United States

Donald Trump, Bernie Sanders And Sam Altman Are All Talking About Public Ownership In AI (apnews.com) 49

U.S. Senator Bernie Sanders announced a plan for the public to take a 50% ownership stake in AI companies, remembers the Associated Press.

And then OpenAI's Sam Altman "told Sanders that he, too, wants the public to have equity in AI companies." Though the CEO said he couldn't support Sanders' threshold of 50%, he nonetheless wanted to work with him to advocate for the general idea, according to people with knowledge of the conversation. The nearly hourlong meeting in Sanders' Senate office this week, held at Altman's request, highlighted the inherent tension between AI powerhouses and policymakers as Americans are increasingly asked to accept the costs of the AI boom even as they remain unconvinced of its direct benefits.

Yet it's also creating odd political bedfellows fueled by populism as politicians from Sanders to President Donald Trump embrace giving the public a stake in AI's growth. Speaking to reporters on Air Force One on Friday, Trump described a potential partnership "where the American people can benefit from the success of AI" and said executives from leading AI companies will visit the White House, "probably next week," to discuss the idea.

The article points out that Altman also met with congressional leaders from both of America's political parties.
Books

'Steve Jobs In Exile' Remembers the Birth of the Web and 'Making Unix Taste Sweet' (arstechnica.com) 18

Ars Technica shares some anecdotes from Steve Jobs in Exile, a new book released last month: [Author Geoffrey] Cain reminds us, in stunning detail, that Jobs' "exile" era at NeXT was not only critical to his evolution as a man and an entrepreneur, but that it mattered for the rest of us, too. The technological innovations that came out of NeXT — notably, the NeXTSTEP OS — continue to live on in what we now call both macOS and iOS. As Cain puts it, "NeXTSTEP was Steve's attempt to make Unix taste sweet...."

[W]hile many tech nerds know that Tim Berners-Lee created the first World Wide Web server on a NeXT machine while working in Switzerland in 1990, few know that NeXT employees were wary of bringing the news to Jobs. Why? They feared his wrath "and that he would dismiss [the web] as 'shit.'" (In another timeline, NeXT might itself have capitalized on this world-changing innovation....)

Perhaps one of the wildest anecdotes that Cain uncovered was how one voicemail changed computer history forever. In 1996, when Apple was solidly in its mediocre Performa era — and considering buying BeOS as the basis for its new operating system — a mid-level NeXT product manager asked aloud, "Why don't we just frickin' call Apple?" (NeXT was also struggling during this period.) And so someone did. As Cain writes:

Garrett left the group of managers, walked back to his office, and took a risk. He picked up his designer phone and called the head of software at Apple. He left what he described as "one of my more inspired sales pitches" on the man's voicemail, explaining why Apple should be looking at NeXT instead of Be... In any other universe, Garrett's call might have gotten him fired. But in this timeline, it worked out. And thanks to him, Steve [Jobs] was about to enter Apple's airspace once again.

Thanks to long-time Slashdot reader destinyland for sharing the article.
AI

Failing CS Grades Soar At UC Berkeley As Professors See Greater AI Usage (dailycal.org) 73

The University of California at Berkeley discovered the percentage of failing grades in multiple CS classes this spring "is significantly higher than past semesters," reports the campus's student newspaper.

"Instructors point to students' increased reliance on AI, lack of mathematical preparedness and understaffing as potential contributing factors." According to [coursework platform] Berkeleytime, 35.3% of CS 10 students and 10.6% of CS 61A students received F's in spring 2026. In spring 2025 and spring 2024, the percentage of F's did not exceed 10% for either class. The electrical engineering and computer sciences department's grading guidelines state that 7% of students in lower division courses, including CS 10 and CS 61A, should receive D's and F's...

[UC Berkeley teaching professor Dan Garcia, who taught both classes] believes the "primary driver" of these abnormally high failing rates is due to a "vast increase in academic dishonesty" due to students' usage of large language models, such as Claude, ChatGPT and Google Gemini. "Some of the numbers that you saw from the number of students who receive failing grades were because we caught them (cheating) and prosecuted them and are sending their cases to the Center for Student Conduct," Garcia said. "But in other cases, it's students who are leaning a little too hard on LLMs to do their work for them, and then at exam time just really aren't ready." According to Garcia, nearly 30 students in CS 10 were "caught cheating on take-home exams" in spring 2026...

