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☆ Yσɠƚԋσʂ ☆ ( yogthos@lemmy.ml ) M to United States | News & Politics@lemmy.ml · 3 months ago

Labor force participation falls to 61.5%, the lowest in 50 years outside COVID, and economists say it's not just people giving up

fortune.com

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Labor force participation falls to 61.5%, the lowest in 50 years outside COVID, and economists say it's not just people giving up

fortune.com

☆ Yσɠƚԋσʂ ☆ ( yogthos@lemmy.ml ) M to United States | News & Politics@lemmy.ml · 3 months ago
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Labor force participation falls to 61.5%, the lowest in 50 years outside COVID, and economists say it's not just people giving up | Fortune
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Although AI and tech innovation is blamed for that drop, it has more to do with the lack of supply relative to the number of jobs that are available.
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      • sudoer777 ( sudoer777@lemmy.ml ) 
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        A lot of that is jobs requiring a BS for no reason and not even using the skills it teaches, and those jobs complaining that colleges don’t teach enough Java or some other shitty industry tool or whatever in their theoretical computer science programs and colleges lowering standards to make themselves more marketable with higher graduation rates. And now they have software engineering degrees which is probably more relevant for a lot of software engineering jobs but they still expect CS.

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