New college grads, those aged 22-27, who studied computer science, are just as likely to be unemployed as those who studied the fine arts, according to the latest New York Federal Reserve analysis.
The irony.
Most families expect that any studies remotely related to technology translates to unequivocal and continuous employment throughout one’s lifetime. Conversely, both parents and students often avert any fine arts studies, holistically and unequivocally believing in the myth of the starving artist, one constantly suffering in the name of creativity and dying a pauper.
While 5.5% unemployment for both fine arts and computer science degree holders is reflective of the current US national unemployment rate of 5.9%, computer science grads are in the top ten highest unemployment amongst all new college grads. As more computer science graduates enter the job market, employers can be picky about who they hire, resulting in increased unemployment rates regardless of the number of computer-related jobs available.
Like in any industry, where potential employees are a dime a dozen, those with an inherent ability are most likely to outcompete other applicants. And, employers, concerned about the expense of hiring then firing someone, want employees who can not only do the job but enjoy their jobs—aka as discovering inherent ability— and add to the profitability of a company.
Thus, the cautionary tale for college students, college applicants, and those younger students seeking college “to get a good job”, know your aptitude. Engage activities to further discover the nuances of your aptitude. Then, choose a college where you’ll most likely learn more about your aptitude, finally graduating and finding both lasting economic utility and peace of mind.
Since 2003, Creative Marbles Consultancy’s experts, educators by training and temperament, have advised thousands of families to help unleash their student’s potential. Find us at creativemarbles.com for details how we can help your family.
