Why Your College Degree Is Worth Less Than Ever
(00:00.49)
is AI killing college graduates? Not killing in the Terminator sense, know, dun dun dun dun, but it’s most certainly killing jobs. No doubt about that. And again, this is another, see, I told you so moment. We’ve been warning about this for some time. This is why we’ve spent lengthy, lengthy periods of time on the podcast, on the radio show, trying to explain.
If you’re going to college, you better be going for a reason. You better be going for a reason. It better be a good one. And you better make sure you better make sure that that, you know, career that you were hoping on isn’t going to get replaced by a computer, by AI. Wall Street Journal today, again, watchdog on Wall Street Echo Chamber. What do you hire a 22 year old college graduate for these days?
For a growing number of bosses, the answer is not much. AI can do the work instead. At Chicago recruiting firm, HireWell, marketing agency clients have all but stopped requesting entry level staff. Young grads once in high demand, but whose work is now a home run for AI. The firm’s chief growth officer said, dating app grinder, hiring more seasoned engineers, foregoing some junior coders straight out of school.
Companies are going to need less and less people at the bottom and they go on and on and on. You know, having a good job guaranteed after college. I don’t think that’s an absolute truth today. And again, it’s kind of interesting, you know, eventually a lot of this entry level work grunt work that you did when you were out of college led to, you know, better opportunities down the road. You’re getting the training down there, getting the experience down there again.
who’s gonna fill those spots later on. Some of the things that I tried to explain here on the program, again, the importance of being able to be in front of others. You have to. I basically tell this to my kids, I tell this to my interns, I tell it to you, I try to reiterate the point.
(02:27.874)
You know, stop carrying your phone around like this all the time with your head down. Okay. Pick up a book. Pick up a book. You know, put down, put down Love Island and the other BS that you’re watching on TV. Pick up a book. Become well-rounded, become educated in a myriad of things. Be able to hold yourself in a conversation. Stay off the social media. You’re competing. The competition has gotten that much tougher. Okay.
You’re gonna have to improve yourself. Differentiate yourself from everyone else. It’s like a business. You’re a business. The business of you. You’re fighting for jobs that are out there. You got yourself a college degree, you got student loans. What is gonna make you different? Oh, you’re gonna be like everybody else, the rest of the sheep. I’m on my phone again. Don’t do that. Sectors.
where graduate hiring has slowed the most, information, finance, insurance, and technical service. Again, those industries are growing, but they’re not hiring as much. I’ve talked about this for some time, saw it coming. You’d have several recent college grads in the world of finance, putting a prospectus together, take them a couple of weeks to do it. AI can do it.
in less than a day, then you have somebody go and check their work. I keep trying to get across to people and again, way that you, there’s a myriad of things, the way you hold yourself, the way you dress, the way that you speak. These jobs, if you’re have to be in front of somebody, they’re never going to go away. Okay, they’re just not. They’re not going to go away and again, you have to get yourself
you know, up the speed and start thinking a little bit differently. You know, again, jobs that were there are no longer there and many of them are just not coming back. Will new jobs be created? Yeah. Yeah, they will. That’s your job to go out and get them. And again, one of the best ways, best ways of doing it, okay.
(04:52.396)
differentiate yourself in every way, shape, manner, form. Even the column today in the Wall Street Journal talking about interpersonal skills, things like that. I often said that, you you have to make yourself in any job that you have, got to pay attention to this, you got to make yourself so valuable to the employer that there’s no way they’re going to ever want to get rid of you. How do you go about doing that? Whatever job that you have, you got to make sure that you are putting more money
more money into the pocket of your boss, the company you work for, you’re not gonna go away.
Yeah, in the same way, in the same way you’re kind of taught, you know, let’s say if you are, you know, survival skills, okay? Survival skills, they’re teaching you again, you know, where to sit in a room, you walk into room, you eyeball the exits, you know, you kind of like, you know, want to be a little, you know, Jason Bourne something, you’re aware of your surroundings, okay? Something I think everybody should do. You got to be aware of the surroundings in whatever company that you work for.
and don’t lie to yourself. Am I replaceable? Could a I replace me? Ask yourself that question. And if the answer is, I don’t know, I’m not sure, again, you’re coming up with that in your mind, you better do something to make yourself irreplaceable. Watchdog on wallstreet.com.