NEW: There’s been a lot of discussion lately about rising graduate unemployment. I dug a little closer and a striking story emerged: Unemployment is climbing among young graduate *men*, but college-educated young women are generally doing okay. www.ft.com/content/a9ea...
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In fact, young men with a college degree now have the same unemployment rate as young men who didn’t go to college, completely erasing the graduate employment premium. Whereas a healthy premium remains for young women.
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Is this data global? Because in the US, Section 174 of the tax code was removed in 2022, which meant R&D headcount was no longer tax deductible (more below). I have thought for a while now that was a large contributor to hiring issues, not necessarily AI. (174 was reinstated by Trump's Big Bill).
qz.comHow a tax code time bomb fueled mass tech layoffsA decades-old tax rule helped build America's tech economy. A quiet change under Trump helped dismantle it