

I’d like not to thank the academy: graduates’ fortunes slip
83 snips Jun 19, 2025
Oliver Carroll, the Ukraine correspondent for The Economist, dives into the mounting challenges faced by recent graduates, questioning the value of a university degree in today's economy. He discusses the impact of AI on job prospects and a possible rise in political unrest due to economic struggles. Switching gears, Carroll provides insights on the ongoing conflict in Ukraine, particularly in Sumy and Donetsk, highlighting the complex strategies at play. The conversation wraps up with intriguing recommendations for 2025 holiday reading to spark curiosity and debate.
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Decline of Graduate Job Advantage
- University degrees no longer guarantee better job prospects in rich countries. - Young graduates face unemployment rates equal to or higher than the average population.
Skills Gap Between Grads Shrinks
- Employers now find skills of grads and non-grads more similar due to widespread digital literacy. - This reduces demand for graduates, especially in service-sector jobs.
Graduate Job Struggles Predate AI
- Job market struggles for graduates began before AI's rise. - Trends causing graduate unemployment started in the 2010s, not due to AI like ChatGPT.