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53 Percent Of All Young College Graduates In America Are Either Unemployed Or Underemployed

If you are in college right now, you will most likely either be unemployed or working a job that only requires a high school degree when you graduate.  The truth is that the U.S. economy is not coming anywhere close to producing enough jobs for the hordes of new college graduates that are entering the workforce every year.  In 2011, 53 percent of all Americans with a bachelor's degree under the age of 25 were either unemployed or underemployed.  Millions upon millions of young college graduates feel like the system has totally failed them.  They worked hard in school all their lives, they went into huge amounts of debt in order to get the college education that they were told they "must have" in order to get a good job, but after graduation they found that there were only a handful of good jobs for the huge waves of college graduates that were entering the "real world".  All over America, college graduates can be found waiting tables, flipping burgers and working behind the register at retail stores.  Unfortunately, the employment picture in America is not going to get significantly better any time soon.

All over the United States, "middle class jobs" are being replaced by "low income jobs" and young college graduates are being hurt by this transition more than almost anyone else.  Massive numbers of young college graduates are now working jobs that do not even require a high school degree.  Some of the statistics about young college graduates are absolutely astounding.  The following is from a recent CNBC article....

In the last year, they were more likely to be employed as waiters, waitresses, bartenders and food-service helpers than as engineers, physicists, chemists and mathematicians combined (100,000 versus 90,000). There were more working in office-related jobs such as receptionist or payroll clerk than in all computer professional jobs (163,000 versus 100,000). More also were employed as cashiers, retail clerks and customer representatives than engineers (125,000 versus 80,000).

Can you imagine working really hard all throughout high school and college and always getting good grades and then ending up as a bartender?

Sadly, many hard working college graduates cannot seem to find a decent job no matter how hard they try.  The following is one example from the CNBC article mentioned above....

"I don't even know what I'm looking for," says Michael Bledsoe, who described months of fruitless job searches as he served customers at a Seattle coffeehouse. The 23-year-old graduated in 2010 with a creative writing degree.

Initially hopeful that his college education would create opportunities, Bledsoe languished for three months before finally taking a job as a barista, a position he has held for the last two years. In the beginning he sent three or four resumes day. But, Bledsoe said, employers questioned his lack of experience or the practical worth of his major. Now he sends a resume once every two weeks or so.

Have you ever been there?

Have you ever sent out resumes week after week, month after month, only to get absolutely nowhere?

Many recent college graduates are being advised by "career counselors" that they should go back and "get more education".

But is that really the answer?  The truth is that there are lots and lots of unemployed and underemployed Americans with advanced degrees too.  For example, a recent Business Insider article profiled a law school graduate named Erin that is actually on food stamps....

She remains on food stamps so her social life suffers. She can't afford a car, so she has to rely on the bus to get around Austin, Texas, where she lives. And currently unable to pay back her growing pile of law school debt, Gilmer says she wonders if she will ever be able to pay it back.

"That has been really hard for me," she says. "I have absolutely no credit anymore. I haven't been able to pay loans. It's scary, and it's a hard thing to think you’re a lawyer but you’re impoverished. People don’t understand that most lawyers actually aren’t making the big money."

But what "more education" will do is that it will get you into even more debt.  Student loan debt can be one of the cruelest forms of debt, because it cannot be discharged in bankruptcy.

As I wrote about a few days ago, total student loan debt in the United States recently surpassed the one trillion dollar mark.  Students keep on racking up student loan debt in the hope that they will find "the American Dream" at the end of the rainbow.

Sadly, many students do everything "right" and still end up in the middle of a nightmare.

But it is not just young college graduates that are suffering in this economy.

As I wrote about a while back, the U.S. economy is not producing enough jobs for anyone at this point.

The mainstream media keeps telling us that unemployment is going down, but the truth is that the percentage of working age Americans that are employed is not increasing.  In March 2010, 58.5 percent of all working age Americans had a job.  In March 2012, 58.5 percent of all working age Americans had a job.

Does that sounds like improvement?

Of course not.

Unlike what we have seen after every other recession in the post-World War II era, the employment to population ratio is not bouncing back, and that is really bad news.

The main reason for this is because of the bad economy, but also it is important to understand that we are transitioning away from an "employment economy".

Today, most large corporations view employees as very expensive "liabilities".  The goal for most large corporations is to minimize those "liabilities" as much as possible.  In fact, these days some large corporations lay off huge numbers of workers even while they are making huge profits at the same time.

Once upon a time, Henry Ford made a conscious decision to pay his workers enough money so that they could afford to buy the cars that they were making.

Today, most corporations simply do not care about the living standards of their workers.  They simply want to maximize profits to the fullest extent possible.

Many small businesses would like to hire more workers, but the federal government has made hiring workers so complicated and so expensive that it has become exceedingly difficult to make a profit on a worker.  Most of the time it is simply easier to try to do more with what you already have.

The number of Americans that can work a job ("just over broke") and still live "the American Dream" is steadily shrinking.  Increasingly, the financial rewards in our economy are being funneled to the very top of organizations and workers are finding that their living standards continue to slowly go down.

At corporations that belong to the Standard & Poor's 500 stock index, CEOs earn 380 times what the average worker makes at those companies.  In 1980, CEOs only earned 42 times what the average worker made at those companies.

A fundamental shift is happening in our economy and it is not going to be reversed any time soon.  Workers are not valued at most companies anymore.  No matter how much of yourself you give to your company, when the day comes that you become "disposable", you will be cast aside as so much rubbish.

That is why I try to encourage people to start their own businesses and to be their own bosses.  There is no job security anymore.  The job that you have today could be gone tomorrow.

Meanwhile, the federal government is actually spending your money to train foreign workers to take our jobs.  The following is from a recent Daily Caller article....

While the president has been urging “insourcing,” the government has been sending money to the Philippines to train foreign workers for jobs in English-speaking call centers.

According to New York Democratic Rep. Tim Bishop and North Carolina Republican Rep. Walter Jones, this is unacceptable and “shocking.”

The pair are calling on the United States Agency for International Development (USAID) to immediately suspend what is known as the Job Enabling English Proficiency (JEEP) program.

Can you believe that?

Over and over again, our politicians talk about the need to keep jobs in the United States and then they go out and do things that have the exact opposite effect.

It is truly maddening.

So what are the hordes of American workers that cannot find jobs supposed to do?

Well, one thing we are definitely seeing is a huge rise in the number of Americans that are dependent on the government.

For example, at the end of the Reagan administration the ratio of workers on Social Security disability to active workers was about 2 percent.

Today, it is over 6 percent.

During the first four months of 2012 alone, 539,000 more Americans were added to the Social Security disability rolls and another 725,000 submitted new applications.

Another federal program that is experiencing explosive growth is food stamps.

Last year, one out of every seven Americans was on food stamps, and the Congressional Budget Office is projecting that the number of people on food stamps will continue to grow through 2014.

It is so sad to see what is happening to America.  Our economy is being dismantled all around us and the future looks incredibly bleak.

Right now there are millions upon millions of Americans that are sitting at home wallowing in despair.  They don't understand why nobody will hire them and they are rapidly running out of options.

The following is a comment that a reader left on one of my recent articles about the middle class....

I cannot believe my present situation…

I worked hard in school and college so that I could escape the low income uneducated mess I grew up in.

I made all the correct decisions with my career, finances, etc. I cannot figure out how I got to where I am at now.

