reach a point in which the investment in time, money , effort would tend to an equilibrium with the benefits of such education (nicer jobs, better pay, better lifetime value). Did people looking for job without any degree do any better? Most of the time there is a "make or break" situation when you do not finish college. You either start a business and become either rich or bankrupt or maybe have both of them available because you could both get super rich and bankrupt later or bankrupt many times and get rich later on. Or you could become blue collar, become a mechanic, become a wood worker, become a factory worker if you want to, basically do jobs that are not just 9-5 office jobs and you could be doing fine over time as well.So, when you are 20 years old and not finished college then you are not going to be rich most of the time, you are going to be starting out a career on something and only the future will tell you what could happen. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: Coyster on December 23, 2021, 07:17:02 AM Degree is losing its value even before the covid started because companies started to recruit people based on the skills not based on what degree they have so many people complete and get graduated without actual knowledge left stranded in the competitive world. I second that, many organizations/companies really do not care what class of degree you graduated with, after all these days quite a lot of people pay their way through school, without attending classes or garnering any knowledge, but at the end they are awarded a degree, thus I don't really blame companies when they seek for just raw talent/skill, they are looking for what you can offer the organization and not what you graduated with from school.Having said that, the need to have a skill cannot be overemphasized in our contemporary society, that's the main reason why most tertiary institutions dedicate a particular compulsory course for students on entrepreneurship/skills acquisition, I think it's very important, and for schools that are yet to adopt that, then their students are really missing a lot. With the rising rate of unemployment, one really has to teach/educate oneself in a particular field/skill/area of knowledge. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: Jawhead999 on December 23, 2021, 08:09:48 AM There are many issue of unemployment of graduates. So, Bitcoin currency is a currency that provide opportunity for graduates student to make money. Just by learning some basic knowledge and investment. After that you can earn a passive income at home. So, it's a best opportunity for students that have no job and no source of income.. You're talking nonsense here.1. Not all graudates student have a lot capital to start investment. 2. Investment in Bitcoin doesn't give you good return in short times and not everyday you'll earn profit to cover your daily spend. 3. Not all graudates student live in countries which allow you to hold and trade Bitcoin, using Bitcoin in banned countries will have in troubles. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: Lubang Bawah on December 23, 2021, 08:29:31 AM The world is experiencing an economic recession, especially after the pandemic that has caused many types of businesses to go bankrupt, this is the importance of studying business and economics, so that when you finish college you can do productive activities as long as you don't get a job, and I'm always optimistic that the future can it's better to keep trying and not be afraid to fail.
Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: mu_enrico on December 23, 2021, 01:43:13 PM Okay, 50% have full-time jobs, but how many of them work at jobs that they actually want? I believe the percentage will way smaller since many of them took any jobs just to survive. You know, even I who have higher education don't think that it's worth it. If I can go back in time, I'd rather became only highschool graduate and then become an apprentice of a sushi master, a carpenter, etc., who have the real-world skill to survive in almost every situation. College is a scam, just to make our mind busy while losing our capital to pay tuition. There's not enough and won't ever be enough jobs for college graduates.
Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: stompix on December 23, 2021, 02:43:04 PM Why blame the job market? Nowadays a lot of students opt for useless subjects such as gender studies, behavioral medicine, psychosociology and Islamic history, which doesn't have much relevance in the job market. And it is not surprising that once they graduate, these students struggle to find suitable jobs. In fields such as engineering and medicine, there is still a shortage of qualified freshers. In many of the developed nations, the governments are forced to allow immigration from other countries, to fill this gap. There are two things wrong with your statement, and it is victim shaming at the very best that has been talked about the right wing for over a decade that has been shot down a million times already but they do not like to do research so it is normal that you do not know the answers of your "questioning". First of all, if there is a college major in the name of gender studies or psychology or whatever else that on your high ground you deem "not worthy of becoming a major", then why is it available?If it is available to pick and people do pick it, then they become unemployed, is it their fault? Then if it doesn't provide any job at all and we do not "need" these majors then remove them from college? Even in your case where you somehow play the god and decide some majors are worthless based on your vast experience and super smart mind, that is a problem by colleges and not students for starting a major with high unemployment rate that the nation doesn't need more of. "Victim" ? A victim of his own choices maybe. So If I need a car with four sits to carry my family around and I come back with a bike it's the fault of the bike shop? If I need to check my eyesight and the only investigations I do is for my sperm count is the sperm bank at fault for me not seeing a stop sign and hitting a truck? If I want to invest and I buy dogecoin instead of bitcoin it's the fault of coin base if I won't get the same return? Why do you think every graduate deserves the right to have a job that matches his education right off the bat? Such a system existed in the past in most countries, you know for sure the outcome, every guy that managed to pass a few exams would work a job he in most cases wasn't fit for. Oh, and yeah, the evil right wing! Seems like you're desperately seeing for someone to give jobs to everyone no matter how much that would hurt the economy, somebody must take care of you and do everything for you. It's not about victim shaming it's about manning up and facing the consequences of your own decision! Nobody forced you to go to that college or attend that specific study (unless your parents did so) and the rest of the workforce should not have to carry the burden of sustaining a failing sector of the economy just because some poeple think it's worth it and needs those jobs. Oh, and btw, I've worked exactly 3 years out of more than twenty in a field that matches my master's degree. I live in a not-so-well developed country and there's a actually shortage for workers in my country. The companies are desperate to find qualified people,so they are raising the salaries and offering all kinds of additional benefits. ~ There must be something wrong with the US labor market,just like the southern European labor markets in Spain,Greece and Italy.Those countries were also facing high unemployment rates among the youngsters. The only thing wrong with the US labor market is that there are 11 million job openings (https://www.reuters.com/business/us-job-openings-jump-11-million-october-2021-12-08/) and nobody wants them. Quote There were about 1.5 job openings per unemployed worker in October. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: Silberman on December 23, 2021, 03:50:09 PM Degree is losing its value even before the covid started because companies started to recruit people based on the skills not based on what degree they have so many people complete and get graduated without actual knowledge left stranded in the competitive world. And this is what happens when the education you receive is worth nothing, decades ago when the school system still cared about preparing people for the future a degree was worth something, however students and the education complex came to the conclusion the value was on the degree itself and not on the education that you supposedly received, so people began to chase all kind of useless degrees to the point the market is inundated with them and now many companies are ignoring degrees and instead hire people based on skill alone, which in many cases that is the only thing the companies care about.Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: Findingnemo on December 23, 2021, 04:01:04 PM Degree is losing its value even before the covid started because companies started to recruit people based on the skills not based on what degree they have so many people complete and get graduated without actual knowledge left stranded in the competitive world. And this is what happens when the education you receive is worth nothing, decades ago when the school system still cared about preparing people for the future a degree was worth something, however students and the education complex came to the conclusion the value was on the degree itself and not on the education that you supposedly received, so people began to chase all kind of useless degrees to the point the market is inundated with them and now many companies are ignoring degrees and instead hire people based on skill alone, which in many cases that is the only thing the companies care about.Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: oHnK on December 23, 2021, 04:50:46 PM Probably until 2000 there is high demand for the degree graduates but after that everyone started to think that they eill become rich if they got a degree which resulted in atleast 100 times more than actual demand so only few people are actually working in the field where they got degree after than entrepreneurship became famous now everyone wants to become an entrepreneur, don't know where it will lead us to. :o The current crisis is youth with entrepreneurial spirit. If you have that soul, you won't expect any more job vacancies from the company. In fact, the souls of young people who have been instilled in the spirit of becoming entrepreneurs, the government must support them in their products. at least this is our effort to share and watch together in society as a form of motivation. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: stomachgrowls on December 23, 2021, 11:38:07 PM Degree is losing its value even before the covid started because companies started to recruit people based on the skills not based on what degree they have so many people complete and get graduated without actual knowledge left stranded in the competitive world. And this is what happens when the education you receive is worth nothing, decades ago when the school system still cared about preparing people for the future a degree was worth something, however students and the education complex came to the conclusion the value was on the degree itself and not on the education that you supposedly received, so people began to chase all kind of useless degrees to the point the market is inundated with them and now many companies are ignoring degrees and instead hire people based on skill alone, which in many cases that is the only thing the companies care about.Its been part of reality on which jobless people is really on big numbers on where its normal for a certain degree on having limited vacancies which not all cant really be catered or get hired for a said position which would really result into this which it isnt surprising. Normal for people on seeking out methods or ways which they could get in as long it would benefit them out. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: paxmao on December 24, 2021, 02:28:28 AM Degree is losing its value even before the covid started because companies started to recruit people based on the skills not based on what degree they have so many people complete and get graduated without actual knowledge left stranded in the competitive world. And this is what happens when the education you receive is worth nothing, decades ago when the school system still cared about preparing people for the future a degree was worth something, however students and the education complex came to the conclusion the value was on the degree itself and not on the education that you supposedly received, so people began to chase all kind of useless degrees to the point the market is inundated with them and now many companies are ignoring degrees and instead hire people based on skill alone, which in many cases that is the only thing the companies care about.it is curious that not all economies are actually going the same way. While Japanese grads tend to be offered more non-permanent jobs, many students in USA are now being well received on STEM requiring jobs as the market seems to be seriously overheating. It is a confusing situation in my view, because there are, at the same time, fears of the market suffering an "stagflaction" which traditionally kills employment. At least is going to be interesting to see how this plays out next year. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: Rengga Jati on December 24, 2021, 03:31:02 AM There are still many students that think about learning should be about learning at the school or college. While kearning, they may not need to do jobs beside learning.
They will probably prefer to do some activities like learning, joining some organization, hanging out with friends, shopping, touring n traveling and maybe some other possibilities. Only few students who are willing to have part time jobs while learning at a college. And most of them are coming from low-middle economic family. Well, this may relate to the mindset, habit, and also how a family also give the influence. It is so common in my country. Some may also think that working while studying will disturb their focus. We cannot blame them because this is their choice. But right now there are many online jobs to be done without spending many times or disturbing studying process. And I personally will never think that learning at college means nothing. Because I am here right now is also because I am learning at college and then I know more things. Just depend on each individual. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: Findingnemo on December 24, 2021, 06:22:36 AM Probably until 2000 there is high demand for the degree graduates but after that everyone started to think that they eill become rich if they got a degree which resulted in atleast 100 times more than actual demand so only few people are actually working in the field where they got degree after than entrepreneurship became famous now everyone wants to become an entrepreneur, don't know where it will lead us to. :o The current crisis is youth with entrepreneurial spirit. If you have that soul, you won't expect any more job vacancies from the company. In fact, the souls of young people who have been instilled in the spirit of becoming entrepreneurs, the government must support them in their products. at least this is our effort to share and watch together in society as a form of motivation. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: redsun114 on December 24, 2021, 03:49:29 PM This has been an issue for quite a long time in my country. The funniest part of it all is that even back then the unemployment rate was less than what we have now, but people back then still complained about it and now it has gotten worse. If people back in those days were to see how much things has gotten worse this time around, in terms of unemployment, they would even be grateful of their own time.
This time around in my country people who are yet to graduate are advised to learn skills that would help them to be self employed after they have graduated from school. Because, the government will not be able to provide jobs for everyone, so it’s best to learn other skills that can help you to create your own business and be self employed, rather than waiting for the government to give you job, which may never work out. People who were hired before you are even yet to retire, and as more people graduate every year the rate of people who are searching for jobs increases. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: Coyster on December 24, 2021, 05:06:02 PM This time around in my country people who are yet to graduate are advised to learn skills that would help them to be self employed after they have graduated from school. That's the same reality in my own country as well, and the negative part of it all is that unemployment in my country has caused a rise in the rate of crime and banditry, many people who are unwilling to learn a skill and ready to take a shortcut are always quick to get into one sort of crime or the other, I think from my observation, countries with a very bad economic condition usually have many of their youths going into criminal activities, I have no figures to back this up, but I think it's true, if many individuals have work or a skill, they would not have the time that it takes to perpetrate one crime or the other.In my opinion, the only way things can get better is if the government on their own part try to create more jobs for people, and then individuals themselves also try their possible best to help themselves by learning/engaging in a good skill so they can render the required service and make money from it. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: ChiBitCTy on December 24, 2021, 06:36:46 PM Having graduated from college some years back, its surprises me that this didn't start sooner. It took myself and many of my friends quite a few months to a year to find a job after graduating form college. I think many people take their time because they are often still living rent free with their parents and they are looking for the right gig. More college grads could find work immediately if they were willing to find something part time like working for McDonalds are Burger King. Also I think we must take in to account the pandemic. The graph clearly shows that this really took hold when the coronavirus shut down many jobs/companies.
Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: TimeTeller on December 25, 2021, 10:31:42 PM Having graduated from college some years back, its surprises me that this didn't start sooner. It took myself and many of my friends quite a few months to a year to find a job after graduating form college. I think many people take their time because they are often still living rent free with their parents and they are looking for the right gig. More college grads could find work immediately if they were willing to find something part time like working for McDonalds are Burger King. Also I think we must take in to account the pandemic. The graph clearly shows that this really took hold when the coronavirus shut down many jobs/companies. The pandemic definitely contributed to this situation. Even if most of them wanted a job, they couldn't get one because last year, most businesses are closed. So not really surprising. And now, we are again faced by new variant that may derail the improvement of our situation. But for those who are not choosy with the job that they can get, they can always find one if they truly want. In this stage, we should not be choosy if you want to survive and not rely on someone else's help. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: timerland on December 25, 2021, 11:08:16 PM Having graduated from college some years back, its surprises me that this didn't start sooner. It took myself and many of my friends quite a few months to a year to find a job after graduating form college. I think many people take their time because they are often still living rent free with their parents and they are looking for the right gig. More college grads could find work immediately if they were willing to find something part time like working for McDonalds are Burger King. Also I think we must take in to account the pandemic. The graph clearly shows that this really took hold when the coronavirus shut down many jobs/companies. Which is why it is so important to get internship experience during college. I think that a lot of people have the misconception of college being this guarantee that you will make a ton of money after you graduate. That could not be further from the truth honestly. The stuff you learn in college is completely useless for the real world, much like high school, it's just that your degree boosts your reputation somewhat. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: Sithara007 on December 26, 2021, 03:05:21 AM The pandemic definitely contributed to this situation. Even if most of them wanted a job, they couldn't get one because last year, most businesses are closed. So not really surprising. And now, we are again faced by new variant that may derail the improvement of our situation. But for those who are not choosy with the job that they can get, they can always find one if they truly want. In this stage, we should not be choosy if you want to survive and not rely on someone else's help. I am actually quite confused about the overall impact of the pandemic on the job market. The stock markets seems to be doing well and most of those who have invested in the stocks have received 50%-60% returns during the last 12 months. IT employees are saying that they received the best salary increments in their entire career during 2021. Previously the blue-collar workers were in bad shape due to the lockdown, but that also seems to have changed. Industries such as tourism and aviation seems to have made a remarkable recovery. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: molsewid on December 26, 2021, 12:43:21 PM I am actually quite confused about the overall impact of the pandemic on the job market. The stock markets seems to be doing well and most of those who have invested in the stocks have received 50%-60% returns during the last 12 months. IT employees are saying that they received the best salary increments in their entire career during 2021. Previously the blue-collar workers were in bad shape due to the lockdown, but that also seems to have changed. Industries such as tourism and aviation seems to have made a remarkable recovery. A regular employee especially with just a number of a year working in a certain company that really felt the impact of Covid in their industry sadly lost their work, newly graduates that were looking for a job really felt the difficulty of finding a job, and yeah, to be honest, I am also one of those people who really felt the severe effect of Covid not just in health aspect but mostly in financial effect. I'm glad, I'd still made a good earning doing online working, crypto earning, and used this time to enhance my skills especially trading. What I am trying to say is everyone has a different experienced and hurdles that have encountered during the pandemic. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: dunfida on December 26, 2021, 09:58:20 PM I am actually quite confused about the overall impact of the pandemic on the job market. The stock markets seems to be doing well and most of those who have invested in the stocks have received 50%-60% returns during the last 12 months. IT employees are saying that they received the best salary increments in their entire career during 2021. Previously the blue-collar workers were in bad shape due to the lockdown, but that also seems to have changed. Industries such as tourism and aviation seems to have made a remarkable recovery. A regular employee especially with just a number of a year working in a certain company that really felt the impact of Covid in their industry sadly lost their work, newly graduates that were looking for a job really felt the difficulty of finding a job, and yeah, to be honest, I am also one of those people who really felt the severe effect of Covid not just in health aspect but mostly in financial effect. I'm glad, I'd still made a good earning doing online working, crypto earning, and used this time to enhance my skills especially trading. What I am trying to say is everyone has a different experienced and hurdles that have encountered during the pandemic. for decades and now the lots of companies had bankrupt then it do make the situation more worst which graduates as of these years would still struggle out more on this kind of problem. For now the best thing to be done personally is to seek out ways on which on how you do sustain yourself at least and one of those things you do already mentioned are those ways. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: LUCKMCFLY on December 26, 2021, 10:38:15 PM Problem is that there's a lot of people already and the demand for services aren't meeting the current population so with low demand, we will see less businesses offering the same thing and in turn less workers needed and with more looking for a job which leads to no vacancy. I think that the best thing to do right now as a college graduate is for us to learn niche subjects because most industries popping up have a really niche qualifications, we will only see an increase in jobless graduates in the near future. He may be right in a certain sense, but a professional leaves a university with 0 experience, and that is a disadvantage, however specializing or taking highly relevant courses can open the doors to many. I'm going to Spain, I have an excellent resume with a medical equipment company called Konica Minolta, I also have some Cisco networks, so that alone opens doors, I'll just wait for them to see my profile and call me, if it's to go there I'll go to go, but the opportunities are open, do not think that everything is bloked. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: Silberman on December 28, 2021, 03:43:21 PM This has been an issue for quite a long time in my country. The funniest part of it all is that even back then the unemployment rate was less than what we have now, but people back then still complained about it and now it has gotten worse. If people back in those days were to see how much things has gotten worse this time around, in terms of unemployment, they would even be grateful of their own time. This is something that is happening all over the world, and while in some way it is inevitable as there are some people that may have gone to college to study a particular career and then end up in a completely different field, at the same time one of the reasons for this is that what you are taught at school is not really aligned with what business are looking for in the real world, which means that those that graduate college do not really have a market for their skills.This time around in my country people who are yet to graduate are advised to learn skills that would help them to be self employed after they have graduated from school. Because, the government will not be able to provide jobs for everyone, so it’s best to learn other skills that can help you to create your own business and be self employed, rather than waiting for the government to give you job, which may never work out. People who were hired before you are even yet to retire, and as more people graduate every year the rate of people who are searching for jobs increases. Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: LUCKMCFLY on January 05, 2022, 01:35:13 PM When we want to do KYC, we must make sure that the site can take care of the personal identity of their members in a safe place and not abuse the identity because right now, we do not know if they have already become a target or still safe from the hacker. Almost all the exchanges ask to very their users kyc and many of them already been hacked. For that reason what we have been able to do against them? Nothing! So, if any gambling site can be hacked then nothing to do. And also, no exchange or gambling site wants to be hacked. Every exchange and gambling sites wants to be safe and keep safe to their users.Title: Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad Post by: so98nn on January 06, 2022, 02:02:18 PM It is but obvious to see this sharp fall in jobs. The unemployment is not because of freshers but could be added number from those who lost the job due to businesses running out and getting into sinks. The whole and sole reason as we know is COVID situation. No wonder they had to do it as the financial crisis was at its peak level.
So if the peeps were loosing the jobs then it’s big question mark how the freshers from the 20’S class would get any job ? This is not only in America or Europe but all the continent and countries in it. Most hit is American only followed by some major Asian countries. |