In addition to overreliance on AI, Garcia also pointed out that many students are underprepared mathematically, a concern echoed by campus associate teaching professor Gireeja Ranade. Ranade noticed a similar lack of prerequisite mathematical skills in her spring 2026 EECS 127 class, "Optimization Models in Engineering," which she described as "differently challenging" to teach this semester. The class saw a 16.8% F rate, far higher than the 5% of D's and F's that the EECS department describes as "typical" for an upper division course...

Both Garcia and Ranade have joined more than 1,300 UC faculty in signing a petition calling for the reinstatement of ACT and SAT standardized testing scores for STEM admissions in the UC system.

Thanks to long-time Slashdot reader theodp for sharing the article.
EU

EU's Tech Sovereignty Package Includes 29 Pages on Open Source, Says Open Source Initiative (opensource.org) 16

Friday the Open Source Initiative welcomed the EU's new tech sovereignty package, noting that "over a third of the 29-page document is devoted to Open Source."

The nonprofit OSI — maintainers of the Open Source definition — submitted their official feedback in February, and notes that "many" of their key requests were addressed, "as well as some exciting new announcements!" One of the biggest barriers to Open Source adoption has been public procurement. Too often, tenders have been designed around proprietary solutions, ignoring the benefits of Open Source and locking public institutions into closed ecosystems. The OSI called for procurement rules that prioritize interoperability, reusability, and vendor independence. The package takes a major step forward in this area. The EU pledges to make the public sector an anchor consumer for Open Source solutions. The Commission plans to reform procurement rules to remove barriers for Open Source, provide better guidance to EU countries on procurement criteria to avoid excluding Open Source, and uphold the "public money, public code" principle when procuring software development. Both proposals align with the OSI's feedback. The next critical step is the EU's public procurement law reform. The OSI will continue advocating to ensure these pledges translate into action.

Beyond procurement, the OSI highlighted challenges faced by Open Source communities in Europe, particularly difficulties accessing investment and expertise to commercialize and scale projects. The Commission has responded by committing to ensure Open Source companies are considered for funding under the European Competitiveness Fund (ECF). It also plans to create "Open Source business accelerators" that will offer mentorship, training, legal and licensing consulting, and business development support, including marketing. Additionally, the Commission will work to raise industry awareness of Open Source solutions by leveraging the EU's existing business support networks. These measures directly address the OSI's concerns and could significantly boost the Open Source ecosystem in Europe...

[I]n our feedback, we called for the continuation of the Next Generation Internet (NGI) initiative that has funded many Open Source projects, and for the creation of a European Sovereign Tech Fund to fund ongoing maintenance and features development to meet the EU's needs. We also highlighted the need to mainstream Open Source in other funding opportunities (like the €100bn+ Horizon Europe programme). The Commission's strategy addresses these requests. The NGI will be scaled up under the new name "Open Internet Stack." A new Open Source Maintenance Instrument will fund the "maintenance and security upkeep of essential components." The Commission will also create a list of critical and security-relevant Open Source dependencies to inform funding decisions and promote Open Source solutions as the default approach in Horizon Europe funding.

Friday's announcement from the Open Source Initiative notes that the EU is already leading by example in Open Source adoption. It applauds the EU for "deploying a Matrix-based communications system and the openDesk collaboration environment internally, trialing an alternative operating system to replace Windows, which is currently widely used in EU institutions, and expanding its presence on the Fediverse, with Commissioners and key departments already joining the EU's Mastodon server.'
Open Source

Ladybird Browser Stops Accepting Public Pull Requests (ladybird.org) 24

The Ladybird browser isn't opposed to AI coding tools, but it's just brought a new change to their code-contributing policies.

February 23: "Ladybird adopts Rust, with help from AI." Our first target was LibJS , Ladybirdâ(TM)s JavaScript engine... I used Claude Code and Codex for the translation. This was human-directed, not autonomous code generation. I decided what to port, in what order, and what the Rust code should look like. It was hundreds of small prompts, steering the agents where things needed to go... The requirement from the start was byte-for-byte identical output from both pipelines. The result was about 25,000 lines of Rust, and the entire port took about two weeks. The same work would have taken me multiple months to do by hand.
June 5 (Friday): We will no longer accept public pull requests... A pull request no longer tells us as much as it used to about the person submitting it. A substantial patch used to imply substantial effort, and that effort was a reasonable proxy for good faith. That assumption no longer holds....

