52% of college grads are unemployed. This is why

@ivy_roadmap

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Why it worked

The video taps into a common anxiety about post-graduation employment and the value of a college degree. By presenting a relatable problem (unemployment, underemployment) and offering a seemingly straightforward explanation (lack of skills, inflated expectations), it resonates with a broad audience concerned about their future or the future of their children.

Summary

The video discusses the high unemployment rate among college graduates, attributing it to a lack of real-world skills and inflated salary expectations. It highlights the "reality gap" where graduates expect higher earnings than the market offers for entry-level positions, especially in smaller businesses that prioritize skills over degrees. The speaker, who owns a tutoring company, shares personal experience of having to fire recent graduates due to their unpreparedness.

Structure

1High unemployment rate for college grads
2Lack of preparation and inflated expectations
3The reality gap between college expectations and market value
4Small businesses prioritize skills over degrees
5Recent grads are under-equipped and costly to hire

Original caption

Why so many college grads can’t find a job 🤯 Many graduates simply lack the real-world skills employers are looking for. So if you’re in college, yes, focus on getting good grades—but prioritize building high-value skills too. And ask yourself how much debt you’re willing to take on. If you’re not sure what career you want, that might be a sign to avoid drowning yourself in student loans. See the FULL conversation on Episode 8 of the “Go Ivy or Go Free” Podcast w/ Hannah from @degreefree.co

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On-screen text

52% of college grads are unemployed. This is why I had to fire 3x as many people as I currently employ Companies have admitted that they are avoiding hiring recent grads And a lot of it has to do with just a complete lack of preparation for the workforce They have inflated salary expectations and when I say that, I know people get so mad at me, people get so mad at me about this "ahh livable" wage Guess what? The livable wage, the market value wage for the entry level work was the same before your kid went to college, and it's the same after they graduate. And what's going to happen is these poor grads and I do actually have a lot of compassion for them because they've been told their whole lives, the goal is college This is the North star, you get to college, you're going to be fine. They get in, the work sucks because it's entry level and it does suck And then they're not getting paid what they were told in college Because college creates something called the reality gap, which is the expectations of earnings for what college grads think they'll get because they went to college They think they're going to make 100 grand. They make like $30k If they're lucky. If they're even employed. Computer science has the smallest gap, but they're still off by about $10k, which is not a small amount of money. It's just the fact that these kids are being sent into a where they don't have the skills to command the wage that they need to pay off their loans. They're going to get off campus this carefully engineered bubble, where it's engineered to keep them buying degrees. Like, stay here It's nice here, right? They had freedom, they had flexible schedule, they would go do whatever. Now they have to go into an office, 9 to 5, sometimes more than that. They have to take $40,000, right? That's the median if they're employed, 52% of college grads are unemployed, even up to like five years after graduation. Many are underemployed up until 10 years after graduation. But then they get out and then they leave because the majority of employers in our country are not these big firms. It's not Black Rock. The majority of employers are small to medium-sized businesses. 80% of the jobs are small to medium-sized businesses. And they don't even care where you went to college. And they don't care if you went to college, they do not care. And so these kids are just going out into the market completely under-equipped and then they're going to cost these businesses a ton of money. And so you get burned by hiring that demographic. That is why grads are in such a poor position right now. It's been the last couple years of the survey where the employers were like we had to fire, 71% of them had to fire a recent grad. I own a tutoring company as well, separate from the advising that I do. had to fire about 3x as many people as I currently employ.

Transcript

I had to fire about 3x as many people as I currently employ. Companies have admitted that they are avoiding hiring recent grads. And a lot of it has to do with just a complete lack of preparation for the workforce. They have inflated salary expectations. And when I say that, I know people get so mad at me, people get so mad at me about this "ahh livable" wage. Guess what? The livable wage, the market value wage for the entry level work was the same before your kid went to college, and it's the same after they graduate. And what's going to happen is these poor grads and I do actually have a lot of compassion for them because they've been told their whole lives, the goal is college. This is the North star, you get to college, you're going to be fine. They get in, the work sucks because it's entry level. And it does suck. And then they're not getting paid what they were told in college. Because college creates something called the reality gap, which is the expectations of earnings for what college grads think they'll get because they went to college. They think they're going to make 100 grand. They make like $30k. If they're lucky. If they're even employed. Computer science has the smallest gap, but they're still off by about $10k, which is not a small amount of money. It's just the fact that these kids are being sent into a where they don't have the skills to command the wage that they need to pay off their loans. They're going to get off campus, this carefully engineered bubble, where it's engineered to keep them buying degrees. Like, stay here. It's nice here, right? They had freedom, they had flexible schedule, they would go do whatever. Now they have to go into an office, 9 to 5, sometimes more than that. They have to take $40,000, right? That's the median if they're employed, 52% of college grads are unemployed, even up to like five years after graduation. Many are underemployed up until 10 years after graduation. But then they get out and then they leave because the majority of employers in our country are not these big firms. It's not Black Rock. The majority of employers are small to medium-sized businesses. 80% of the jobs are small to medium-sized businesses. And they don't even care where you went to college. And they don't care if you went to college. They do not care. And so these kids are just going out into the market completely under-equipped. And then they're going to cost these businesses a ton of money. And so you get burned by hiring that demographic. That is why grads are in such a poor position right now. It's been the last couple years of the survey where the employers were like we had to fire, 71% of them had to fire a recent grad. I own a tutoring company as well, separate from the advising that I do. had to fire about 3x as many people as I currently employ.