In late 2008 I was laid off in the IT field. I was a go-getter, and I didn’t let anyone tell me the economy would make it difficult to find a job. I had another within 4 weeks.

Was laid off from that job last year. I qualified for unemployment, but then my employer decides to bring a bunch of lawyers and fight my eligibility. After I won again, they appealed again. I finally couldn’t afford to keep paying attorney fees. I finally lost the appeal. I had to pay all that money back.

I’m still trying to find a job in my field. Being the go-getting I am, I immediately took a job waiting tables which amounted to a 75% pay-cut.

I had saved 6 months of expenses and that is completely dry. I have completely drained my retirement and savings. Still cannot find a livable wage job after almost a decade in my field.

Things are slowly going into default and it feels utterly hopeless and stressful. My pristine credit rating is gone, my savings and everything I worked for is gone. I haven’t missed a payment on my mortgage, but it is coming. I can’t cut anything more than I already have.

I just can’t figure out how this could have happened to me. I played by the rules and made all the right choices. I skipped vacations and time off to prove I was a good worker and had what it took to be a valuable employee.

I really am just at a loss at this point. I’m single and have no family. This is really make-or-break for me. I have no fallback plan. The feeling of failure is just gut-wrenching.

Please say a prayer for that reader and for all of the other hard working Americans out there that are desperate to find a job.

If you are at the end of your rope, please do not give up.  Even in the darkest moments, there is always a way to turn things around if you will just keep on fighting.

Sadly, way too many people are giving up on life because of the economy.  In Europe, economic conditions have deteriorated so badly that there has been a dramatic increase in suicides.  The following is from a recent article in the New York Times....

The economic downturn that has shaken Europe for the last three years has also swept away the foundations of once-sturdy lives, leading to an alarming spike in suicide rates. Especially in the most fragile nations like Greece, Ireland and Italy, small-business owners and entrepreneurs are increasingly taking their own lives in a phenomenon some European newspapers have started calling “suicide by economic crisis.”

When the next major economic downturn happens in the United States, we will probably see a similar thing happen here too.

But people need to realize that our lives are not about how much stuff we own.

Even if every single thing is taken away from you and you are left with nothing that does not mean that your life is over.

Even if you have not been able to find a job for years, that does not mean that you should give up.

In life, everyone gets knocked down.

But unless you are dead, there is always a way to get things turned around in a more positive direction.

One thing that I have learned in life is that you must never, ever, ever, ever give up.

The years ahead are going to be really hard for the global economy, but that doesn't mean that they have to be horrible years for you.

The years ahead can be the very best years of your entire life, but that will never happen if you decide to simply give up.

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  • Cinderella Man

    I have to agree a creative writing degree might as well say “I want to work at McDonalds or Starbucks.” Why do these kids go into stupid fields? We all know by now the colleges will say whatever you want to hear just to get your student loan money. Ive already told about my ex girlfriend that wanted to be a forensic anthropoligist and shes a bartender. No CSI dream for her. But thats how these degree mills work. I went for small business management. I found that the teachers were apathetic and could really care less if you were learning or not. I got out after 1 semester. Ive never regetted that decision!

  • Benjik

    “Life is 10% on what happens to you and 90% on how you deal with it.”

  • John S

    My advice to Mr. Bledsoe, the Creative Writing major? Forget the advanced degree for now and work his way up to management at the Starbucks that employs him. That experience will be infinitely more useful than anything he will get from a “diploma mill.”

    • Ajax Obono

      yeah, the unfortunate thing is now that those “SHIFT mangaers” are only making $8 an hour themselves, he’ll be in a long line to get a good paying job at starbucks

      • Anna

        How much is an $8 an hr. job monthly? I recall making $10 an hr. when I was in high school 30 years ago. I would ask the wealthy if they needed a cleaning service. People would hire me and pay me that much.

        I can’t imagine taking an $8 an hr. job now. I feel so sorry for the kids these days that are stuck with those wages. I really did get $10 an hr. while in high school house cleaning. I knew one guy a year older than me in high school that started his own lawn service. I can assure you he got more than $8 an hr. as well. I also had a kid come to my house to fix my computer about 5 years ago. I paid him $20 an hr. The kid was good, and I believe he was in 12th grade! I think people make more on government assistance. It would be easier to get on government assistance than to get $8 an hr.

  • DMyers

    Some observations on the subject by an old man with four degrees and little to show for it.

    Some people hunt geodes or various common stones and then grind them to a more beautiful shiny state. That is what education is, the grinding away of brain’s rough elements. The end result is that of a brute process. Much is gained and yet much is lost.

    The economic value of education was wrought by the conditions of a civilization advancing in complexity. As growth in numbers, complexity, and technological achievement increased, there was demand for better trained minds. The value of education was a supply/demand phenomenon. Supply eventually outstripped demand. There is now a massive overshoot.

    I can remember personally when a college education was relatively cheap (mid to late sixties). I grew up in a college town. I remember associate professors living in college furnished military housing off campus. The life of the mind was not a life of material achievements. The quest for knowledge was itself intrinsically worthwhile. The life of the mind and of knowledge stood apart from and against materialism. Then, there developed a different emphasis in the seventies and eighties. Suddenly the academics began arguing that their skills should be measured against the value they might hold in the market. In this new perspective, the chemistry professor should be valued by what he were able to earn in the private sector. That movement, from my own oral history, did more than anything to inflate the cost of education.

    At about that same time there was increasing pressure for universities to show some profit, at least in the sense of breaking even. There were increasing numbers of competing institutions, and with that came more bells and whistles to entice the student consumer. That clearly led to large and misguided expenditures.

    There are many ways to learn in this world and most cost nothing. The economic value of a college education and even of post graduate education has proved to be a moving target and a risky bet.

    A college education at this point in time is more than likely a process of learning to take the bitter with the sweet.

    • Rhynn

      I agree with your post, but get even more to the point than your last sentence. A college education is little more than a piece of paper that hides the tack holes in a wall and an agreement to keep dancing while the educational and corporate systems move the goalposts.

      A bachelors degree used to supposedly be the ticket to ride back in the 80′s. Then too many people got them, and since it became clear that the genuine (faux) benefit of having one was so nobody could say you didn’t have one, it stopped even mattering what you got it in. Leading of course to tons of people with philosophy and zoology degrees screwing up IT departments and mismanaging corporate funds everywhere.

      SO then it became about the master’s degree, and the same thing happened again. And again when people started popping up with double majors, PHDs and whatnot. So then some schools counted more than others. Always another excuse.

      While that was going on though? There was still no substitute for in the trenches experience. And graduates found that out the hard way when the first thing out of an interviewer’s mouth was “we need 5 years of relevant experience”. They also found out that in the real world, that degree requirement will get waived 10 times before that experience requirement ever gets waived. No matter what these pundits try and tell you.

      Companies want people who are proven workers. Not people who spent 4-6 years learning to talk about what they haven’t actually done a day in their lives.

  • Tom Vermont

    On 05/25/2012, Ron Paul Supporters across America should gather together to discuss the idea of Dr. Paul running on an independent platform and brainstorm a clever strategy on how to launch a parallel campaign in the event he is denied the opportunity of becoming the Republican presidential candidate. The end goal is witnessing Congressman Ron Paul announcing his presidential bid as an independent the same day America celebrates Constitution day: September 17th, 2012.

    http://www.youtube.com/watch?v=Lyl_ztqOgDs

    A very interesting video clip indeed.

