News College grads of 2020 and 2021 are going to have a much harder time getting a job than thought of in 2020.

Amol S.

Platinum Member
Mar 14, 2015
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College grads of 2020 who are unemployed and trying to get a job, like me, are going to face a much harder time. The same will be for grads of 2021. The pandemic had hit at such a time in the year, that by the time everything is expected to open up, the class of 2021 would be just graduating. This means that two college grad year batches are going to be competing for their first job. It also makes it harder for those grads that never had an internship, as they are now more likely to be over looked.

Furthermore, if another wave seen in last summer was to occur again it would have a very disastrous effect. In fact, many job market research analysts are saying the best that any grad without any work experience from 2020 or 2021 can do, is to create their own experience. However, this requires one to keep in touch with their connections, and have a vast amount of connections. Those who are introverts might have a hard time accomplishing such tasks. During the pandemic, GitHub has seen an increase in contribution activity.

Some large fortune 500 companies are currently mostly hiring from their Winter 2020 and Spring 2021 intern cohorts. These hires range from 50% to even 80% of individuals that company have recently hired. This in fact is being more visible in STEM, where hiring staff interviewed have said they actually like hiring interns and giving them job offers, and are trying to expand the number of internship opportunities available to current college students.

Job market research analysts are also saying, in regards to those who have graduated in 2020 or will be graduating in 2021 with no work experience and are currently unemployed, will probably face issues with their salary and wages after they get their first job. The analysts estimate these issues may last for at least 10 years after they got their first job. This is similar to the situation faced by those in the 2007-2009 financial crisis.

The main slowdown to hiring has actually been attributed to not only people being hindered as to what the jobs require of them, but rather what are the qualifications of the applicants that are now applying. The rate at which job positions are opening up is in fact extremely more rapid than the rate at which job positions opened up after the 2007-2009 financial crisis. In fact, the rate exceeds even pre-pandemic levels. This is causing the skills gap issue that existed even before the pandemic, to become even more visible than it was before.

Sources:



 

Zorba

Lifer
Oct 22, 1999
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This is why people need to get internships in College.

But this is a fact of life, people graduate into recessions every time there is a recession or major industry shift. When this happens the more marginal hires have a hard time finding a job.
 
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Amol S.

Platinum Member
Mar 14, 2015
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This is why people need to get internships in College.

But this is a fact of life, people graduate into recessions every time there is a recession or major industry shift. When this happens the more marginal hires have a hard time finding a job.
The problem is with the following true equation:

# of college students > # of internships available
 

Zorba

Lifer
Oct 22, 1999
15,613
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The problem is with the following true equation:

# of college students > # of internships available
Yup, life is a competition. But also more internship spots go empty than you'd imagine, and people can still get unpaid internships.

At the end of the day, when demand is low, the less attractive products have a heard time selling. This has also happened many times in the past and will continue to happen in the future and yes it'll effect these people for years to come.

I was the right age that a lot of my friend's parents graduated into Oklahoma's oil bust and took years to get jobs even somewhat related to their engineering degrees.

Meanwhile, my company is raising starting salaries because we can't get people to accept our engineering spots at a major aerospace company. So I have my doubts things are that bad out there for new engineers that know how to apply and interview well.
 

Amol S.

Platinum Member
Mar 14, 2015
2,546
766
136
Yup, life is a competition. But also more internship spots go empty than you'd imagine, and people can still get unpaid internships.

At the end of the day, when demand is low, the less attractive products have a heard time selling. This has also happened many times in the past and will continue to happen in the future and yes it'll effect these people for years to come.

I was the right age that a lot of my friend's parents graduated into Oklahoma's oil bust and took years to get jobs even somewhat related to their engineering degrees.

Meanwhile, my company is raising starting salaries because we can't get people to accept our engineering spots at a major aerospace company. So I have my doubts things are that bad out there for new engineers that know how to apply and interview well.
You work for Boeing?
 

Ajay

Lifer
Jan 8, 2001
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But this is a fact of life, people graduate into recessions every time there is a recession or major industry shift. When this happens the more marginal hires have a hard time finding a job.

That happened to me (30+ years ago). I thought I could ride it out as I had been accepted into an EE masters program. The recession hit, the university faced cutbacks. I lost my TA position and it was too late to apply for a student loan. I picked up a temporary job as a technician, but after that it was bupkis. A hundred resumes plus door to door job hunting netted me nothing. So I do sympathize with today's college grads. Only thing I can say is hang in there; don't give up and take any job you can get until you land the job you want. I picked up little jobs like house sitting, washing cars, minor construction, etc - kept some money in my pocket and kept me sane.
 
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nOOky

Diamond Member
Aug 17, 2004
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Well, restaurants are hiring. This highlights how if we had just closed the border by building a big, beautiful wall, there would be so many labor positions unfilled that a bright young college grad could literally chose the type of vegetable they'd like to pick for 10 hours a day in the hot sun. If we'd only opened up the economy last Easter and just let herd immunity have a chance through unfettered access to the covid virus we would have so many job openings now due to the die off of older folks.

So many missed opportunities for you young college grads, I feel for you. But hang in there and be persistent, you'll land on your feet!