530
Computer Science, a popular college major, has one of the highest unemployment rates
(www.newsweek.com)
this post was submitted on 20 Aug 2025
530 points (98.7% liked)
Technology
74265 readers
4278 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
In the 1970s companies started "Stack Ranking" all their employees and firing the bottom 10% in order to replace them or simply using their wages to pay CEOs more.
Companies used to provide workers a pay related sense of justice, a career for life.
Now the media will jump past all this to blame anything but the CEOs and failure of Government to reign in the wage gap via the force of law.
they are using the right wing blaming strategy: blames the student for choosing a "useless" degree, and not having 'CONNECTIONS'/networking, these basically are a form of Nepotism to be honest, not many people can get connections like that, and its based on "knowing a person of a person with said company that is friendly with a HR manager" i guessed correctly in another forum(indeed) that its around half when they decide if they want to hire you.
.... There was a period from the 1940s to the 1970s when this was more common-place. But historically this kind of cut-throat wage squeeze was very normal, particularly in the industrialized American north.
One of the driving forces behind improvements in the American capitalist model, wrt pensions and professional job security and a regulated relationship between business and labor, was European Communism. The allure of the revolutionary communist reconstructions (and less revolutionary socialist rebuilds) drove some significant number of Western professionals into the waiting arms of Papa Stalin and a fair number more into large labor unions and socialist political ideologies.
Without the USSR as foil to the capitalist system, there is less urgency among the capitalist class to negotiate with labor and less optimism among American workers to achieve some kind of superior economic position.
That, combined with an absolute tsunami of corporate propaganda to brainwash civilian workers, a swelling pustule of a police state to cow the lumpen proletariat, and a Global War on Whatever to galvanize young liberals and conservatives alike against the phantom menace of foreign invasion, has supplanted any kind of negotiating between capital owners and their wage cuck workers.
The only thing you have to hope for in the modern day is a big enough 401k such that you can live like a parasite rather than the host.