All articles tagged with #employment rates
The value of a computer science degree as a direct path to employment is declining due to reduced entry-level hiring in tech companies and increased automation of basic coding tasks by AI, leading to higher unemployment rates among recent grads and a shift in hiring practices that favor upskilling and AI fluency.
The decline in employment among young men in America may be partly due to the unemployment-insurance system's "experience rating," which increases taxes for employers who lay off workers. This system makes employers hesitant to hire young men, who are often seen as riskier hires. The experience rating was implemented nationwide in the mid-1980s and has been linked to higher unemployment rates for young men, particularly in economically vulnerable industries. Addressing this issue may require policy changes to the unemployment insurance system.