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.
Yeah the company I work for is having our 3rd or 4th Reduction In Force this year… Upper management is also pushing hard for us to all use more AI.
It’s great, not only are we understaffed with impossible deadlines, but we lost all of our tribal knowledge, and half the fires we are fighting are due to inexperienced workers using AI for everything.
We’ve fired everyone who does anything and we’re still hemorrhagging money and we’re all out of ideas D:
Self inflicted wounds…