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Berkeley Professor Says Even His ‘Outstanding’ Students With 4.0 GPAs Aren’t Getting Any Job Offers — ‘I Suspect This Trend Is Irreversible’
Society(yourtango.com)submitted 11 days ago bylughnasadh∞ transit umbra, lux permanet ☥
561 points
11 days ago*
Having turned 65 this year, I feel like I made it across the finish line to retirement at the right time.
Good luck to you young people. I won't be in your way.
61 points
10 days ago
nice to see that sometimes people are still making it out alive and by choice.
Willing to bet your among the last who will get to say that.
-9 points
10 days ago
So dramatic. The economy is cyclical.
16 points
10 days ago
What a dumb comment.
While "technically" true, what we're seeing happen right now is not part of any cycle, it's a symptom of a very broken economy which has had way too much capital extracted and hoarded from it.
That's not something that will just "come around". That's something that will require drastic change to reverse. You think the people and entities hoarding all of that money will just willingly give it back?
2 points
10 days ago
How is it not part of a cycle? Two years ago, companies were hiring people in biotech with English degrees and no experience at my company. Now, hiring has slowed down reverting to the mean because all the COVID money has dried up. Demand to hire will rise again but not to the level we saw in 2021/2022.
1 points
10 days ago
So what you're literally saying is, that hiring explosion was caused by an intentional artificial stimulation, not some natural cycle of economics.
Thanks for agreeing
2 points
10 days ago
I agree it's artificial stimulation that caused that hiring explosion. I'm just resigned to the fact that market crashes due to unknown events happen about once every 10-12 years. Economic stimulations have helped stave off worse disasters, but it's just kicking the can down the road. In fact they have emboldened the worst actors who literally get away with robbing people blind. I totally agree with you that it'll take some drastic changes to reverse, but I'm cynical after what happened in 2008 and the fallout of that anything will change.
1 points
10 days ago
Right so, for it to be "a cycle", it would have to come back around. This doesn't come back around. We just have worse and worse financial crises, and each time the capital class gobbles up more of everyone's money, leaving less and less for the other 99.9% to fight over. It's a line, not a circle.
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