Keep pulling the thread on Noam Scheiber.
Research from economists at the Federal Reserve Bank of St. Louis found that the lifetime return on a college degree has been steadily dropping generation by generation when student debt is included.
For Black individuals born in the 1990s, the lifetime financial return on a college degree is indistinguishable from zero once student debt is factored in, according to research from the Federal Reserve Bank of St. Louis.
Over the past three to four years, Facebook, Amazon, and Google have laid off tens of thousands of employees.
Data from the New York Fed shows that the number of good-paying, non-degree jobs began to decline rapidly around 2002-2004 and never recovered, even 10 years after the Great Recession.
The Biden administration attempted to implement a broad student loan forgiveness program.
The college wage premium, which is the amount more a person with a degree makes compared to a high school diploma, flattened out and began declining before the 2008 global financial crisis.
As early as 2017-2018, fashion buyers at large retailers like Nordstrom and Bloomingdale's were using AI to anticipate fashion trends, a task that was previously a high-paying human job.
Over the past 10 to 20 years, major pharmacy chains Walgreens and CVS have massively acquired independent pharmacies, contributing to industry consolidation.
The percentage of the US population with a four-year college degree increased from the low 30s to nearly 40% over the last 10 to 15 years.
According to labor economist Larry Katz of Harvard, the wage premium for college graduates began to show significant heterogeneity starting in the early to mid-2000s, with the specific school and major becoming much more important factors in earnings.
Public opinion polls typically show that 67% to 70% of Americans support unions, yet only about 10% of American workers are union members.
The job of a web developer has become increasingly commodified over the past 10 years, transitioning from a seller's market with high salaries to a buyer's market where talent can be hired from countries like Poland or Ukraine.