  • http://EconomicCollapse Already Gone

    Why do people continue to allow the u.s government to continue to operate the way they do? How Much pain and humiliation are they going to take before they finally say enough is enough.
    It is really demoralizing to sit and watch the government strip the american society of what dignity and self respect they have left and then have them sit there and do nothing about it.It is a very sad situation indeed.

  • Josh

    “I made all the correct decisions with my career, finances, etc. I cannot figure out how I got to where I am at now…I just can’t figure out how this could have happened to me. I played by the rules and made all the right choices.”

    Does anyone else feel this person needs to get over him/herself? Clearly this person did NOT make the right choices (from his/her current situation, it seems like many poor choices were made) and needs to realize this and adjust.

    • Sunday

      So to you, ability to feed themselves=right choice. So will it be the right choice to take the 666 mark in order to live comfortably.

    • http://www.facebook.com/profile.php?id=10232709 Bryan Jones

      No, I think you are cruel and full of yourself.

  • Uncle Sam

    I am not kidding about the “move out of the country bit.”

    Make your own opportunities where the locals will think that you are a good investment. Let the bright and capable leave America. Only then, when the politicians are left with the rest of the 4F’s, the broken English call centers and all of the Pakistani doctors….then they will realize their error.

    The founders of this nation left their homes to create a better way of life for them and theirs.

    Be like they were. This is not a prison…yet.

  • Gary2

    I think a lot of the problem is due to the financalization of the economy. CEO’s get paid mainly with stock options and thus want a high share price ASAP. they do not get that by reinvesting in the company but by slashing workers and buying back their own stock. This in the short term raises the stock price and the ceo makes out good.

    Suggested read-the rich and the rest of us by cornell west and tavis smiley.

  • Gary2

    Thanks for again shedding light on underemployment. I think this is as bad as unemployment or almost as bad.

    You can not buy much working at poverty wages.

  • Benjik

    I can’t help but think how many hard-working, intelligent, motivated people who did not have the financial resources to attend college this scenario is also pushing out of the work force. Employers who have to chose between applicants with or without college degrees would undoubtedly hire the person with more education, although “higher education” doesn’t necessarily mean a more qualified applicant.

    • Benjik

      Maybe this will spurn a new term: “Trickle-down Unemployment”

    • CinnamonGirl

      Right….one more way to weed out employees from hundreds of applicants. Not that it means anything.

    • Anna

      I wouldn’t. I’d hire the person who would actually do the job. I need people with a good work ethic.

  • Paul

    Wasn’t America the place where people found companies and CREATE jobs out of nothing?

    Probably just a myth.

  • 007

    It is only a matter of time before these student loans become dischargeable in bankruptcy. I can’t wait for the inflow of new business. It will be beautiful.

  • 1% fan

    The age group that went gaga over the messiah in 2008 now finds their job prospects have been gagged?? Ha! Ha! Ha! If you want sympathy from me, go look in a dictionary between “s**t” and “syphillis”.

    “For they have sown the wind, and they shall reap the whirlwind: it hath no stalk: the bud shall yield no meal: if so be it yield, the strangers shall swallow it up”
    Hosea 8:7

    • GemGirl

      To 1% fan — Your comment is very sarcastic. It is the 1%, not the “messiah” whom you refer to, that is causing oppression of the masses. If you recall, the “messiah” submitted a Jobs bill to Congress, but Republicans didn’t pass it because they HATE the messiah — and their egos and hatred made them overlook what was best for the masses/ the common good.

  • Orange Jean

    I think a LOT of the problem for new grads finding jobs is their ATTITUDE~

    I work with quite a few of them, who are all going through a government paid internship program hoping to get a “high paid” government job (in the meantime… most of us employed there as “permanent” experienced staff are holding our breath hoping not to get laid off in next year or so).

    Most of the young kids I know at work went to “good” schools and got a “practical” degree (or as some suggested, in a “hot” field… or what was considered hot at the time – in this case it was epidemiology or IT). But their attitude? Clearly one of entitlement, the

    “I must make at least $50K, have as much time off as I want to play, don’t have a boss telling me what to do, expect to start as a “team leader” and get promoted to some director job within 2-3 years.” THAT attitude! Mommy always told me every thing I did was just “AWESOME”… and whaaaaaa … you don’t “respect” my ONE month of experience, I’m telling mommy/daddy on you~!!

    In the meantime, I started out at 18 single, pregnant and on welfare. I hated it so I changed. Raise my son myself, worked my butt off, I got a minimum wage job that didn’t pay the bills and when I didn’t like it I went to school while working (and yeah, got no scholarship… only loans… which I paid off in 13 years).

    Now I’m over 60, I have 2 degrees in fairly worthless subjects (BA anthropology and MS in geography), but I took a lot of statistics (5 stats classes), 2 classes in epidemiology, 1 medical entomology with lab… and I learned how to do research, data management and programming (SPSS then SAS). I’ve had jobs in my chosen field (public health) which I hated, bosses I hated… but I worked hard, developed my skills (mainly programming, but it needs to be related to a specific field to be useful). I’m still working, but you never know… I do never assume the jobs necessarily going to be there next month!

    Try to keep my ducks in a row… I’m going to another SAS training class (that’s for statistical analysis) the rest of this week. And I recently bought some nice navy blue wool to make myself a good “interview” suit.

    Just saying… part of it’s working hard, figuring out what you do well (me, I’d have flunked out of any mechanical field, as it’s NOT what I’m good in). Do what you’ve got to do to get in and put up with a lot of crap if you need to, be flexible… what business you work in, where, etc.. Keep those ducks in a row and whatever you do – and oh yeah, don’t drop the “F” bomb on the boss (I’ve seen otherwise promising, well educated “young people” do this… and guess what, they are now out of a job).

    Of course when TSHTF and there are no jobs, I’ll be fresh out of luck… being as my health has started to go downhill (so much for prepping, I’ve done that too). Oh well, we’re all gonna die once … from something.

    • CinnamonGirl

      ((Like))
      great post.

  • Rancher

    Bad news. But come on people the Bible even says debt is a slave master and it is to avoided.

    I feel bad for all folks who willfully got themselves into debt. Whether a car payment debt you can not pay or a student loan…it is all willfully done.

    Time to put on you big girl panties and get 4-5 jobs slinging burgers to pay me back. Yes me the out of debt tax payer who funded your dumb signature loans. I want my money paid back and I do not want to be told I should absorb the losses. I am sick and tired of absorbing losses other people foolishly create.

    Taxes are not levied against the tax payer to assist them….

    That is getting so so so old anymore.

    • Anna

      Yes, I’m sure all the people on welfare & receiving government assistance are going to flip burgers for you and leave their six kids at home just to make it up to you. I’m sure their laughing all the way to Walmart, swiping their ebt cards on your dime, just to pay you back! :)

      In fact, the government encourages them to get on food stamps. CNN did an article about it. The government actually took out commercials and spent millions of taxpayers’ money to encourage those who qualify to get on it. I highly doubt anyone is going to put on big girls panties and pay you back anything. If anything they’d tell you to put them on and go to work for them. Cause they sure need it.

    • disapointed

      Thanks we appreciate your unkind words. I got a degree in agriculture and was laid off. Maybe you shouldn’t get government subsidies and tax right offs for your farm in which you are occuring equity on oh and if you would stop hiring Mexicans that would be great too. I’m sick of having to pay for that too.

