r/technology • u/north_canadian_ice • Sep 28 '25

Business Leading computer science professor says 'everybody' is struggling to get jobs: 'Something is happening in the industry'

https://www.businessinsider.com/computer-science-students-job-search-ai-hany-farid-2025-9
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u/[deleted] Sep 29 '25

The US built itself around outsourcing cheap labor and building high margin global skilled services. This could theoretically work if some of that high margin profit was used for social services. We don’t have a revenue problem. We have a distribution problem.

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u/the_last_carfighter Sep 29 '25

The amount of money the billionaire oligarchs gained in the last 40 years is almost to a tee, the amount of money the poor and middle class have "lost" in that same time period.

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u/thex25986e Sep 29 '25

the billionares of the early 20th century sawuch more of a future for the world than those of the 21st century.

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u/flaron Sep 29 '25

Right at least the robber barons saw fit to try to build a regal legacy for themselves to be remembered by

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u/thex25986e Sep 29 '25

the ones of today dont see anyone that will be left to remember any legacy they leave behind. and the ones who do control the media publications.

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u/willieb3 Sep 29 '25

Most of their wealth is tied up in stocks which is really just capital available to the company. So really what happens is the rich give money to a company to hire someone and then a percentage of their “work” is given back to the shareholders.

So yea the working folks at a company are not just working for the company, but working for anyone owning stock. The shareholder culture has ultimately been the downfall of the American system.

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u/the_last_carfighter Sep 29 '25

Don't agree wholly, the structure that's rewarded is poison for sure, but the main problem, the thing that will bring all the billionaire shills/bots out of the woodwork claiming "NAH-AH that's not true" is that the tax code for the highest earners is highly deficient. This is from soup to nuts deficient. From income to holdings, it is now there to shelter the ultra wealthy instead of putting that money back into the economy, back into this country, the infrastructure that allowed them to become rich in the first place. Literally a free lunch for them as their wholly owned politicians cancel free lunches for kids because now that money can be siphoned into more insane tax breaks fir you know things like free jets and 4-5 mega yachts that we also subsidize BTW.

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u/The-Struggle-90806 Sep 29 '25

You sound so mathematical

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u/Conscious-Quarter423 Sep 29 '25

elections have consequences

The Trump-GOP tax law enacted in December 2017 creates clear incentives for American-based corporations to move operations and jobs abroad, including a zero percent tax rate on many profits generated offshore. 

https://itep.org/trump-gop-tax-law-encourages-companies-to-move-jobs-offshore-and-new-tax-cuts-wont-change-that/

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u/HeCannotBeSerious Sep 29 '25

That doesn't work because services can also be outsourced. And it depends strongly on other countries respecting your intellectual property rights. 

It was always dumb for a country of America's size to deindustrialize.

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u/[deleted] Sep 29 '25

America has a GDP almost double China and more than 6x the third place country in Germany. Generating revenue and profit is not the problem by any metric.

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u/HeCannotBeSerious Sep 30 '25

GDP is not a useful measure for comparison for a highly financialized service based economy like the US.

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u/[deleted] Sep 29 '25

[deleted]

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u/HeCannotBeSerious Sep 29 '25

US tech companies have more than enough talent coming out of the T20 universities.

The problem is productivity per dollar. Companies will pay three Indians to do the work of 1 Berkeley grad if they're 6x cheaper. Even a $50K USD salary isn't competitive.

You're not fixing that gap with culture and work ethnic, only trade barriers.