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A comment on 23% of bachelor's degrees and 43% of master's degrees have a negative ROI. Parent comment

Re:23% of bachelor's degrees and 43% of master's degrees hav... by dtech on Sunday May 12, 2024 @08:14AM (#40333809)
There's one thing you're missing here, and that is as women make up a larger percentage of an occupations' workforce, the wages start to go down with it, which is what happened or is happening with e.g. doctors and teachers.
[ Parent | on HN ]
Re:23% of bachelor's degrees and 43% of master's degrees hav... by imtringued on Sunday May 12, 2024 @08:29AM (#40333896)
Do you really expect employers to use their increased bargaining power in favour of workers? Of course doubling the number of workers in an industry is going to lower wages.
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Re:23% of bachelor's degrees and 43% of master's degrees hav... by uptime on Sunday May 12, 2024 @11:01AM (#40335040)
How are you relating this to the thread? Maybe you mean it takes time for capital to lower everyone’s income when market competition increases, the actual details of the excess humans matter less and less each year.

Artificial protection and gatekeeping by ordinance are there to protect those who got there first. Then we can blame others: women or immigrants etc, for wage depression. Unions do this less but still favor those who organized first.

If capital gets to hire for less, say that. Maybe the opportunity was an increase in certain pop segments, but they dont make wages go down. The people who pay wages do.

[ Parent | on HN ]