Today’s young people have endured crisis after crisis—social media upheaval, a pandemic, and political turmoil. And for many eager to finally start their careers, they’re facing yet another uphill battle: entering one of the toughest job markets in a decade.
Job postings are down, and unemployment among recent graduates has climbed to 9.3%, according to the Federal Reserve—its highest level outside of the pandemic since 2014.
But one lawmaker says this may only be the beginning.
Unemployment for recent college graduates could surge to as high as 25% in the next two to three years, warned U.S. Senator Mark Warner (D-Va.) in an interview with Bloomberg, and it could cause a “level of social disruption that’s unprecedented.”
“If we eliminate that front end of the pipeline, how are people ever going to get to that mid-career spot?” Warner added to CNBC.
In My teens I first did 3.5 years of vocational training to become a heating engineer/plumber. It was a cool job but I hated the cold winters without heating. So I went back to school and university to graduate in Computer Science and now I work as a Solutions Architect from home with AC in the summer and heating in the winter and I love it!
But if I should lose the white collar job I’m confident I could go back to the blue collar occupation, with much Lowe salary, but much better than nothing.
I guess some strategy like that will need to be adapted by many.
More likely is CEOs and middle managmeent will be out of a job, but tha has a lot of inertia, and depends until when the people who actually provide the value in the company reach their threshold and call quits
Last week I saw that in action, we visited the customer for a week and we the two engineers been constantly either explaining things, getting information and preparing the reports. While the Project Manager was present but had to be told several times what to do and wasn’t even able to update his part of the report. Very disappointing.