We have already seen patient, well-resourced campaigns in open source to earn maintainer trust and abuse it. What has changed is how much faster and cheaper it has become to produce work that looks like a serious contribution... Whether code was typed by hand is beside the point. What matters is who is responsible for it once it enters the browser. Ladybird is becoming a browser for real users. The people introducing changes to it must be the people who decide those changes belong in the project, and who will answer for the consequences.

As part of this change, we will close all currently open public pull requests. We are grateful for the work people put into them, but keeping the existing queue open would keep that contribution path open in practice. There is no perfect time to make this change, so we are making it now. Going forward, pull requests will only be available to project maintainers. There will not be a separate process for submitting patches by other means. We do not want to create a shadow contribution system through issues, comments, email, or forks...

Outside involvement still matters: clear bug reports, reductions, website testing, standards discussion, design discussion, security reports, and technical feedback all help move the project forward. This is the right change for Ladybird now. We are preparing to ship a browser to real users, and our development process has to match that responsibility.

Communications

The US Military Quietly Turned GPS Into a Global 'Numbers Station,' Evidence Suggests (404media.co) 41

A security researcher says evidence suggests the U.S. military has been using an obscure GPS message field for nearly 20 years to broadcast encrypted key-distribution data, effectively turning GPS satellites into a global "numbers station." The hidden-looking 176-bit messages appear tied to the Pentagon's Over-the-Air Distribution system for remotely updating cryptographic keys, meaning ordinary GPS receivers may have been receiving the traffic all along without anyone outside the military noticing. The findings have been detailed by Steven Murdoch, an information security expert, in a new article in Inside GNSS. 404 Media reports: [...] From the beginning, he suspected that the subframe field contained encrypted transmissions because the data was so random. "Random data is actually very unusual to get in nature," Murdoch said. "If you see it, either it's been carefully designed to be random -- but then, why is someone sending out random data? -- or it's encrypted data. I thought encrypted data is by far the most likely explanation." He returned to the subframe on and off over the years, and solicited guesses about its content on Stack Exchange in 2023. Ahmed Kamruddin, a master's student at UCL, developed the project further in 2025. Then, this year, Murdoch put the last pieces of the puzzle together over several weeks by analyzing open archive Global Navigation Satellite System (GNSS) recordings collected since 2007 and kept by GFZ Helmholtz Centre for Geosciences.

This dataset included more than 12 million observations of Subframe 4, Page 17, yielding 3,994 unique 176-bit messages. Within this corpus, Murdoch pinpointed key-repeating "sentinels" including a pattern that appeared in February 2010 and was broadcast on and off across dozens of satellites for more than a decade. Murdoch discovered that this particular sentinel was transmitted by all 31 operational satellites within a window of a few hours on May 26, 2011, potentially heralding the activation of a new operational system. He confirmed that this timeline coincided with the rollout of the military's Over-the-Air Distribution (OTAD) and the Over-the-Air Rekeying (OTAR) by cross-referencing declassified documents, including a 2015 presentation about the dates of the operation.

"There was a perfect match between the timeline and that presentation and the change points that were automatically identified from the data," Murdoch said. "That was the smoking gun that made me think: This is what it's for." These automated systems replaced the cumbersome manual distribution of cryptographic keying material, allowing military GPS receivers around the world to be rekeyed remotely through satellite broadcasts rather than through onsite procedures. For the next 11 years, this expansive rekeying operation was overlooked in public GPS data. In 2022, the system entered a new phase, according to Murdoch's analysis. The shift was characterized by a slowing in the message rotation rate. Later, in December 2023, broadcasts carrying a distinctive "TEXT" prefix emerged then gradually spread across the constellation.

Murdoch isn't sure what explains the recent transition, though it could be a possible modernization of the infrastructure or the introduction of a new protocol. But to him, the bigger takeaway is that the signals were always available for anyone willing to take a closer look, a discovery that suggests that there could be more revelations hidden for the cryptographically curious among us. "Every receiver in the world decodes Subframe 4, Page 17," Murdoch said in his new article. "Almost none of them have ever looked at it. The lesson generalizes: There is more to learn from the bytes already arriving at our antennas than from the bytes we wish were specified differently. The data are publicly available. The signal is overhead, twice a day, every day."

