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Comment by yangikan | Hacker News Reader

The high salaries commanded by FAANG engineers right out of college motivated a lot of students to take up computer science as a major and this led to a massive oversupply. It might take a few years to cool.

https://www.wsj.com/lifestyle/careers/computer-science-major...

"Between 2018 and 2023, the number of students majoring in computer and information science jumped from about 444,000 to 628,000."

Around 40% of MIT graduates are now in CS https://alum.mit.edu/slice/conversation-new-computing-dean-a...

Further, COVID has reduced a lot of friction for remote work, so now there is also global competition for these jobs.

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MIT graduates are not going to be struggling for anything, much less for new grad jobs. They're among the most privileged humans to exist on earth by nature of their degree and admission.

Corollary: if MIT graduates are struggling to find jobs, the market conditions must be really bad for graduates.

I challenge the premise. They’re doing fine. They’re getting $600k a year to work at OpenAI and HRT

Or working at cable companies watching for alien timing signals.

I appreciate your point, and don't necessarily disagree. However, I think it is rough out there even for ivy graduates.

We have an intern from an Ivy (not MIT) that isn't getting an offer simply because my company doesn't want to hire in the US right now. They are great to work with, knowledgeable, but have no future here. They have been shopping around, and a lot of people on the team have been trying to find a place for them to go in their network, but no one is biting.

I wouldn't be so sure.

What’s the details here? Seems like they’re getting the same elite jobs as always and think of people like me as insects/“NPCs” that have no merit?

they should eat lazily applied adjectives!

This kind of "nothing can happen to this group because they have these advantages" line of thinking has causation backwards. They are privileged because they historically haven't struggled. The privilege doesn't preclude struggle, the privilege results from lack of struggle in the past. Times change.

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