(ZeroHedge)—The widening mismatch between an oversupply of college-educated workers and a deepening shortage of talent for non-degree, hands-on jobs has grown even more pronounced.
Bloomberg reports that the latest delayed BLS data shows a sharp deterioration in white-collar jobs, especially those holding four-year degrees, now making up a record 25% of all unemployed – or about 1.9 million folks, the highest level since 1992.
The unemployment rate for bachelor’s degree holders climbed to 2.8% in September, while joblessness for other education groups remained relatively the same. Young degree-holders are getting squeezed the most: unemployment for ages 20 to 24 jumped to 9.2%, an increase rarely seen outside recessions.
The jobs data builds on our note last week, citing Goldman analysts led by Evan Tylenda, who spoke with labor demographer Ron Hetrick.
Their discussion highlighted an alarming shift in the labor market: an oversupply of college graduates and a shortage of non-college-degree technical workers.
ZeroHedge Pro subscribers can read the full note in the usual spot. It offers key understandings of the shifting labor market ahead of the 2030s.
Palantir CEO Alex Karp recently had an epic quote about this emerging labor market mess :
The average Ivy League grad voting for this mayor is annoyed their education is not that valuable, and that the person who knows how to drill for oil has a more valuable profession.
I think that annoys the f*ck out of these people.
The education industrial complex has spent more time transforming kids into Marxist activists than preparing them for future labor market shifts. Now, these purple-haired degree holders are entering a shrinking labor market, and companies view these kids as giant liabilities.
It’s time for young people to consider avoiding overpriced college. Perhaps time to learn an actual skill that makes you valuable, one that lets you remain productive before automation and AI sweep the labor market, such as building data centers or working on natural gas turbines.
Bypass Big Tech Censors
Why One Survival Food Company Shines Above the Rest
Let’s be real. “Prepper Food” or “Survival Food” is generally awful. The vast majority of companies that push their cans, bags, or buckets desperately hope that their customers never try them and stick them in the closet or pantry instead. Why? Because if the first time they try them is after the crap hits the fan, they’ll be too shaken to call and complain about the quality.
It’s true. Most long-term storage food is made with the cheapest possible ingredients with limited taste and even less nutritional value. This is why they tout calories so much. Sure, they provide calories but does anyone really want to go into the apocalypse with food their family can’t stand?
This is what prompted the Llewellyns to launch Heaven’s Harvest. They bought survival food from multiple companies and determined they couldn’t imagine being stuck in an extended emergency with such low-quality food. They quickly discovered that freeze drying food for long-term storage doesn’t have to mean sacrificing flavor, consistency, or nutrition.
Their ingredients are all-American. In fact, they’re locally sourced and all-natural! This allows their products to be the highest quality on the market, so good that their customers often break open a bag in a pinch to eat because they want to, not just because they have to due to an emergency.
At Heaven’s Harvest, their only focus is amazing food. They don’t sell bugout bags, solar chargers, or multitools. They have one mission – feeding Americans in times of crisis.
What they DO offer is the ability for people to thrive in times of greatest need. On top of long-term storage food, they offer seeds to help Americans for the truly long-term. They want them to grow their own food if possible which is why they offer only Heirloom, Non-GMO, Non-Hybrid, Open-Pollinated seeds so their customers can build permanent food security on their own property.
