24 July 2023

Gen Z versus the Reality of the Job Market

Thank a teacher, or a counselor, for their being completely out of touch with what they can expect to make. From Lawrence Person's BattleSwarm Blog we get the following. College Kids: “I’ll Be Making A Six-Figure Salary When I Graduate!” Reality: “LOL!”

There’s a difference between “young and naive” and “young and stupidly naive.”

Today’s college jkids thinking they’re automatically going to make six-figure salaries thanks to their college degrees is the latter.

There is a clip from a Dave Ramsey show, that I don't particularly like. It adds very little to the conversation. So instead I went looking for an underlying article; I found one from August of last year. Gen Zers Think They’ll Get a Six-Figure Salary Right Out of College

It makes more sense that they are willing - or can be duped - into taking on $100,000 in debt, or more, if they think they're going to make this much. They aren't.

Even the folks with degrees in Computer Science think they will be starting with $95,000 will face a median income of $75,000. Some of the more liberal-arts degrees are even more off... Journalism/Communications majors thought they would be earning over $107,000 when they would in fact be looking at a median income that is a bit less than $45,000.

That is a tremendous disconnect with reality. Fostered, I have no doubt, by counselors, teachers, and colleges who need all of those students to keep their lifestyle afloat.

When you start talking about what they might be making 10 or 15 years after graduation, the disconnect from reality is even worse.

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