It's ridiculously funny that if I were to graduate from HBS today with an MBA, I would have a lower chance of securing my first job as an analyst at a private equity fund, as a fresh graduate. The numbers for graduates are even more terrible. Yes, I did the math and they are abysmal today.

▲

commandlinefan 2 days ago | parent | next [-]

I didn't read the article (paywalled), but did the headline is "young graduates face the grimmest job market in years". Did they address how many years? I've seen now compared to 2000 & 2008, which were bad, but that we bounced back from. Is it the grimmest job market in years or the grimmest in centuries?

	▲	randcraw 2 days ago \| parent [-]
		According to the article's graph of the fresh grad unemployment rate, the present climate is about as bad as in 2003 but less than a third as bad as it was in 2010. Unemployment during the pandemic spiked well above 2010, but only briefly, before returning to pre-pandemic level.

▲

guzfip 2 days ago | parent | prev [-]

The geezers in power have been grooming them for the peasantry. The signaling is explicit. You will own nothing and you will be happy.

And you will only be happy of course because it’s above you status to worry about the upsetting things.

▲

pylua 2 days ago | parent [-]

The amount of sentiment like this is scary. I’m not disagreeing with you but there isn’t a lot of optimism overall.

	▲	georgemcbay a day ago \| parent \| next [-]
		Wealth inequality is beyond gilded age levels and all signs point to this only accelerating, the only significant economic growth over the past year is in technology meant to mass-replace labor, the government (in the US anyway) is openly corrupt and disdainful of its own citizens and is bankrupting the country while simultaneously stripping safety nets that could help soften the blow of previously mentioned issues, we've decided to pretend the climate crisis doesn't exist despite the clear evidence all around us that things are accelerating even faster than previous predictions. Not a lot to be optimistic about.
	▲	nathanaldensr a day ago \| parent \| prev [-]
		Right. Whether it's absolutely true in an empirical sense almost doesn't matter. If enough people believe it's true--and I'd argue Gen Z absolutely does--it will become the reality. Whether it's a self-fulfilling prophecy or truth out of our control, it's the reality.