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Computer Science, a popular college major, has one of the highest unemployment rates

Published earlier this year, but still relevant.

United States | News & Politics @midwest.social

A popular college major has one of the highest unemployment rates

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Hacker News @lemmy.bestiver.se

Computer science has one of the highest unemployment rates

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272 comments
  • The major saw an unemployment rate of 6.1 percent, just under those top majors like physics and anthropology, which had rates of 7.8 and 9.4 percent respectively.

    The numbers aren't too high although it shows the market is no longer starved for grads.

    It's important to understand that this is a standard feature of the capitalist economy where the market is used to determine how many people are needed in a certain field at a point in time. It is not unusual that there's no overarching plan for how many software engineers would be needed over the long term. The market has to go through a shortage phase, creating the effects in wages, unemployment, educational institutions and so on, in order to increase the production of software engineers. Then the market has to go through the oversupply phase creating the opposite effects on wages, unemployment and educational institutions in order to decrease the production of software engineers. The people who are affected by these swings are a necessary part of the ability for the market to compute the next state of this part of the economy. This is how it works. It uses real people and resources to do it. The less planning we do, the more people and resources have to go through the meat grinder in order to decide where the economy goes next. We don't have to do it this way but that's how it's been decided for a while now.

    I was doing my CS degree immediately after the 2008 meltdown. At the time there was a massive oversupply of finance people who graduated and couldn't find work. This continued for years. I was always shocked at the time why the university or the government does not project these things and adjust the available program sizes so that kids and their parents don't end up spending boatloads of money and lives in degrees under false promises of prosperity. I didn't have an answer then and people around me couldn't explain it either but many were asking the same question. I wish someone understood it the way I do now.

  • The industry went to shit after non-nerdy people found out there could be a lot of money in tech. Used to be full of other people like me and I really liked it. Now it’s full of people who are equally as enthused about it as they would be to become lawyers or doctors.

    • The industry went to shit after non-nerdy people found out there could be a lot of money in tech.

      I started my undergrad in the early 90’s, and ran into multiple students who had never even used a computer, but had heard from someone that there was a lot of money to be made in computers so they decided to make that their major.

      Mind you, those students tended not to do terribly well and often changed major after the first two years — but this phenomenon certainly isn’t anything particularly new. Having been both a student and a University instructor (teaching primarily 3rd and 4th year Comp.Sci subjects) I’ve seen this over and over and over again.

      By way of advice to any new or upcoming graduates who may be reading this from an old guy who has been around for a long time, used to be a University instructor, and is currently a development manager for a big software company — if you’re looking to get a leg-up on your competition while you look for work, start or contribute to an Open Source project that you are passionate about. Create software you love purely for the love of creating software.

      It’s got my foot in the door for several jobs I’ve had — both directly (i.e.: “we want to use your software and are hiring you to help us integrate it as our expert”; IBM even once offered a re-badged version to their customers) and indirectly (one Director I worked under once told me the reason they hired me was because of my knowledge and passion talking about my OSS project). And now as a manager who has to do hiring myself it’s also something that I look for in candidates (mind you, I also look for people who use Linux at home — we use a LOT of Linux in our cloud environments, and one of my easiest filters is to take out candidates who show no curiosity or interest in software outside whatever came installed on their PC or what they had to work with at school).

      • I guess that anyone who managed to make the effort to join Lemmy is already on the right track.

      • My own experience (being probably around your age) is that "Software development being fashionable" and hence there being a subsequent oversupply of devs, comes in cycles, with the peaks being roughly coincident with Tech bubbles.

        I remember that period in the mid and late 90s when being a software developer was actually seen as "a good career choice" as the industry was growing fast (with personal computers, then computing spreading into all sizes of companies and vusiness activities, then the Net bubble).

        Then the bubble crashed and suddenly it wasn't fashionable anymore. The outsourcing wave made it fashionable again but in places like India, because they were serving not just their own IT needs but also a big slice of the rest of the Anglo-Saxon world's, so the demand-supply over there was so inballanced that being a software developer was enough for a good house with servants in places like Mumbai. (I actually managed a small team based in India back then and I remember how most were clearly people who had no natural skill at all for programming). At the same time in those countries which were outsourcing to places like India, programming wasn't a good career choice (mainly because it was the entry level stuff that got outsourced) but if you were senior back then demand had never been as high.

        Then came a period of retrenchment of outsourcing because it wasn't that good at delivering robust software that does what the business needs it to do (the mix of mediocre business requirements and development teams which are in fact not even it the same company means that deliverables invariably don't do what the business needs them to do and the back-and-forth cycles needed to get it there take more time than it would if everything was in-house) and a new Tech bubble, so software development became fashionable again and once again people who would otherwise not consider it, were choosing it as a career.

        I think that what we're seeing now is the initial effects of the crash of the latest Tech bubble: the Stock Market might still be ridding its own momentum, but the actual people "at the coalface" are already reducing costs, plus the AI fad is hitting entry level positions like the outsourcing fad did, and probably it too will fade because AI "coding" has its own set of problems which will emerge as companies get more of that code and try and take it through a full production life-cycle.

