the unemployment rate for recent college graduates rose to 5.6%, while the underemployment rate (the share of graduates working in jobs that typically do not require a college degree) reached 42.5%
5.6%的失业率和42.5%的低就业率是衡量应届毕业生就业状况的重要指标。这一数据来自纽约联邦储备银行，具有较高的可信度。42.5%的低就业率是自疫情以来的最高水平，表明高等教育文凭的价值正在受到挑战。这些数据与AI对初级工作的影响可能相关，但文章也指出不能确定AI是唯一原因。
The simple truth could be that coding skills are no longer a guarantee of a job. That may help to explain the drop-off of computer science majors at schools around the country.
大多数人认为计算机科学和编程技能仍然是就业的保证，但作者认为这些技能可能不再是工作的保证，这解释了计算机科学专业人数的下降。这一观点挑战了传统技术教育价值的认知，暗示AI正在改变就业市场的基本规则。
Dadalways griped that the railroad men in town got paid more than he did. Hecould read ancient Greek, but they had a union.
nline education had a negative effect on the quality of teaching.
online education had a negative effect on the quality of teaching.
Reversing the trend toward privatization will thus require not just massive public mobilization and demand of elected officials, but also a hard turn away from efficiency as a primary value, a recognition that the building of relationships and the cultivation of care is slow and difficult and of necessity inefficient. In fact, that its value lies in its inefficiency — but making the case for such inefficiency as a necessary value requires a lot of effort, and a lot of caution.
There's a kernel here of something about the value of links (social, business, etc.) as put forward by Cesar Hidalgo in Why Information Grows. Where is the real value? How can it best be extracted? Built up? Having a more direct means of valuing these otherwise seeming intangibles will be important in the future.
The phrase “diploma mills” came into popular usage during the era.