The job market is AWFUL for my generation, and pretty much always has been since we entered the workforce.
Unemployment might be low if you think that folks with advanced STEM degrees can go and get a part time gig at McDonald's.
If you look at meaningful employment - where one can make enough to live near where they work, save a bit, pay food/rent, and spend a bit for their leisure or health, well....no we are not over-employed. We are in a death spiral.
You seem to be mostly making a cost of living argument, with which I wouldn't disagree. But you can't employ/pay your way out of those costs, the problem is on the supply side. So that seems spurious to an employment rate conversation.
I am slightly older than you, and literally don't know a person who isn't employed and doing well (including plenty your age and younger), though I am aware they exist.
It's almost like anecdotal reports are meaningless, and we should rely on well sourced data to determine how things like the economy are doing.
Spoiler alert: there is no indication we are in a death spiral, though in my opinion Trump seems to be doing his best to correct that. Fortunately, I don't think he's up to the task.
I founded a company partially because I spent 2 years on the job hunt and got absolutely nothing. So yeah, here's one example of someone who isn't doing well - me.
I was doing terribly. Honestly, I still am. I've just been fortunate enough to have conceived a product some people in my city want. Will the business scale and succeed? I hope so, because I'm fucked if it goes south.
And yes, anecdotal data sucks. But I'd take that over whatever bullshit the Trump administration says. Especially after they fired the BLS statisticians.
LinkedIn applications, applying to every PM role available in my metro area that I could, attending as many tech & startup events as I could. I got to know the main writer of the local startup/tech news aggregator pretty well and would pester him regularly for contacts at new local companies that he's talking with. I was active in my city's tech Slack/Discord community.
I do have a degree albeit on not in STEM. Also have an advanced degree (also not STEM) that helped the company I was with from 2018 until 2021.
See my above post. Basically, tons of applications, going to networking events 2-3x a week, being active in local tech Slack/Discord groups, bothering the lead writer of the local tech/startup newsletter, etc.
I'd like to back you up and point out that I've considered doing the same. If VCs will throw money at anyone promising to advance the SOTA in AI, and I can promise that, why am I bothering to keep looking for research positions or with a financially flailing industry employer?
Fair enough. My product is very much non-tech (CPG - beverage). But you're right that VCs are still throwing money around like its the ZIRP days. If you have an idea, go for it.
The job market is AWFUL for my generation, and pretty much always has been since we entered the workforce.
Unemployment might be low if you think that folks with advanced STEM degrees can go and get a part time gig at McDonald's.
If you look at meaningful employment - where one can make enough to live near where they work, save a bit, pay food/rent, and spend a bit for their leisure or health, well....no we are not over-employed. We are in a death spiral.