        As for how you chose devs, I would say it's really just anchored on the eternal rule that "toolmakers make much better devs than tool users" - in my experience gifted devs tend be the ones who "solve their own problems" and for a dev that often means coding coming up with their own tool for it, either as a whole or as part of an existing open source project.

  • In case anyone is not aware:

    Are you currently employed?

    Have you actively sought a job in the last 4 weeks?

    If the answer to both of those questions is 'no', then congrats, according to the BLS, you are not unemployed!

    You just aren't in the labor force, therefore you do not count as an unemployed worker.

    So yeah, if you finally get fed up with applying to 100+ jobs a week or month, getting strung along and then ghosted by all of them...

    ( because they are fake job openings that are largely posted by companies so that they look like they look like they are expanding and doing well as a business )

    ... and you just give up?

    You are not 'unemployed'.

    https://www.bls.gov/cps/definitions.htm#unemployed

    You are likely a 'discouraged worker', who is also 'not in the labor force'.

    https://www.bls.gov/cps/definitions.htm#discouraged

    .........

    Also, if you are 5 or 6 or 7 figures in student loan debt, and... you can only find a job as a cashier? waiter/waitress? door dash driver?

    Congrats, you too are not unemployed, you are merely 'underemployed'.

    But also, if you have too many simultaneous low paying jobs... you may also be 'overemployed'.

    .........

    But anyway, none of that really matters if you do not make enough money to actually live.

    In 2024, 44% of employed, full time US workers... did not make a living wage.

    https://www.dayforce.com/Ceridian/media/documents/2024-Living-Wage-Index-FINAL-1.pdf

    (These guys work with MIT to calculate/report this because the BLS doesn't.)

    You've also got measures like LISEP...

    https://www.forbes.com/sites/chriswestfall/2025/05/27/stunning-unemployment-survey-says-millions-functionally-unemployed/

    Which concludes that 24.3% of Americans are 'functionally unemployed', by this metric which attempts to account for all the shortcomings of the BLS measures of the employment situation.

    Using data compiled by the federal government’s Bureau of Labor Statistics, the True Rate of Unemployment tracks the percentage of the U.S. labor force that does not have a full-time job (35+ hours a week) but wants one, has no job, or does not earn a living wage, conservatively pegged at $25,000 annually before taxes.

    So basically this is a way to try to measure 'doesnt have a job + has a poverty wage job'.

    https://www.lisep.org/tru

    .........

    A more useful measure of the actual situation for college grads, in terms of 'did it make any economic/financial sense to get my degree?' would be 'are you currently employed in a job that substantially utilizes your specific college education, such that you likely could not perform that job without your specific college education?'

    Something like that.

    It sure would be neat if higher education in the US did not come with the shackles of student loan debt, then maybe people could get educated simply for the sake of getting educated, but, because it does, this has to be a cost benefit style question.

    • sincerely, a not unemployed but technically 'out of the the labor force' econometrician.
  • In the 1970s companies started "Stack Ranking" all their employees and firing the bottom 10% in order to replace them or simply using their wages to pay CEOs more.

    Companies used to provide workers a pay related sense of justice, a career for life.

    Now the media will jump past all this to blame anything but the CEOs and failure of Government to reign in the wage gap via the force of law.

    • Companies used to provide workers a pay related sense of justice, a career for life.

      .... There was a period from the 1940s to the 1970s when this was more common-place. But historically this kind of cut-throat wage squeeze was very normal, particularly in the industrialized American north.

      One of the driving forces behind improvements in the American capitalist model, wrt pensions and professional job security and a regulated relationship between business and labor, was European Communism. The allure of the revolutionary communist reconstructions (and less revolutionary socialist rebuilds) drove some significant number of Western professionals into the waiting arms of Papa Stalin and a fair number more into large labor unions and socialist political ideologies.

      Without the USSR as foil to the capitalist system, there is less urgency among the capitalist class to negotiate with labor and less optimism among American workers to achieve some kind of superior economic position.

      That, combined with an absolute tsunami of corporate propaganda to brainwash civilian workers, a swelling pustule of a police state to cow the lumpen proletariat, and a Global War on Whatever to galvanize young liberals and conservatives alike against the phantom menace of foreign invasion, has supplanted any kind of negotiating between capital owners and their wage cuck workers.

      The only thing you have to hope for in the modern day is a big enough 401k such that you can live like a parasite rather than the host.

    • they are using the right wing blaming strategy: blames the student for choosing a "useless" degree, and not having 'CONNECTIONS'/networking, these basically are a form of Nepotism to be honest, not many people can get connections like that, and its based on "knowing a person of a person with said company that is friendly with a HR manager" i guessed correctly in another forum(indeed) that its around half when they decide if they want to hire you.

  • Kinda glad I took the community college IT/infra route when I went back to school a little bit ago, but still scared for the future lol.

272 comments