That's what I want to know. I was right there with your sister in the 80s and it was one of the best times of my life! Group house, living on ramen noodles and reception food, but you are right - no one would have dreamed of taking money from their parents. These kids have no idea what they are missing. |
Yep. My kid got a computer science degree and is writing programs for a mapping agency. He started at 120,000.00. It should be noted that when he came home freshman year in love and wanting to be a teacher we put our collective feet up his ass and sent him back to school for the science degree. This was at a time when people were laughing if your forced your child to pursue anything other than a liberal arts degree. Lol. |
At the company I work at they hire h1bs instead of college graduates Been that way for last 10 years and getting worse |
DCUM educated elite |
people really are clueless on what has happened I’ve often mentioned that a 1989 internal NSF report forecast (and spoke approvingly) that an influx of foreign doctoral students would keep PhD wages down, making doctoral study unattractive to Americans. That is exactly what has occurred, as noted in the congressionally-commissioned NRC report in 2001, and put bluntly by Cisco Systems Vice President for Research Douglas Comer: “…a Ph.D. in computer science is probably a financial loser in both the short and long terms, says Douglas Comer” (Science Careers, April 11, 2008). The pattern reaching back to 2001 is clear -- fewer jobs, more unemployment, and more post-doc work -- especially in the sciences. A post doc essentially translates into toiling as a low-paid lab hand (emphasis on low-paid as shown below.) Once it was just a one or two-year rite of passage where budding scientists honed their research skills. Now it can stretch on for half a decade . https://www.theatlantic.com/business/archive/2013/02/the-phd-bust-americas-awful-market-for-young-scientists-in-7-charts/273339/ |
At the undergraduate level, the number of foreign students is small. The graduate level is different. This was all planned for by the National Science Foundation. Their concern was that Ph.D. salaries were too high, and they said that they were going to remedy it by bringing in a lot of foreign students. Swelling the labor pool will reduce the salaries or reduce the growth in salaries, and that was at the same time NSF was pushing Congress to enact the H-1B program. NSF also said at the time that by limiting salaries, Americans would be dissuaded from pursing graduate degrees and, of course, that's exactly what happened. So now you see only 50% of the Ph.D.s in computer science go to Americans. That study was a key link in a chain of evidence leading to an entirely different view of the real origins of the Immigration Act of 1990s and the H1-B visa classification. In this alternative account, American industry and Big Science convinced official Washington to put in place a series of policies that had little to do with any demographic concerns. Their aims instead were to keep American scientific employers from having to pay the full US market price of high skilled labor. They hoped to keep the US research system staffed with employees classified as “trainees,” “students,” and “post-docs” for the benefit of employers. The result would be to render the US scientific workforce more docile and pliable to authority and senior researchers by attempting to ensure this labor market sector is always flooded largely by employer-friendly visa holders who lack full rights to respond to wage signals in the US labor market. 17. E. Weinstein, "How and Why Government Universities and Industry Create Domestic Labor Shortages of Scientists and High-Tech Workers" in , Nat'l Bureau of Economic Research, 1998, [online] https://www.ineteconomics.org/perspectives/blog/how-why-government-universities-industry-create-domestic-labor-shortages-of-scientists-high-tech-workers |
I graduated in 2002. My point was that I graduated in an uncertain time when many offers were being reneged because of the uncertainty. I work at an org that hires interns and often, if they are good, they get full-time offers if there are openings. And if there are no openings, they still end up in good full-time positions. Internships still matter. Sorry if your kid was so privileged they didn't need to have one and now they can't find a job. My parents didn't let me stay home in the summers unless I was making money. |
| If you graduate from a decent school with a degree for which there is a demand and you have any ambition you can get a decent job to get started. The economy is fine and it all comes down to supply, demand and ambition. |
bingo. My kids all had job offers by winter break of their senior year. But they majored in ...wait for it...marketable subjects! Accounting, chemical engineering, and HR management. |
I have a degree in philosophy. I graduated 10 years ago. I make around $250k. Obviously some of my friends who went into finance or big law are doing better financially but I feel pretty good about my situation. |
Honest question, is HR management really a marketable subject? |
Of course. Companies always need HR people, recruiters, etc. |
Actually my DC did major in women's studies and has a good job (not in that field of course). Not going the vocational route isn’t the end of the world. |
Good point but please remember that not everyone can afford to do an internship. Internships are often unpaid & some students have to earn money for their college expenses during the summer. Plus, even if the internships are paid, they are often located someplace that would require the students to spend a good deal of money on rent over the summer. |
+1 I graduated from college in 2012 & several of my friends from both college & high school chose college majors that are being derided in this thread (sociology, art history, English, women's studies, etc). A little over five years later, they are all doing extremely well. |