  • Evie

    Collapse is inevitable. The debt slaves cannot pay with money they do not have. But lets just keep counting on the ones who ruined the global economy tp fox it with more debt. Do not go into debt forany reason. Beg first. Do not support the elite.

  • pete

    When my oldest sister graduated from high school, my parents asked her if she wanted to go to Harvard or Yale.

    When my other older sister graduated, they asked her if she wanted to go to in state or out of state college.

    When my older brother graduated, they asked him he wanted to go the state college or community college.

    When I graduated, they asked me “are you going to GTFO, or do we call the cops”?

    • Michael

      That made me smile. :)

      Michael

  • stk33

    Could it be that these young workers have much more sense of entitlement than anything resembling qualification? Could it be that while in the college, their main achievement was in being in their football team? Could it be that American educational system that for decades was doing its best to replace education by indoctrination, teaching “values”, and preaching political correctness at the top skill in the workplace, has finally succeeded to the degree that its today’s product is indeed isn’t good for anything other than flipping burgers?

    • Rhynn

      It’s surely entitlement but let’s keep football out of it. Most of these pasty overly entitled bookworms are where they are because they never learned or never accepted lessons they did learn about the existence of a world outside of their own wants and well being. And this is one of the things sports teaches.

      Nowadays I hear 20 something literally whining about athletics and considering themselves “too evolved” to understand them much less participate in them. And schools are joining in by removing the P.E. portions of the curriculum and cutting intramural funding so full emphasis can be placed on the faux individualist training and ultimately the sheep factory.

      These students have been taught to abhor honorable competition based on merit. They don’t know how to lose with honor, because now everybody has to be a “winner”, even if it must be engineered that way. That it can be engineered does nothing if not completely destroy any appreciation of merit. It’s no longer about being the best you can be, and the best there is. It’s about finding the shortcut that allows you to safely care the least about what you’re really worth, because your true worth has nothing to do with what you get.

      That’s the definition of entitlement.

  • dhp

    I love the smug comments by some here. Well, I am happy that your nurse daughter got a job. But not everyone is cut out to be a nurse or an engineer or an accountant. You have to pursue what suits you or you will be miserable trying to work in a field you hate or for which you are ill-equipped. My dau. majored in design. It was necessary for her to relocate; struggle thru two or three internships before she found full time work; and supplement with freelance jobs. But she is now set, acquiring new skills & doing what she likes. Take risks; be persistent, and be prepared to struggle in the beginning. It can be done.

    • http://itsafluffy.blogspot.com DL

      How true. Me? My mother wanted me to go to “secretarial school” after a year of Art School (I finally realized I was not a very good artist), but I said no way…she could type 200 words a minute with both hands tied behind her back ;-). I was lucky to type 35! So, I went to work (nurses aide), then EKG courses, then after several years of working, back to college–didn’t get into physical therapy school, but got a degree in psychology, but couldn’t afford graduate school. So I moved in with parents who had moved to Florida. Got a teaching paraprofessional job, the met my fiance, got married in far west Texas. A year or two after marriage went back to college at Sul Ross State, where I got my teaching cert. in math (lots of jobs there). Taught seven years or so, then homeschooled my kids. Son went to Texas A & M and is now working for NOAA (loves job, gets paid to go fishing! Just bought a boat!) Daughter at Sul Ross, will get elementary teaching cert. and will teach overseas. Me? work part time as…bookkeeper/office manager! Guess my mother knew something after all!

      You just never know, so yes, do not give up!

  • Piglet

    Well, we can all stop worrying about ever-growing massive amounts of government and personal debt, the police state, bankrupt government at all levels, hundreds of millions of jobs leaving the country, the closure of incredible numbers of companies, massive trade imbalances, etc. Why? A column in the April 22, 2012 Washington Post reads, in part, “If you want to understand the future of America, if you want to grasp why we are not doomed, then you must spend some time with young entrepreneurs. Their creativity, business acumen and technological insights are uplifting, energizing, empowering.” You can read more at:

    http://www.washingtonpost.com/todays_paper/Business/2012-04-22/G/6/40.2.3486139698_epaper.html

    Top it off by listening to “Don’t Worry, Be Happy” at:

    http://www.youtube.com/watch?v=d-diB65scQU&ob=av2e

    Yessiree, young entrepreneurs, in defiance of reality, will save the day!

    What a load of BS topped off with delusional denial…

  • Good luck everyone

    This is what’s coming to United States just a preview;
    very frightening picture

    The Greek Mental Health Crisis: As Economy Implodes, Depression And Suicide Rates Soar
    http://www.socialnewspost.com/2011/06/27/the-greek-mental-health-crisis-as-economy-implodes-depression-and-suicide-rates-soar/
    The picture in the article says it all.

  • Kimchi

    Starting a small business is not always the answer. I have been a business owner for almost 15 years. As the economy has worsened so has our business. We are now going on 8 weeks of no pay and just barely being able to afford the bills.

    So those who think they will start a small business and the money will start flowing in need a wake up call. There are many small business owners right now that are just keeping their heads above water and many more who are completely under with no hope in sight.

    These useless platitudes about just start a business come from many who obviously have never tried to start a business themselves and have no idea just how hard it is. Especially in this economy.

    People want things for free or as close to it as possible.

    We have a family member visiting in a few weeks with the express purpose of having my husband show him how to work on his website so he can rake in the dough. Not to be expected I am pretty upset about this mentality since 1. We can’t pay ourselves and 2. Why the heck should we just give away 15 years of business tips we have learned for free. This person is under 25 and as with most that age receives everything from mommy and has never had to actually do his own work and research.

    Am I bitter? You Bet. Even more so if our tips enabled him to make money while we move into a cozy spot in the tent city in the next town.

    How come some people succeed while others flounder and fail?

    • 007

      Only one out of 6 new businesses survive 5 years. I do mean just survive. The rest crash and burn along with their life savings. Much better odds at the casino. God bless President Obama.

      • Gary2

        this has always been the case

      • Ajax Obono

        yes, that is so true, I look at all these new small businesses and just think that the people starting them up are insane knowing the chances they have at being sucessful, so much of the small business market is run by large companies it’s os hard to compete. Now we have grown men mowing grass and collecting trash for a living, it used to be you would pay teenagers in your neighborhood to do this unskilled labor.

    • GemGirl

      Kimchi — You make many good points. Starting and maintaining a small business is far more demanding that getting employed by a company.

  • VyseLegendaire

    On college and university:

    The freshmen bring a little knowledge in and the seniors take none out, so it accumulates through the years.
    - A. Lawrence Lowell

  • unknown

    I suggest that you learn to Love 1st, then you can be anything you want,thats all you need from there the rest will come.

  • Piglet

    To those who think upcoming graduates just need the right kind of degree, here’s a tale for you. A couple of years ago a friend of mine was ordering lunch at his table in a Hamburger Hamlet restaurant and, in speaking with the waiter, learned he had gotten his degree in engineering and had successfully worked in the field for 15 years. Then one Friday afternoon (be very wary of Friday afternoons) the boss called in the dozen or so engineers in his branch and told them they were, effective immediately, unemployed, as their jobs were being moved overseas. Fortunately for this gent, his wife still had a very well-paying job; otherwise, he would have been S.O.L. and his lifestyle at home would have changed dramatically for the worse.

