Comment by comfysocks
7 hours ago
Yes, and potentially extracts the wealth at the cost of the new grad’s job prospects.
Can you imagine a few decades earlier some former corporate executive giving a commencement speech at a US college extolling the virtues of offshoring, and how it will make his mega corp a lot of money?!
The college graduation version of the company owner speaking to an employee:
“You see that Ferrari out there on the parking lot? If you work really, really hard this year and meet all of your targets, then next year I’ll be able to afford another one.”