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latestagecapitalism·Late Stage Capitalismbypammyfromthesticks

THE JOB MARKET IS COOKED AND UNIVERSITIES ARE DESPERATE

College used to be sold as the ticket to a better job.

Now it feels like the ticket to... another application rejection.

Universities are suddenly trying really hard to convince everyone their degrees are still worth it, companies keep raising the requirements for entry-level jobs, internships are becoming impossible to land, and somehow people with PhDs are being offered $18 an hour.

So... what exactly are we paying for anymore?

In this video, we're looking at desperate MBA marketing, degree inflation, AI replacing entry-level work, ridiculous job requirements, and why standing out is becoming more valuable than collecting another checkbox on your resume.

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lemmy.world

The job market had been cooked for over a decade.
There is a reason everyone in IT ignores the years of experience in postings because there have been some high profile cases where a company has asked for 7 years of experience with a technology that has been out for 4 years.

17

Yeah, the people writing the requirements for a job don't have any understanding of what the job actually is or requires and they then give it to a computer system that interprets that as hard requirements. I had to get a bachelor's degree, not because it helped me, but because the "or relevant experience" was ignored by the filtering systems and my resumes never made it to a person despite being overqualified otherwise. But I did find a degree program that let me test out of a lot of classes since I wasn't taking them to learn, just to check a box. It was already way below my knowledge level as a senior engineer.

It's also why they now think a contractor with a certification rather than a real degree can use AI to do the work of a senior engineer. They have no idea what the job is and price is all they care about. The more they can drive down costs, the more their lack of innovation and thus lack of income gets hidden from shareholders. So if they can lay off all of their senior workers and higher cheap workers with "AI" they don't care if they piss off customers with broken products, they already own the market and put all of their money into maintaining those monopolies instead of pleasing customers.

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You reached the end