    In my own experience, I found that my BS degree in Business, followed later by an MBA, didn’t amount to a whole lot, and the most useful education I received that launched me on my post-military career were some IT classes at a community college. Even so, the work I do has mostly been shipped overseas by now, and were there more than two of us doing this at my company, it’s quite possible my job would have followed all of the others.

    Moral of the story: All of the rules regarding the value of education, what to study, and job stability have changed, but many people are still going by the old rules, having a very difficult, if not impossible, time learning to adapt to the rules of the new, unpleasant reality.

    I have no children of my own, but the oldest nephew graduates from college soon, and next year the oldest niece will graduate as well. Other nephews and nieces will follow in the years to come and I don’t envy them at all. They’re still going by the old rules they learned from their parents, with whom they will probably be living for a long time to come.

    • John S

      When I was forcibly retired from my last publishing job I went back to cooking in a restaurant. I figured there is no way to move that job to India.

    • Ajax Obono

      well, anyone who thinks that engineering is a good field is in for a rude awaking, most engineers work long hours because of high expectations, have very stressful jobs and get treated badly, we all know if you want a BS, baloeny job that you cant get fired from, that’s government work such as public education, rather little expectations, good pay, security & real benefits, plus you get 3 months off a year.

      • Saq

        Somewhat true. But $43,000.00 a year isn’t exactly high paying. Just better than Starbucks.

  • mondobeyondo

    And the majority of these college graduates will spend the rest of their working lives and maybe even beyond) trying to pay off their mountains of student loan debt. Bankruptcy is not an option – student loans are not forgiven in bankruptcy. They stay with you until they are paid off, or until you die, whichever comes first.

    How are these graduates going to pay off this debt working at Starbucks or Wal-Mart?
    THEY CAN’T!!

    So much for the American dream of owning a house, getting married, having a comfortable retirement, etc. Today’s students will more likely spend their working lives much like they did during college – living in a small apartment, eating ramen soup and struggling at a low-wage job trying to meet the basic necessities.

    • Ajax Obono

      I believe student loans are gauranteed by the govt, so if you default the banks get a govt bailout, everyone should go and get their share of the loot now before it all comes crashing down, free money for college you’ll never have to pay back.

  • amicusbriefs

    An entire generation of citizens made slaves to a foreign banking cartel. Slaves in Rome were better off economically than us. At least then, your slavery was declared. Here, it is accomplished through subterfuge and total information control. If NBC/CBS/ABC/FOX and countless country-and-western songs tell me I’m free, I really must be. There was a contract here. Kids were told that there would be qualified, high-paying jobs for them when they graduated. The assholes making the loans to our kids told them that. Those jobs were shipped overseas via legislation that had corporations colluding with Congress to gut the middle class. The contract is null and void. Tell the banksters that you and your fellow suffering college grads are filing suit for fraud, one at a time, until their comb-overs fall out.

  • Steve

    Any student planning to attend senior college or vocational school must be wary of State Student Assistance Commissions. These federal government agencies lie to students with cleverly sutbtle language placing in the minds of student borrowers that they will actually have jobs for which they trained. The truth about the disintegrating world economy is simply ignored in the SSAC brochures and written announcements. The 50% unemployment and underemployment rate of young student loan debtors throughout the United States is simply ignored by SSACs who are concerned only about the interest monies garnered in the repayments. Young student borrowers should realize that senior college and even vocational colleges NO LONGER WILL RESULT IN A MIDDLE CLASS INCOME JOB! Those days are over. Young people should shun the SSACs as money grubbing liars and starve them of the money they crave.

  • nowwthen

    FARM KID IN THE MARINE
    CORPS (Now aT San Diego MARINE CORPS RECRUIT TRAINING) Dear Ma and Pa,

    I am well. Hope you are. Tell Brother Walt and Brother
    Elmer the Marine Corps beats working for old man Minch by a mile. Tell them to join up quick before all of the places are filled up. I was restless at first because you get to stay in bed till nearly 6 a.m. But I am getting so I like to sleep late. Tell Walt and Elmer all you do before breakfast is smooth your cot, and shine some things. No hogs to slop, feed to pitch, mash to mix, wood to split, fire to lay. Practically nothing. Men got to shave but it is not so bad, there’s warm water and nice soap.

    Breakfast is strong on trimmings like fruit juice, cereal, eggs, bacon, etc., but kind of weak on chops, potatoes, ham, steak, fried eggplant, pie and other regular food, but tell Walt and Elmer you can always sit by the two city boys that live on coffee. Their food, plus yours, holds you until noon when you get fed again.

    It’s no wonder these city boys can’t walk much. We go on ‘route marches,’ which the platoon sergeant says are long walks to harden us. If he thinks so, it’s not my place to tell him different. A ‘route march’ is about as far as to our mailbox at home. Then the city guys get sore feet and we all ride back in trucks.

    The Sergeant is like a school teacher. He nags a lot. The Captain is like the school board. Majors and colonels just ride around and frown. They don’t bother you none.

    This next will kill Walt and Elmer with laughing. I keep getting medals for shooting. I don’t know why. The bulls-eye is near as big as a chipmunk head and don’t move, and it ain’t shooting at you like the Higgett boys at home. All you got to do is lie there all comfortable and hit it. You don’t even load your own cartridges They come in boxes.

    Then we have what they call hand-to-hand combat training. You get to wrestle with them city boys. I have to be real careful though, they break real easy. It ain’t like fighting with that ole bull at home. I’m about the best they got in this except for that Tug Jordan from over in Silver Lake. I only beat him once. He joined up the same time as me, but I’m only 5’6′ and 130 pounds and he’s 6’8′ and near 300 pounds dry.

    Be sure to tell Walt and Elmer to hurry and join before other fellers get onto this setup and come stampeding in.

    Your loving daughter, Alice

    • Raymond Shope

      GTFO here…lmfao…such bs

  • Old Man

    If you believe that by being educated you should be very employable, then you clearly has not been educated enough.

    Education is essentially learning key facts and how to think and solve problem. You go through a preset learning experience after paying the fee. You pass some exams and you get your certification. You role is that of a ‘customer’ who buy skills.

    Getting a job is the opposite: You are hired to do some work. I.e. somebody pays you to release your skills, so that what you accomplish exceeds what they pay you. Whether you get hired depends on many factors most of which are outside of your control.

    The connection between education and job is an unpredictable one in the best of times. And non-existence if the competitive market does not go your way.

    • Ajax Obono

      you forgot about government employment which is where the 47% o cllege grads are getting good jobs.

  • Ajax Obono

    all you old people are missing the whole point of the article, we cant go get entry level jobs as tradespersons or IT people this day in age because those jobs require a minimum of a college degree and experience preferred or the jobs dont exist. You think because you have 20 years experience and can easily get a job that it should be easy for everyone, well it’s not.

  • Ajax Obono

    The US is so pathetic, we Now have grown men mowing grass and collecting trash for a living, it used to be in the USA thst you would pay teenagers in your neighborhood to do this unskilled labor on the weekends, now grown men are running around mowing grass because there are no real jobs.

  • Concerned Citizen

    I could write tons of statements about this topic that directly affects me, but I better give some useful advice to high school graduates who fancy going to college.

    First, I advise not to go to college immediately after graduating from high school, but to work full time for one year. I did it, and that way I actually started to realize what I really wanted to study or what I was interested in. As a positive side effect, not only do you gain work experience (which is always a plus), but you can save some money for later when you go to college.

