"The Dow crossed 50,000 last week, but unemployment for college grads age 22 to 27 hit 5.6% in December, matching recession levels. Despite popular beliefe, the culprit isn't AI. It's a massive mismatch between what colleges produce and what employers need, reports The Wall Street Journal. Many grads lack basic skills employers demand, having skated through credential mills that hand out A's for minimal effort. Meanwhile, 31% of small business owners have job openings they can't fill, mostly in skilled trades."
"The labor market is top heavy with heavily credentialed workers who have less work experience and are often less productive than older counterparts. Some relied on AI tools like ChatGPT to complete coursework and struggle when those crutches disappear. Employers report continued challenges finding skilled labor in engineering, healthcare, and trades, while rote work that college grads can do may soon be replaced by AI anyway."
The Dow crossed 50,000 last week while unemployment for college graduates aged 22 to 27 reached 5.6% in December, matching recession levels. A large mismatch exists between college outputs and employer needs, leaving many graduates without basic workplace skills. Credential mills often award high grades for minimal effort, producing underprepared candidates. Thirty-one percent of small business owners have job openings they cannot fill, primarily in skilled trades. The labor market is top-heavy with credentialed workers who lack experience and can be less productive than older counterparts. Employers face shortages in engineering, healthcare, and trades while routine tasks may be automated by AI.
Read at Entrepreneur
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