Why today’s graduates are screwed

[Kaylin]

https://archive.is/XvBRz

they so fast archive this page liao meh

 

[d5dude]

Citizen journalism? You still need someone to dig out the story.

Yea but how are these people getting paid? Clicks per view? Those are increasingly being diverted to ChatGPT and Google AI overview.

 

[Shion]

the job market in sg is screwed anyway

 

[Heriophant]

Fake news. Fresh grads now earning >5k liao. Clear from 65% mandate

 

[ahboy82]

Lots of high earner in sg 瞧不起我们 the old n avg earner population leh , gt those early 30s earn over 20k per mth say we nt hardworking enuff etc

 

[Eost002]

lie flat, wait for parents sell dawson bto then get profits

Fu er dai

 

[congster2]

Learning to be an electrician and blumbers nao!

According to some sites, electricians and plumbers also have perks when they visit houses and hubbies are not ard...

 

[daylight]

Learning to be an electrician and blumbers nao!

repair air-con n fix do plumbing probably can earn more now

 

[daylight]

Can graduate first then talk

now kana 莫须有 labels on AI usage and threatened with f grades

cannot any how AI to help u write essays. if tutors beh song, they will fail u

 

[Eost002]

repair air-con n fix do plumbing probably can earn more now

Aircon, water pipe and electrician man wansui

 

[archie7]

produce too many grads everywhere
think s korea and taiwan were the first few countries that faced the problem
now globally also liao

 

[cyke69sg]

Dun work. Just invest in property and stocks. Get rich.
Work is for people who want to stay poor

 

[fatscaryuncle]

got degree jialat, no degree cannot even be office cleaner now

 

[chanmalichanheyhey]

Why today’s graduates are screwed

Pity the ambitious youngster. For decades the path to a nice life was clear: Go to university, find a graduate job, then watch the money come in. Today’s hard-working youth, however, seem to have fewer options than before.

Go into tech? The big firms are cutting jobs. How about the public sector? That is less prestigious than it used to be. Become an engineer? Lots of innovation, from electric vehicles to renewable energy, now happens in China. A lawyer? Artificial intelligence will soon take your job. Don’t even think about becoming a journalist.

Across the West, young graduates are losing their privileged position; in some cases, they have already lost it. Jobs data hints at the change. Mr Matthew Martin of Oxford Economics, a consultancy, has looked at Americans aged 22 to 27 with a bachelor’s degree or higher. For the first time in history, their unemployment rate is now consistently higher than the national average. Recent graduates’ rising unemployment is driven by those who are looking for work for the first time.

The social and political consequences will be profound. And the trend is not just in America. Across the European Union, the unemployment rate of young folk with tertiary education is approaching the overall rate for that age group. Britain, Canada, Japan – all appear to be on a similar path. Even elite youngsters, such as MBA graduates, are suffering. In 2024, 80 per cent of Stanford’s business school graduates had a job three months after leaving, down from 91 per cent in 2021. At first glance, the Stanford students eating al fresco at the school’s cafeteria look happy. Look again, and you can see the fear in their eyes.

Until recently the “university wage premium”, where graduates earn more than others, was growing. More recently, though, it has shrunk, including in the US, Britain and Canada. Using data on young Americans from the New York branch of the US Federal Reserve, we estimate that in 2015 the median college graduate earned 69 per cent more than the median high school graduate. By 2024, the premium shrank to 50 per cent.

Jobs are also less fulfilling. A large survey suggests America’s “graduate satisfaction gap” – how much more likely graduates are to say they are “very satisfied” with their job than non-graduates – is now around 3 percentage points, down from a long-run advantage of 7 percentage points.

https://www.straitstimes.com/opinion/why-todays-graduates-are-screwed

as a finance manager I usually need some support from our legal team when it comes to drafting resolutions and contracts.

now I just type one sentence into chatgpt and get a professional customised draft without any mistakes. Recently I ask for a draft for a director's loan and chatgpt asked me at the end if I needed a sample for a promissory note as well.

No need legal team nor need to see their chao bin anymore.

 

[chanmalichanheyhey]

every mother and their son is a graduate now. of course the value of a degree is degrading.

IMO existence of private degrees are the the issue. As cruel as it might sound.

 

[daylight]

as a finance manager I usually need some support from our legal team when it comes to drafting resolutions and contracts.

now I just type one sentence into chatgpt and get a professional customised draft without any mistakes. Recently I ask for a draft for a director's loan and chatgpt asked me at the end if I needed a sample for a promissory note as well.

No need legal team nor need to see their chao bin anymore.

those in-house legal can go jobless soon.

 

[Peasantboy]

Why today’s graduates are screwed

Pity the ambitious youngster. For decades the path to a nice life was clear: Go to university, find a graduate job, then watch the money come in. Today’s hard-working youth, however, seem to have fewer options than before.

Go into tech? The big firms are cutting jobs. How about the public sector? That is less prestigious than it used to be. Become an engineer? Lots of innovation, from electric vehicles to renewable energy, now happens in China. A lawyer? Artificial intelligence will soon take your job. Don’t even think about becoming a journalist.

Across the West, young graduates are losing their privileged position; in some cases, they have already lost it. Jobs data hints at the change. Mr Matthew Martin of Oxford Economics, a consultancy, has looked at Americans aged 22 to 27 with a bachelor’s degree or higher. For the first time in history, their unemployment rate is now consistently higher than the national average. Recent graduates’ rising unemployment is driven by those who are looking for work for the first time.

The social and political consequences will be profound. And the trend is not just in America. Across the European Union, the unemployment rate of young folk with tertiary education is approaching the overall rate for that age group. Britain, Canada, Japan – all appear to be on a similar path. Even elite youngsters, such as MBA graduates, are suffering. In 2024, 80 per cent of Stanford’s business school graduates had a job three months after leaving, down from 91 per cent in 2021. At first glance, the Stanford students eating al fresco at the school’s cafeteria look happy. Look again, and you can see the fear in their eyes.

Until recently the “university wage premium”, where graduates earn more than others, was growing. More recently, though, it has shrunk, including in the US, Britain and Canada. Using data on young Americans from the New York branch of the US Federal Reserve, we estimate that in 2015 the median college graduate earned 69 per cent more than the median high school graduate. By 2024, the premium shrank to 50 per cent.

Jobs are also less fulfilling. A large survey suggests America’s “graduate satisfaction gap” – how much more likely graduates are to say they are “very satisfied” with their job than non-graduates – is now around 3 percentage points, down from a long-run advantage of 7 percentage points.

https://www.straitstimes.com/opinion/why-todays-graduates-are-screwed

Interesting never thought of public sector as “prestigious”… can’t really trust this article

 

[stingray1211]

please loh , 1980s 1990s also same . get a degree get a good job watch money come in. didn't work out.
now , problem is everyone has a degree. it cheapens and makes degrees like any other paper.. in fact nowadays degrees are like diplomas , diplomas are like ITE certs and ITE certs are like skills future credits certification..

it also makes sense as the jobs of today are very different than in the past.

everything in society needs to keep up.
the only thing that doesn't change , a group of people will be ultra successful, a group will be normal successful , majority will be average and a group will be poor and lazy.

bell curve doesn't change regardless of generation and existed since humans existed. this applies for health and medical as well.




Read HWZ Forum Rules!

 

[Earthling]

explains the boom of onlyfans. the nature of business will change

 

[artncraft]

Nowadays, graduates also need to build connections via internships and recommendations.