[0] https://nces.ed.gov/programs/digest/d22/tables/dt22_322.10.a...
If we take things back to basics: supply and demand.
If your biggest cost is developer salaries, then making a huge supply of developers is the best way to suppress those wages.
I have long felt that the push to get women and minorities into coding was driven by this: to get as many people coding as possible so that supply was not constrained and developers could no longer name their price.
I do not believe that Sundar carries Sergei's principles of making people want to work at google for a long time; I think of him more like a businessman (same as Tim Cook, actually). No strong principles, just pushing the company forward.
For them the "company" is the C-Level and the branding and the partners. Not the employed.
They are literally the cause why fresh CS grad with 1 year of experience says no to a 140k salary in NYC/Boston. (at least before the first wave of layoffs)
I also found [2] that shows "computer and information science" graduates having a higher-than-average unemployment rate than other degrees. In 2018.
My anecdotal experience over the last 15 years as a person on the hiring side of the table is that my organization has received multiple qualified applicants for our open positions, several of who are almost always new CS grads looking for their first job. And my organization is in an area with multiple companies that hire software engineers and we typically pay somewhat below market. That experience makes me question if there is now (or even has been in that 15 years) an actual shortage of candidates for these types of jobs.
[1-pdf] https://cra.org/crn/wp-content/uploads/sites/7/2023/05/2022-Taulbee-Survey-Final.pdf
[2-pdf] https://nces.ed.gov/programs/coe/pdf/coe_sbc.pdfI would also argue that it's hard to predict what the market looks like 4 years into the future. That's a reality people should acknowledge when they start a CS degree, etc.
I am fortunate enough to have been educated in Europe and without any student debt. I can switch careers, without needing to keep income at a level to pay living expenses and loans.