Economic News

  • Thread starter Thread starter nycfan
  • Start date Start date
  • Replies: 2K
  • Views: 123K
  • Politics 
Persistent jobless claims at a multi year high, a shocking drop in personal income, and a significant downward revision of first quarter gdp, but the market goes up, baby!
 
I was talking to a friend recently who just graduated with a comp sci degree. He was saying how hard a lot of kids in his cohort were pushed into the field because it was “the future.” Now, a lot of these entry level comp sci jobs are just being made irrelevant with AI.
My oldest just graduated high school and at a senior awards event, I was stunned how many kids walked across the stage and they announced they would be majoring in computer science. Seemed like parental malpractice….
 
I was talking to a friend recently who just graduated with a comp sci degree. He was saying how hard a lot of kids in his cohort were pushed into the field because it was “the future.” Now, a lot of these entry level comp sci jobs are just being made irrelevant with AI.
Computer science is far too broad, I know that at GT there are now multiple pathways and specialities under Computer science. Anyone i speak with I recommend internships. They are invaluable in networking, learning business, and providing experience needed to land that first job.
 
Persistent jobless claims at a multi year high, a shocking drop in personal income, and a significant downward revision of first quarter gdp, but the market goes up, baby!
I think the market went up on the TACO trade when Bessent said he was extended the trade deal deadline until September
 
Let’s not forget: the rush into comp sci wasn’t just trend-chasing, it was manufactured. The tech industry pushed the “learn to code” narrative hard, not to empower kids, but to flood the labor market and drive down wages. Now AI is automating the exact entry-level jobs they trained for.
Oh fuck off with this bullshit. Again you don't know what you're talking about. My sister in law teaches comp sci. She encourages everyone she can to go into comp sci (or did), and not because she's sold out to tech. Her politics are more like yours than mine, though she lives in reality all the time as opposed to flittering in and out.
 
Yep. I’d give some slack to the parents and teachers because they’re just doing what they think is prudent without fully understanding what’s going on/what’s coming down the pike.

Let’s not forget: the rush into comp sci wasn’t just trend-chasing, it was manufactured. The tech industry pushed the “learn to code” narrative hard, not to empower kids, but to flood the labor market and drive down wages. Now AI is automating the exact entry-level jobs they trained for.
I am just a simple unfrozen caveman lawyer. I fell on some ice thousands of years ago and later got thawed out by some of your scientists. These small machines called computers frighten and confuse me. I worry that humans who operate and control these machines may be replaced by what is called artificial intelligence. It is too much for one unfrozen caveman lawyer to absorb.
 
Today was a good day, for me.

But it's all over the place, you don't know what to expect from day to day.
I’ve taken some smaller gains than what the market has bounced back but I’ve been bearish since Trump won. I think the market is overpriced, tariff impact has yet been taken root and it gives me peace of mind. I never know what he will do.
 
Back
Top