    Once you have decided to pursue higher education, you want to exploit all opportunities to receive scholarships or substantial financial aid. In other words, you want to minimize your expenses. Going to a college in the same state is always less costly than out-of-state in that regard. I am very fortunate to be able to finish graduate school soon absolutely without debt – the idea of having a massive amount of debt amid a very uncertain job market would shouder my mind.

    Talking about expenses, you need to ask yourself whether community colleges or other alternative colleges wouldn’t be an opportunity. They cost much less than regular colleges, but their quality is not necessarily inferior. I would rather go for a community college with little or no debt, but I would have not much less skills, if at all.

    Okay, so let’s assume you have decided to go to a regular 4-year college. Now you need to select your major and minor. I would always opt for a pertinent major that will actually make you productive (such as engineering, math, etc – not to say that the job market in these fields is heaven, but you will be better off than with a degree in creative writing). If you are interested in a field that has no real demand in the job market (philosophy. religion, etc.), take it as minor to go hand in hand with a useful major. I would also take one foreign language and be serious about it. It is better to master one foreign language instead of knowing only fractions of three.

    Very important: Take as many credits per semester as you can handle. In most colleges, taking a number of coruses above the minimum does not get you charged more tuition per semester – but when you take each semester 16 credits instead of 12, you will graduate sooner, and that means less expenses. Working on campus is fair, but sacrificing credit hours for working off-campus during the term doesn’t make you better off, since the income you earn will be devoured by an additional semester of college. Instead, if you are short on finances, take one year off, work full time again and come back with fresh money.

    And finally: Keep your living standard expectations during college low. Some spoiled brats will make you feel out of place, but your objective is to get a degree and not to overindulge in consumption. I think it is less expensive to live on campus and not having a car than the other way around. I don’t have a car, and don’t miss anything. If I need to buy groceries or other goods, I walk – that way I exercise, so that I can save costs for going to a gym ;)
    To be fair, I have to admit that my college town has a very good infrastructure of public transportation with free buses. In that case, taking a bus is a viable option.

    And for the creative students: Consider studying abroad in places that charge little tuition, such as Europe. Important: Apply on your own and don’t go with the study abroad program offered by your university. If you apply directly to the foreign university on your own, you will pay the local tuition fee (which is miniscule compared to the U.S.). The exchange programs charge you the same fee as for a regular semester, which is unnecessary.

    As you see, there are ways to save money while attending college. My tips come from my own yearlong experience.

  • Obama Christian Church

    This article tells you that there may be another “9-11″ due to the issues with this Osama bin Laden compound being renovated by the feds and Pakistan deporting the family of bin Laden. Read article below!

    WASHINGTON, D.C. (WUSA) — With the first anniversary next week of the successful U.S. Seal Team raid that killed terror leader Osama bin Laden, law enforcement officials in Washington are reminding state and local police agencies nationwide to be alert to the possibility of a terrorist retaliatory attack on or near the anniversary date of May 2.

    “As always we maintain a heightened sense of alert in the nation’s capital, ” said a spokeswoman for the Metropolitan Police Department in response to a 9News Now inquiry about any additional precautions being taken here.

    The Associated Press reports that American intelligence workers have seen an increased flow of information about possible terrorist plans but say they have no specific evidence of a particular plot aimed at a particular target.

    Asked at his daily briefing, White House Press Secretary Jay Carney said ” at this time we have no credible information that terrorist organizations including al qaeda are plotting attacks within the United States to coincide with the anniversary of bin Laden’s death.”

    Within minutes of the announcement last May that bin Laden had been killed, thousands of joyful students celebrated on Pennsylvania Avenue, angering some of bin Laden’s followers, who vowed revenge.

    • Saq

      ….and this relates to the above article how?

    • aj876

      al-Qaeda is run by rogue elements of government and intel agencies since Op Cyclone.

  • aaron jerrido

    people say to go college only key to success but there is more keys to success than just college and then you might not get what you want but your stil in debt and might not have a job to pay it back look were the whole world is going you wish this article was false but its not

  • Jack

    Powerful article, but it’s too little, too late.

    I finished grad school in 2001..right after 9/11 happened. The impact it had on the economy meant I was now fighting to get any job…even a low paying one. Too many people with similar skills to my own and more experience competing for the same jobs. I’m working well below my skill level just to have a paycheck. I can’t be considered for many jobs because my academic credentials are used against me (too qualified).

    As the years began to pass and I couldn’t find ANY job that paid well enough to put me on track for paying off my student loans on schedule, I was increasingly dumbfounded how academia was still pushing education when I knew I wasn’t alone in fighting to find a “good job.”

    Income Contingent Repayment saved me from worrying about going into default on my loans, but it’s not solving my problem long-term. With each passing year, I get even deeper in debt and need even higher income levels to get back on track to pay off the debt.

    I’ve told young people for YEARS (before the 2008 crash), that college is overpriced and overvalued. Unless you KNOW you WILL have a good job the day after you graduate, you’d better think twice about going into debt for an education.

    Did you know that the rule for bankruptcy discharge on student loans was that you had to make payments in good faith for 7 years before they could be subjected to discharge? Did you know the student loan industry pushed to change this to the current “undue hardship” standard back in the late 1990s when things were still going well? They claim it was because of existing abuse of the bankruptcy process. That was a lie. They knew what was coming.

    College gets more expensive every year at rates faster than inflation. The good jobs are disappearing. Anyone with half a brain who THEN was watching what was developing KNEW that there would be a student loan debt bubble.

    The lenders just covered their butts at the expense of every kid who believed the lie that education would lead to prosperity.

    IF YOU ARE A YOUNG PERSON THINKING OF COLLEGE….

    My 2 cents is to get only the amount of education you need to get your foot in the door. THEN GET A JOB! If you can’t find work with what you have, don’t believe for a second that more time in school will magically change that. Employers do not value education over experience. Having experience doing the job carries more weight than any amount of book learning. Go for more education when you are working and can pay your way.

    Better yet, learn to be an entrepreneur. Start your own business…even if it’s just you doing things for people for pay.

    • Concerned Citizen

      I agree with most points of your statement, but how is a high school or college graduate supposed to gain work experience if most employers actually require work experience before they give you the chance to gain any? It’s a vicious catch-22, and I went through it. Sadly, the work experience they want you to have must be related to the area of your task, but it is nearly impossible to gain any insights as a college or high school student.

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  • Tim

    Frankly I get tired of hearing about how my 20 something generation and how we are generalized for our unemployment woes. Yeah I went to college. Yeah I graduated in 5 years with a 3.4 GPA. I got 2 degrees a Bachelor of Science in Information Systems along with a basic Economics degree. I had 2 internships while in college and prior to that I delivered pizzas. In high school I worked in several fast food joints as well as did roofing and dry wall during the summer to help my stepfather pay the bills. Call me lazy, and Ill laugh in your face. After graduating and then finishing up my internship 3 months later (mid 2010) I was S.O.L. Even with proven work ethic and numerous interviews I got shit. Nothing. This is a doggy dog market and this your lazy bullshit I keep reading can get the fuck out of here. I am now finally employed and have been for several months now working on copy machines. nothing I have done up to this point is relevant and 4.5 years of my life have gotton me nothing. I have done it for myself.

