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Reply to "The Newest Face of Long-Term Unemployment? The College Educated"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My department posted two Cybersecurity analyst positions, and we are looking for recent college grads with some internship experience. We received over 3700 applications. Of those 3700 resumes, 99% of the candidates were rejected. From 99% of the resumes, there were 75 of those applicants graduated from Ivies, Northwestern, UCLA, UVA, Michigan, etc... We looked at 37 remaining applicants and phone-screen about eighteen of them. We brought nine candidates for on-site final interviews. As a technical interviewer, I asked "off the record" how many jobs they applied for and the number of interviews they received in the past twelve months. Almost all of them told me that they had applied for over 500 jobs, received less than 5% of phone interviews, and less than 1% for final interviews. All nine candidates qualified for the two positions, but we only have two slots available. In the end, my manager selected one from Brown, and the other one from UVA. The job market is horrible. I know many people who were making 300K/yr from Amazon and Microsoft, and they got layoffs. They are looking for jobs that only pay 150K/yr, and are still looking.[/quote] Suppose that at a given moment a certain number of people are engaged in the manufacture of pins. They make as many pins as the world needs, working (say) eight hours a day. Someone makes an invention by which the same number of men can make twice as many pins as before. But the world does not need twice as many pins: pins are already so cheap that hardly any more will be bought at a lower price. In a sensible world everybody concerned in the manufacture of pins would take to working four hours instead of eight, and everything else would go on as before. But in the actual world this would be thought demoralizing. The men still work eight hours, there are too many pins, some employers go bankrupt, and half the men previously concerned in making pins are thrown out of work. There is, in the end, just as much leisure as on the other plan, but half the men are totally idle while half are still overworked. In this way it is ensured that the unavoidable leisure shall cause misery all round instead of being a universal source of happiness. Can anything more insane be imagined?[/quote] It seems by design to force people to work full time, our healthcare system is designed to handcuff people to "permanent" (nothing permanent about them) full time jobs. It's possible that in the past this was needed for productivity. With productivity improvement we can pay the same for people to work part time doing the same jobs and producing the same. But productivity improvements had not been allocated towards improving QOL of the workers but instead towards profits, which in your example, and as it often happens in real life isn't always profitable either. There is only so much demand for specific goods and services and skills. Do you see this system changing , and how do you think it will change? I don't see the light at the end of the tunnel, because literally nobody of significance who has audiences is talking about it. And it has to start with our healthcare system reforms an decoupling health insurance from employment. To do this it has to be made truly affordable for the workers to buy on their own. I only see the opposite - it's getting more and more expensive. [/quote]
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