Data Storage

340 Local News Outlets Now Blocking the Internet Archive (techdirt.com) 28

An anonymous reader quotes a report from Techdirt: Earlier this year Nieman Lab broke the story that major news publishers, including The New York Times, The Guardian, and USA Today Co., had started blocking the Internet Archive for fear that AI companies might scrape the nonprofit's repositories for training data. As one of the last bastions of archival history, that is, in case you're not aware, not very good for the public interest. Four months later and Nieman Lab now notes that the number of news outlets blocking the archive has soared to around 340 organizations:

"Our new analysis shows that more than 340 local news sites across the United States are now limiting the Internet Archive's ability to access and preserve their stories. Many sites in our sample are owned by five of the seven largest local news publishers in the country: USA Today Co., McClatchy, Advance Local, MediaNews Group, and Tribune Publishing. The latter two are both subsidiaries of the "vulture hedge fund" Alden Global Capital."

[...] Regardless of motivation, hiding whatever local news remains behind paywalls, then blocking it from the Internet Archive, in turn makes it harder for everyone else to do real journalism that relies on the historical record, local journalists tell Nieman Lab: "I cover news within a larger news desert in New York's Rockland, Sullivan, and Rockland counties. This means I need to heavily rely on archival data of old news articles from now deceased, or zombie-fied, media outlets," wrote B.J. Mendelson, the editor of The Monroe Gazette newsletter, in one recent petition signed by over 200 journalists. "Without the Internet Archive, my [work] would be incredibly difficult to do."
The Internet Archive says it is listening to the concerns raised by local news outlets, while also partnering with journalism groups to train hundreds of newsrooms on archival preservation: "In December, the Internet Archive partnered with the Poynter Institute and Investigative Reporters and Editors to train a cohort of 33 local and national news outlets on how to develop and implement an archiving strategy. The initiative, funded through a Press Forward grant, aims to train 300 newsrooms in digital preservation and in using the Internet Archive's services by the end of 2027."
The Almighty Buck

GOV.UK Goes Dutch On Payments As It Dumps Stripe (theregister.com) 9

The UK's Government Digital Service is replacing Stripe with Dutch payments provider Adyen for many GOV.UK Pay transactions, including local authorities, police forces, and armed forces units. The three-year deal covers about 1,000 services and is meant to make payments more flexible while keeping the user experience largely unchanged. The Register reports: According to the tender notice published in February 2025, the contract covers around 17 percent of payments made through GOV.UK Pay but more than 70 percent of its organizations and includes the only option allowing users to start taking payments within one working day. At that point the contract had an estimated maximum value of £49 million, although with no guarantees over volume.

In a blogpost about the contract award on 2 June, GDS said it will migrate around 1,000 services to the new supplier. "We will make migration as straightforward as possible while complying with Know Your Customer legislation that protects everyone from fraud," wrote Alan Maddrell, senior content designer for the service. "Most importantly, there will be no discernible difference for paying users and no loss in functionality."

He added that the change of supplier will help introduce new options including pay by bank, which transfers money directly between bank accounts using open banking services and avoids the need to type in card details. GDS will continue to use WorldPay to process payments for central government, linked organizations and NHS bodies.

Open Source

BSA Lashes Out At Mandatory Open-Source Licensing (bsa.org) 79

Longtime Slashdot reader Elektroschock writes: The American Business Software Alliance (BSA) does not consider mandatory open-source licensing to be an appropriate indicator of sovereignty. This is among the "pointed messages" they sent to the French government consultation (closed) today. "What protects Europe is the ability to govern, audit, and mitigate risk, not where a company files its corporate papers," said Thomas Boue of BSA. "Criteria of this kind raise costs, reduce access to best-in-class security solutions, and risk conflicting with the EU's international trade commitments."
The Courts

Supreme Court Sides With Trump Administration On Federal Regulation of Telecom Companies (apnews.com) 72

An anonymous reader quotes a report from the Associated Press: The Supreme Court sided with the Trump administration Thursday in upholding the power of federal regulators to enforce data privacy laws on telecommunications companies. The 8-1 decision (PDF) preserved one of the Federal Communications Commission's key tools, though the companies also won a concession from the Republican administration that could shift the regulatory landscape.

The appeal from telecommunications giants Verizon and AT&T challenged a combined $100 million in penalties imposed after the agency determined that the companies had failed to safeguard customer location data. The companies argued that the FCC's process was unconstitutional because it gave them little opportunity to tell their side of the story in front of a jury. The administration defended the fines are an essential regulatory tool. But the government also said companies did not have to pay the penalties right away, a regulatory shift in the companies' favor.