    Don’t get me started on my parents generation. I can generalize the same lazy heap of ******* on you all too.

    • Raymond Shope

      Having a degree in IS is NOT the same as having one in CS. Just saying…

  • Gary DiNardo

    I’m not understanding why we don’t impose a TEMPORARY moratorium on immigration. Maybe just until unemployment reaches a politically acceptable level.

  • http://www.aravahanian.com Ara Vahanian

    Hi there

    I’ve been following this website for a while and I find it really interesting. I wrote an article similar to the one here and I think it is sad that over half of our college graduates either have no job or they have a job that is too low paying.
    Here is the link to my article: http://aravahanian.com/employment-and-jobs/unemployment-among-americas-college-graduates/
    I congratulate you for informing people in America the reality of what we are facing. Keep up the good work!

  • jr

    what is the education system in america more than a modern-day bum factory producing laborers incapable of defect-free work. the main contention regarding these abysmal post-graduation employment rates is that the education system itself including the k-12 segments is just a huge employment apparatus for the black segment of the population. for the sake of a k-12 meal production line and a lucrative executive place for black males & females with advanced degrees. with a majority of the education budget ($5 billion+ here in florida) going to employ the black labor segment, america is getting rid of one problem while creating another. by producing demand for a black labor force in the education system america is removing a constant problem with society since the reconstruction era while not focusing on productive cost-effective education techniques such as internet-based education. the education system itself boasts an recent 2009 annual budget of $2 billion goes mostly to infrastructure and housing expenditures for area minority populations and does not have the best interests of the future of the students they produce other than playing favorites with a few of the exceptional ones.

  • emily

    “One thing that I have learned in life is that you must never, ever, ever, ever give up… The years ahead can be the very best years of your entire life, but that will never happen if you decide to simply give up.

    Hi. I find it interesting that I’m just stumbling across this article considering where I am in my life… to make a long story short I’m 27 and I recently had to move back in with my parents (at least I’ve a place to sleep). Money has been incredibly tight… I filled out an application for food stamp benefits about a week ago and am waiting for a reply in the mail to see whether or not I qualify. I’ve been unable to find steady employment for over a year. Recently it’s been difficult to eat regularly (hence my applying for food stamps), and I got so depressed about it that I’ve been contemplating suicide. But what’s worse for me than being hungry and unemployed is being demeaned and insulted because I’ve been unable to find work – being treated like my inability to find employment is the result of some personal defect and I’m just being lazy… I think that’s taken more of toll on me than anything.

    There’s a lot of things I’ve dealt with in my life, mostly health related, that I soldiered through. Not being able to eat when I was hungry is definitely a new low for me. I feel tired a lot. I’ve lost a lot of weight in the process; I know I’m underweight actually, malnourished. This isn’t an attempt to make anyone feel sorry for me. I’m acutely aware that millions of people just in my country alone, are experiencing the same thing I am. I just wish people would be a little more kind and considerate, and think before they open their mouths to berate or degrade someone when they can’t even begin to understand where that other person is coming from. That’s why blogs and other news sources like yours are so important – to inform others and get the word out about what’s REALLY going on. So many people have no idea what their fellows are going through, or what condition our society is really in.

    I wanted to thank you, the author of this article, whoever you are. I haven’t completely ruled out killing myself but you’ve certainly given me something to think about. And thank you for trying to give people like me a little hope. A little kindness, even if only through words, is at a premium these days especially in my life. I will think carefully about what you’ve said. Best wishes to you and your efforts. God bless.

    • Michael

      Emily:

      Please do not give up.

      Almost all of us have been at very low points in life. But the key is not to give up.

      Your life can turn around. I promise you.

      But you need to have the courage to keep going.

      Please post again. We want to hear from you.

      Yes, things are hard, but there is hope.

      In my experience, I have found that God can turn around anything. I would encourage you to read the following article that I once wrote….

      http://whatdoesthebiblesayabout.com/archives/what-does-the-bible-say-about-salvation

      Michael

    • dissapointed

      Emily sometimes I feel that way to. I myself have had to give up food to pay bills or gas. You aren’t alone next time you feel that way just think there is someone in TN who has delt with simaliar issues.

  • Joyce Spring

    I am a small business owner, (Family Convenience Store) My 19 Yr old daughter has been employed for 4 years legally on the books, Working the maximum allowable hours at our family business. She receives good full-time salary pay. My daughter and I sit here and research on weather she should be considering college. We have come across many sad stories like what we have been reading on here and it just breaks our hearts. I will be sure to pray that everyone will see a brighter future soon. America does not deserve this… We have always been hard working citizens. But I feel for our American Children who are being forced by peer pressure to go off to college by so many people. It starts at home with the parents telling their children “IT’S LIFE” College is mandatory.. Then the School guidance counselors “FORCE” our children to fill out applications for the college of their dreams… (My daughter was forced to fill some out) But when she came to me and said to me “Mom, I dont feel like college is for me at this time” She did her own internet research and noticed the shaky economy and she stressed the debt that she was fearing.. (She did receive a scholarship that would’ve paid for part of her tuition but she was still having doubts. I told her “It was HER choice” and that I would love her no matter what decision she would make. My daughter decided to stay home and work full-time at the family convenience store. I had many parents of my daughters friends LOOK DOWN ON ME… Because I didnt force her into college. Parents would be sitting bragging what college their Son/Daughter had been accepted and what college they were going to be attending. Then I would get the same shame from each one of them for not forcing my daughter off to college with her friends that she had graduated with. Needless to say.. 4 months into the first year one of her friends could not hold the grade level average required for that class and was flunking out.. She stopped going to college and would skip her classes but felt shameful for letting her parents down. Now shes in debt and has college tuition to start paying back. I have heard her blame her Parents for forcing her into debt. Then my daughters 2nd friend dropped out 6 months into college and she too puts the blame on her parents for her college debt.. Both of my daughters friends have told her.. I wish I had parents like yours, because we had allowed her to make her own decisions. My daughter feels horrible because as she applied for a brand-new car loan and her loan was accepted all on her own through a credit union with a 4.2% interest rate with No co-signer she was excited. The loan officer had told her she was approved for 2 reasons.. #1. She had worked at the same employment for 4 years and #2. she didnt have any college loan debts. Now as she drives around in her new car making her car payments faithfully on time and establishing her own credit, She still has to deal with the customers who come into our family convenience store asking her why she is NOT in college. We have had Co-Workers that were college kids asking her Why she wasnt in college.. It really bothers her.. She tries so hard to defend herself and tells them the internet research that she has done showing her our shaky Economy is her reason, And when “SHE” feels the time is right.. She will make her own decision of when to go… Needless to say the college kids who worked at the family business and has since graduated while working with my daughter for the past 4 years … One with a bachelors degree and One with a Masters Degree, Can not find the type of work they had went to college for. These were the same-ones who made her feel shameful for not going all the while they were attending and working at the family convenience store with her.. After college was over for them, Customers would come in and ask if they had gone to college and if they had finished and if so.. Then why were they still working at the convenience store.. Some people (Customers) can be extremely rude when it comes to this subject.. They are to my daughter “EVERYDAY” and then to these other college graduates.. These customers had made these associates feel so guilty for still working there after all these years. That the associates eventually quit their employment with me. (so they didnt need to face the same rude customers everyday) One went to work making the same salary rate that they had made working for me, even though it will be a seasonal job and a deff layoff a few months every year. and the other isnt working anywhere. Im not sure if it was a pride thing that my daughter didnt listen to them that she should be in college and was able to get a brandnew car all on her own or if it was the belittling they had to deal with from some customers. Bottom line is… I’m glad I dont have to feel as though I had forced my daughter into debt.. and that I allow her to make her own decisions.. Good Or Bad..

