If you are a uni student, a 2nd lockdown will seriously hurt your job prospects

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Joshua997
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This is especially true if you are a 2nd or 3rd year uni student, a second lockdown will have very serous impacts on your job prospects. The impacts of the first lockdown has been relatively well mitigated thanks to fiscal support from the government, so if you are starting your third year, you can expect a decent recovery by the time you graduate.

A second lockdown on the other hand would mean lasting economic damage. Government debt as % of gdp is already >100%, a level not seen in decades. If there is a nationwide second lockdown, the government simply can't afford the same support as the first time, unless they want a level of debt resembling Greece or Italy during the financial crisis.

Simply put, if a company can't get fiscal support to make up for lost revenue from a lockdown, they have to start making hard choices. These choices usually involve redundancies and hiring freezes. These redundancies in turn means more experienced candidates in the hiring pool for future years, meaning new grads have even less of a chance landing a new jobs.

A lot of companies are already seeing candidates with 5+ years of experience apply for entry level jobs...
Last edited by Joshua997; 1 month ago
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999tigger
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(Original post by Joshua997)
This is especially true if you are a 2nd or 3rd year uni student,.
This is especially true if you are a 2nd or 3rd year uni student, a second lockdown will have very serous impacts on your job prospects. The impacts of the first lockdown has been relatively well mitigated thanks to fiscal support from the government, so if you are starting your third year, you can expect a decent recovery by the time you graduate. [ No it hasnt and nope to the recovery. Graduate jobs in a lot of areas dry up during recessions. When furlough ends then you will see the tital wave of job losses. Third year grads have every reason to be concerned about job propsects unless you are going into an area that is immune or does well if a counter cycle]

A second lockdown on the other hand would mean lasting economic damage. [ We already have lasting ecopnomic damage]Government debt as % of gdp is already >100%, a level not seen in decades. If there is a nationwide second lockdown, the government simply can't afford the same support as the first time, unless they want a level of debt resembling Greece or Italy during the financial crisis. [ We will also suffer if the virus is allowed to spread and gets out of hand].

Simply put, if a company can't get fiscal support to make up for lost revenue from a lockdown, they have to start making hard choices. These choices usually involve redundancies and hiring freezes. These redundancies in turn means more experienced candidates in the hiring pool for future years, meaning new grads have even less of a chance landing a new jobs. [Companies are already making hard choices and will be for the next year]

A lot of companies are already seeing candidates with 5+ years of experience apply for entry level jobs...


[Wow really? Anyone would think it was a recession during a pandemic. Good to know you say its been largely mitigated, so everything is fine ]
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Mustafa0605
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First of all it depends on what degree you are doing and at which university. For example, a degree in medicine is unaffected while a degree in tourism/hospitality is quite the opposite. Another thing to consider is that a total national lockdown will never happen again. The rate of infection can be brought safely below 1 by imposing stricter restrictions on socialising and social distancing as seen in some parts of the country, without significantly affecting the economy.
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CoolCavy
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(Original post by Joshua997)
This is especially true if you are a 2nd or 3rd year uni student, a second lockdown will have very serous impacts on your job prospects. The impacts of the first lockdown has been relatively well mitigated thanks to fiscal support from the government,
..
I graduated this year and strongly disagree with this. 2020 graduates have been forgotten by the government in favour of the A-level and GCSE students who had their exams cancelled.
The first lockdown had a huge impact on the graduation prospects of people who graduated this summer, i know people who had their graduate jobs they had lined up cut out from underneath them and the creative sector as a whole is not hiring anyone. I managed to get a job as a keyworker but i am one of the fortunate ones.
There has been no support for this years graduates, people who are in their second or third years are in quite a good position as they are hopefully able to ride out some of the recession whilst having the security of university around them. Graduates this year were thrust into the hardest grad prospects since 2008.
The unlikely event of a second lockdown (unlikely as it's a last resort since the government wants to mitigate the economic impact) would be hard on people graduating next year, just as the first lockdown was devastating to people who graduated this year. People should be able to offer support to one cohort without being reductionist about the difficult experiences of 2020 grads.
Last edited by CoolCavy; 1 month ago
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