The Supreme Court agreed, affirming the FCC's power to order fines when challenges are still available. "The orders at issue did not settle the carriers' legal obligations because, stated simply, they did not create an obligation to pay," Chief Justice John Roberts wrote for the majority. [...] Other agencies use similar enforcement methods, so a sweeping victory for AT&T and Verizon could have had widespread effects, advocates said.

Google

Google Ordered To Put Clearer Links In AI Search, Let UK Publishers Opt Out (arstechnica.com) 22

An anonymous reader quotes a report from Ars Technica: UK regulators today ordered (PDF) Google to put clearer attributions and links to publishers' content in its AI-generated search features. The UK's Competition and Markets Authority (CMA) also said Google must give publishers a way to opt out of AI features in search. "In a world first, publishers will now have effective tools to prevent their content being used to power AI features in search, such as AI Overviews," the CMA said today. "This will put publishers, like news organizations, in a stronger position to negotiate content deals with Google. To boost consumer trust, Google is also now required to make sure that publisher content is properly attributed, using clear links, in AI-generated search results."

The CMA ruled that Google may not penalize publishers for opting out of AI, meaning that Google can't downrank opted-out publishers in general search results. The CMA said Google will have nine months to comply with all requirements but that the agency "expects important parts of the controls to become available to publishers well before that deadline. Google will also be required to submit and publish compliance reports, supported by key data and metrics, explaining changes it has made and how it has complied." [...] The CMA applied the rules to Google after determining that it has "strategic market status" in general search services, and has ongoing investigations into Apple and Microsoft. Google today said it will comply with the CMA decision.
The News Media Association, a trade group in the UK, said that "the legally enforceable Conduct Requirements for Google Search published today are a significant step towards leveling the playing field and building a fair, transparent digital economy where premium content is properly respected and fairly compensated." The group called on the UK to implement "robust enforcement."
Earth

Trump Administration to Dismantle Ocean Monitoring System 179

The Trump administration is moving to dismantle the National Science Foundation's $368 million Ocean Observatories Initiative, a network of more than 900 deep-sea instruments used to monitor ocean currents, marine ecosystems, carbon absorption, heat waves, fisheries, coastal flooding, and climate change. The NSF said it would send ships in June to begin the removal of the instruments anchored off Oregon, Washington, Alaska, North Carolina, and an area between Greenland and Iceland known as the Irminger Sea. The New York Times reports: The ocean observation system began operating in 2016 and was expected to continue for 25 years. Jim Edson, a marine meteorologist who led the Ocean Observatories Initiative, called it "the world's most advanced continuously operating ocean observing systems." When it was first proposed, the science foundation said it was important to have a long-term presence at scientifically important sites in the Atlantic and Pacific oceans. Removing the instruments could take 15 months. Seismic instruments positioned around an active underwater volcano off Oregon will continue operating until 2028.

Each observation station consists of several moorings that secure long arrays of devices connected to wires. The devices measure ocean currents as well as chemical and biological conditions from the water's surface down thousands of feet. The instruments were hardened to resist the pressure of the deep ocean, corrosive seawater as well as marine plants and animals that can foul electronics. Remotely controlled robotic vehicles and gliders around the moorings collect and transmit data to research laboratories.

It cost $48 million annually to operate the network. The Trump administration repeatedly tried to shutter it, proposing to cut its funding by 80 percent in both 2025 and again in 2026. Congress pushed back, restoring the money. To try to reduce costs, managers turned off some of the instruments and collected less data, according to a December 2025 presentation about the observatories at the annual meeting of the American Geophysical Union, a nonprofit organization of scientists. Still, the science foundation moved ahead to decommission the observatory network.
AI

GitHub Copilot Users React To New Usage-Based Pricing System (arstechnica.com) 92

An anonymous reader quotes a report from Ars Technica: In April, GitHub announced that it was moving subscribers from request-based billing to a usage-based model for its AI-powered Copilot service. As that new pricing model goes into effect today, many GitHub Copilot users are reporting some extreme sticker shock as they realize just how quickly their previous "normal" usage is burning through their newly limited monthly allotment of AI credits. Across social media and forums, many Copilot users are sharing personal statistics showing how just a few hours of AI usage can now account for a large chunk of their new monthly subscription caps. For some users, it reportedly took less than a day to use up a month's usage quota.

