Re:HP to cut 25-30k jobs
by ZanyProgrammer on Wednesday September 16, 2015 @10:45AM
(#10226964)
Maybe if you are under 30, look like Mark Zuckerberg, and have a CS degree from Carnegie Mellon or Stanford.
Can you give sources for your stats? For instance, when I looked at the BLS for the unemployment rate for people with four year degrees this morning, it did not appear to be U6 (which was listed as a separate metric) and furthermore only accounted for people who were at least 25 years old.
I think that it's reasonable to assume that the average college grad is < 25, so that statistic doesn't necessarily reflect the experience of the recently graduated.
If you take people with high school or higher education who are > 25, there are 5.5 million unemployed. I'd be curious to know what that number changes to if you lower the age to 22 or so.
I remember reading somewhere that it's a bit different for the over 50 crowd, even for PhD's.
There is definitely a higher expectation for someone over 50 and with someone with an advanced degree. It's both unfair and understandable because the subconscious implication is experience and advanced degrees cost more, so they will be subject to intense scrutiny to make sure paying someone a premium is worth it. Basically, a guy over 50 with a PhD better be a convincing Donald Knuth or good management material.
Also, I think team leads tell themselves they can mold young developers in their image. Not only are you getting a developer at a discount, you're getting a potential clone. What's not to love?
There are ~5.8 million job openings as of the end of July. The highest level maybe in 15 years [1]. The unemployed worker per job opening ratio is also at the lowest in 15 years [2]. The U6 unemployment rate for people that have some college is 5.x%; the unemployment rate for people with a four year degree is 2.x%. There have been eight million full-time jobs added in just four years.
The challenge, as always, is finding the job you want, at the salary you'll accept, matching skills you possess. I'd argue there are plenty of job openings in technology and sales.
[1] http://i.imgur.com/imAwheB.png
[2] http://i.imgur.com/2jQ4uaR.png