So much talented youth going to waste. Smh. 😤 View quoted note →

Trust me. It's not just Japan and China. This is a global phenomenon. I live in the U.S. and there are plenty of college grads who are working jobs for pay that is well below the minimum wage.

What's even worse is that plenty of these graduates who did land decent paying jobs are now beginning to get laid off in staggering numbers.

This happened because university graduates are not producers, not thinkers, not creators. They are (in the words of Ayn Rand) second handers. It’ll happen everywhere, soon enough, when the fake abundant money dries up. The tide is going out. We are about to see who is swimming naked. Everyone should be asking themselves what real skills they have to offer the world? Paper pushing is NOT a real skill so there goes all of Govt and most of corporate management. A real skill is the ability to achieve something that is a net positive, tangible and long lasting. Building a house that will fall to pieces in 25yrs is NOT a real skill. Building a house that will still be standing in 100plus years is. Producing an item of fabric/clothing that will only last a few wears is NOT a real skill, producing fabric/clothing that will still be wearable in 5years is.

Couldn't agree more. This isn't the case for all graduates. But, the vast majority? Most certainly. The below number will only continue to rise over time.

Layoffs.fyi

Layoffs.fyi - Tech Layoff Tracker and DOGE Layoff Tracker

[LIVE] Tracking all tech startup layoffs — and lists of employees laid off — since COVID-19. This page is constantly being updated.