Anonymous wrote:Most of these kids are unemployed because they haven’t found the job they thought they would have, not because there are no jobs.
I am fully prepared for the possibility that my son may eventually work as a mechanic or carpenter after finishing at a SLAC.
Anonymous wrote:Better question seems to be how long until the AI bubble bursts.
Anonymous wrote:Never, AI will take over the grunt work, entry level jobs which will change the workforce dynamic but pursuit of academic attainment for higher level jobs and general enrichment will remain.
Anonymous wrote:Anonymous wrote:Anonymous wrote:It may go the other way, Op. When jobs are hard to get, then people go back to school for master’s degrees or certificates.
Already happening, and law apps are significantly up as well, phD up mildly though a lot are internationals.
MD apps were already highest in 20+ years. MD is a harder path to pivot to.
Medical school applications have dropped every year since 2022 and except for a spike during COVID they have been generally stable for the past 10-15 years. I do expect them to rise but it hasn’t happened yet.
Anonymous wrote:Anonymous wrote:It may go the other way, Op. When jobs are hard to get, then people go back to school for master’s degrees or certificates.
Already happening, and law apps are significantly up as well, phD up mildly though a lot are internationals.
MD apps were already highest in 20+ years. MD is a harder path to pivot to.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:OP is the same poster who asked 5 years ago if crypto would cause all banking to collapse; and if self-driving cars would cause the auto industry to collapse. How's that going?
I work for a bank regulator. Trust me when I say this, banks are worried!
https://www.bloomberg.com/news/articles/2026-05-15/crypto-s-win-on-landmark-legislation-reshapes-rivalry-with-banks
But crypto has been around in a big way for 10+ years. Every year, we hear how it's going to take over the world, and it hasn't.
Yes, your link involves a potential US regulatory change, but other countries have always had looser rules. Some countries even adopted crypto as one of their official currencies (El Salvador). Yet, crypto has not done all these things people fear it will do, like get rid of banks; alleviate the need for USD/EUR/etc, and so on.
And how about self-driving cars? Just 5 years ago, people were saying maybe we won't even need to build houses with garages and driveways as we'll just summon a car on demand and it'll drive to us and drive us around. What happened to that?
In other words, every couple years, we hear about some "this will change everything" technology. Most do have some effect, especially at the fringes, but they have never really brought down major industries like higher ed, and I don't think they will now either.
All I can tell you is that the politicians and the oligarchs have both bought in on crypto in the US. In a big way. That hasn't happened before. I can't even tell you how many times I've heard, "... the US needs to be the king of crypto..." since Jan 2025. I used to think the politicians would keep us safe. After the last two leg actions, I'm pretty convinced they've drank the kool-aid also. So ... we'll see. But this thread isn't about crypto, so let's not hijack it.
Anonymous wrote:Anonymous wrote:Anonymous wrote:OP is the same poster who asked 5 years ago if crypto would cause all banking to collapse; and if self-driving cars would cause the auto industry to collapse. How's that going?
I work for a bank regulator. Trust me when I say this, banks are worried!
https://www.bloomberg.com/news/articles/2026-05-15/crypto-s-win-on-landmark-legislation-reshapes-rivalry-with-banks
But crypto has been around in a big way for 10+ years. Every year, we hear how it's going to take over the world, and it hasn't.
Yes, your link involves a potential US regulatory change, but other countries have always had looser rules. Some countries even adopted crypto as one of their official currencies (El Salvador). Yet, crypto has not done all these things people fear it will do, like get rid of banks; alleviate the need for USD/EUR/etc, and so on.
And how about self-driving cars? Just 5 years ago, people were saying maybe we won't even need to build houses with garages and driveways as we'll just summon a car on demand and it'll drive to us and drive us around. What happened to that?
In other words, every couple years, we hear about some "this will change everything" technology. Most do have some effect, especially at the fringes, but they have never really brought down major industries like higher ed, and I don't think they will now either.
Anonymous wrote:I agree there needs to be some controls around the use of AI. At the same time, from what I have heard and read, companies are just pointing towards AI for layoffs when in reality it is not true so they don't get sued. We know AI is not to a point yet to cause this kind of layoffs. All the AI stuff we are seeing in doing work for clients are all still in the way early stages doing proof of concepts. I think the main reason for layoffs is to cut costs rather than efficiencies obtained by AI