Comment on Computer Science, a popular college major, has one of the highest unemployment rates
scarabic@lemmy.world 1 week agoIt’s also just a general pattern that when a skill is in high demand, the jobs pay great. Everyone wants great pay, so the flood the schools to acquire that skill. Eventually things reach a saturation point.
And also there are always charlatan programs that take your money to hand out worthless certifications. As time goes by, these “educations” mean less and less, and there are fewer and fewer jobs. Until we arrive at a point like this.
avidamoeba@lemmy.ca 1 week ago
Yes my point is that it’s a feature of using the market to decide these variables in the economy. If you used some form of planning at the macro level and propagate targets or at least expectations down the industry and educational institutions, you’d save a ton of real resources and parts of people’s lives, and reduce the negative social effects of this process. Effects that destabilize the whole system if they grow to any significant proportions.