That's a big change from previous months, when GitHub Copilot subscribers were allocated a certain number of "requests" and "premium requests" based on their payment tier. GitHub said that the old system meant that "a quick chat question and a multi-hour autonomous coding session [could] cost the user the same amount," forcing Copilot itself to "absorb much of the escalating inference cost behind that usage." [...] Indeed, some Copilot users have been sharing estimates from GitHub's own tool showing that their previous monthly usage would rack up bills in the thousands of dollars under the new pricing plan. Under GitHub's new usage-based pricing system, paid Copilot subscriptions instead grant users a certain number of AI "credits" each month, with one credit corresponding to $0.01 of usage. Subscribers also get bonus credits depending on their subscription level: the $10/month Pro plan includes 1,500 credits ($15 worth); the $39 Pro+ plan includes 7,000 credits ($70 worth); and the $100/month Copilot Max plan includes 20,000 credits ($200 worth).

The precise number of Copilot credits used by a given prompt is determined by the number of input and output tokens used and the rates charged by the underlying large language model. That means pricing is highly dependent not just on the type of request but on the specific model that a user chooses. One million output tokens from OpenAI's GPT-5.4 nano would run just $1.25 on GitHub Copilot, but that same level of output would run $30 on the frontier GPT-5.5 model (Copilot users who rely on "Auto" mode to pick the most appropriate available model for any request should be extremely careful, as some users report it can switch to expensive models for extremely simple queries).

United States

Google Requests Permission to Release 32 Million Mosquitoes In California and Florida (theguardian.com) 106

Google has asked the EPA for permission to release up to 32 million sterile male mosquitoes in California and Florida over two years. The effort is part of the company's Debug program, which uses Wolbachia-infected males to reduce populations of disease-spreading Aedes aegypti mosquitoes. Google cites a similar approach in Singapore that helped suppress mosquito populations and reduce dengue cases. The Guardian reports: As part of its successful "Debug" program, Google is tapping into its tech expertise to raise an army of sterile male mosquitoes to lower the number of illness-spreading bugs. Mosquitoes -- the world's deadliest animal -- kill more people than any other creature in the world every year by spreading lethal diseases such as dengue, West Nile virus, Zika, chikungunya and malaria.

A notice (PDF) from the federal register shows the US Environmental Protection Agency (EPA) is reviewing Google's request to release up to 16 million mosquitoes annually, in Florida and California, over the span of two years. The EPA will decide whether to greenlight Google's request for an experimental use permit after a public comment period, which ends on 5 June.

Male mosquitoes don't bite or carry disease. One of the main approaches Google is testing involves rearing male mosquitoes with a naturally occurring bacteria, called wolbachia, which stops them from having offspring with wild female mosquitoes. When an infected male tries to mate with a wild female, her eggs won't hatch; Google explains in a blog post: "the population gets smaller with each generation."

AI

Remote Work, Not AI, Has Sidelined Recent College Graduates, Research Finds (npr.org) 130

An anonymous reader quotes a report from NPR: The buzz on college campuses is that AI is disrupting the job market for young college graduates. But new research from the Federal Reserve Bank of New York finds that the culprit may be something else: remote work. An analysis of federal employment data, paired with a deep dive into the flexible work arrangements at one unnamed Fortune 500 tech company, reveals that companies are less likely to hire recent college grads into occupations that can be done remotely.

Researchers speculate that employers are reluctant to put such workers in a setting where it's harder to absorb lessons from coworkers. The researchers found the unemployment rate among younger college grads -- those under the age of 29 -- rose 20% after the pandemic, while unemployment among older college grads fell slightly. The study compares unemployment rates pre-pandemic, from 2017 to 2019, with unemployment rates after the pandemic, from 2022 to 2024. Unemployment rose as remote work grew fourfold, the researchers write. "Our analysis suggests that these trends are related, with remote work making it more difficult for managers to train and mentor new employees."
Regardless of the cause, the New York Fed report warns that a high unemployment rate among young college grads is concerning.

"Early-career experiences can have lasting consequences," the researchers write. "Research finds that individuals who began looking for jobs in slacker labor markets tend to have lower earnings and slower career progression relative to comparable peers who began their job search in better market conditions."

Further reading: Why Is the US Job Market So Tough, Especially for Recent College Grads?

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