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▲ frmersdog 2 days ago

There wouldn't be too many new grads if all the capital wasn't locked up in a few Death Stars. A robust job market needs

  oodles and oodles of dumb, doomed small businesses and start-up companies chasing stupid products and services that will never succeed long-term
which employ

  not just top-of-class grads, but also mediocre grads and people who taught themselves from a few library books and even that one guy who can't build anything but is amazing at point out flaws and potential stumbling blocks
who

  learn from their mistakes at these companies and grow into knowledgeable and diligent workers from the experiences they have actually working.
Instead, all of the money is locked up in VC and passive funds that are chasing the same companies and technologies and applicants as everyone else. All at the exact same time, even; there's no one sitting on the sidelines, waiting for the model du jour to fail so that they can fund another approach later. This is beyond grads and schools. The entire ecosystem is a generational disaster, which is why we're seeing unprecedented bank bailouts and unprecedented monetary policy working at backstopping and sling-shotting into unprecedented capital market highs. In other words, we stuck one big egg in the incubator, and we're doing everything and anything to keep it from going bad, because we only have the one big egg.

There is a temptation to declare a conspiracy against Millennials and Zoomers, but it's probably more likely that our "job creators" are just that stupid and self-interested.