    • Tj

      That is good. I love hearing a positive story like this. Everybody loves forcing college on their kids.

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  • Miserable P

    You made me cry. I grew up wanting nothing more than to please my loving parents and work my ass off so I could one day give them a better life. I graduated cum lade from college and at my family’s urging, went to law school. While I was in law school, the school basically emailed us saying “lol guys there are no jobs so come to career counciling and get advice!” I made an appointment right away and was told “the dean of the school suggests you live cheaply because you ain’t getting a job SUCKER.” I have never gotten angry enough to scream and yell at a stranger in my entire life, but I lost it. I screamed at how the Dean was making 6 figures off us and she DARED to tell us to “live cheaply?”

    Despite my meltdown reaching the ears of every professor and dean in the school, I graduated and while my parents were beaming, I was in such misery because I knew by doing the right things in life, I failed them anyways. I am still working in retail where everyone talks behind my back thinking law school = a billion dollar job. I am deferring all my loans still and I can’t even bear to look up how much interest is accruing off $160,000 for another useless degree. My parents are still proud which hurts more than anything.

    Long story short, I have been (for the first time ever) seriously contemplating suicide recently so they won’t be burdened by me anymore, but the end of this article has given me some hope. After all, there are others in similar situations and thousands of law school suckers out there too, so it makes me feel less alone.

    It just hurts knowing you’ve burdened the people you love while they’re struggling as well. And like someone said before me, it hurts when other people look down at you thinking you’re too lazy/stupid to get a “real” job.

    • Raymond Shope

      F that. It’s not your fault that they economy is falling apart. You don’t work in Washington, D.C. Your best bet is to join the rest of us in NOT voting these puppets back into office for another term.

  • Deborah

    I feel the pain of all these people, I really do. I have to say though that 47% of college graduates are landing good jobs, you need to fight to become one of those. If your first job isn’t what you hoped for, work hard, learn new skills, grab a hold of every opportunity that comes your way, do something no one else will do, become the very best employee you can be. I’ve always done these things and have still had the rug pulled out from under me. These are hurdles that you have to find a way to go around, jump over or crush. That’s all you can do, but that’s a lot and it’s more than most will do and that’s the name of the game and how you will eventually get ahead, until your next job loss or other hurdle. Then you have to plan your next move and go again. After the last company I worked for closed I saw a job posting at 4:00 in the morning. I contemplated waiting until later to submit a resume. I decided no, I’m going to send it out now. The next day I was called and landed the job. Once years ago I had gotten the newspaper every week, sent out resumes for quite some time. I was going to take a break one Sunday. A friend called me and said did you see this job ad today – I went out, got the paper, saw the ad and landed the job. My point – Take that extra step, you never know – Oh, well should never be your moto

  • 2amCoffee

    Do not pray for easy lives my friends, pray to be stronger men -JFK

  • Outtaworktoolong

    I am 47 and have a B.Sc. in Computer Science, B.Sc. in Chemical Engineering, and B.Sc. in Economics. When I first started in the workforce, had no problem getting exceptional jobs. Those jobs allowed me to get a house and two cars with no debt. Good thing, because over the past 6 years I have been “downsized” from a $110,000 job to a $42,000 job to a $22,000 job to part time work at $11 an hour. It’s a bold faced LIE that corporations whine about not being able to find “skilled” workers. They want CHEAP workers, preferably immigrants like here in Canada so they can get nice Immigrant worker tax credits!

    • Raymond Shope

      I totally agree with you. Perhaps you should go into business for yourself making chemical products?

  • Saddenbyevents

    Our beautiful young people so impressionable by liberal teachers and propaganda. Never, never in the world has socialism ever worked out well forit’s citizens just ask Greece, Spain, Detroit, MI and so on. My heart goes out to you as a parent you are our hopes and dreams too. I too am feeling it. I no longer have a job since December 2012. I don’t know what to do with myself. As a family we have always save money every week for retirement and our children $20.00 dollars a week each over a working life is a good nest egg please remember that. Try to start saving now. At first, it will seem hard but just bring a lunch instead of buying one after a while you would feel it as much. As a family we saved and saved and we are better off than most. Still I too had a dream that once my children went off to college I could then start a business career it turns out that time is now but, there doesn’t seem to be any good direction to go. We love you even though these votes for Obama have crippled our country he believes spending is nothing and debt is a warm blanket I do not hate him though he was taught by teachers who never lose any pay or their jobs and that have an eternal pension that burdens all of society they really are not even reasonable in their contract over a while it just is to much for any community to handle. I do not see the Democrats ever stop spending. I honestly don’t know if we will make it as a country. Please keep your self safe and help each other. EYES OPEN NO FEAR!

  • aj876

    The US needs to transition into a real productive economy. This transition will be painful because we have no savings, no capital.

  • ryanc

    I identify very much with this article, being a recent
    graduate. I worked hard all through school, got Mostly A’s… some B’s and a
    degree in international business.

    I hate it! Never should have done it! Now I’ve got 30k worth of debt I will
    never be able to pay off working for $9 an hour at Wal-Mart!

    I thoroughly
    believed I was tricked, by the same people who caused the economic collapse and
    the loan crises a few years ago. I was tricked into debt slavery! I’m glad I didn’t
    go to grad school! I’d be in an even worse place now.

    If you’re reading this, I know its tough! Don’t let it break you though! If
    anything avenge the life’s of all those who were taken advantage of.

  • jessie

    Just want to mention this: 4-year universities are primarily academic and research institutions, and many people attend them as precursors to professional schooling – medical school, dental school, or PhD programs (I graduated from my university with a Bachelor’s in Biology and am now a grad student in molecular genetics). I was never so stupid to have thought that a undergraduate biology degree would get me a high-paying job out of college. That being said, scientists are not millionaires. People pursue these careers for the love of the subject. (I did not take out a loan.)

    I understand that academics/research are not for everyone, and believe that people should be aware of their options in 2-year vocational training, trade schools, or just working straight out of high school. But a lot of people do attend universities to pursue purely academic, and not vocational, interests. I have friends who majored in English, Languages, etc. while working part-time and doing internships. Now they actually work full-time at nonprofits, banks, or writing for newspapers (not coffee shops or whatever). I think a lot of people just misunderstand the interests of college students.

  • sean

    Well I went to an excellent private college located in Hud Valley, NY. Earned a 3.25 w/ a bachelor’s in business in 2000 and had one contract position in 2001 that lasted six months. After about fifty interivews, I just gave-up and haven’t found a job since!!! It is now 2013. Thank heavens for my generous parent. Self esteem is SHOT!

  • sean

    Do not got to college! I did for 4 years and never got a job. Go to a 6 month or 1 year hands-on trade program. You will be certified in something and move up the ladder by your late twenties. College degrees are extremely broad and do not provide real-life experience, other than internships that are just as difficult to land. The career services people are useless. They favor people.

  • Anonymous

    Thank you so much for writing this. I think as Americans we have it in us to not give up. It’s true that things will get harder but I’m hoping and praying that we can all learn to grow stronger individually and especially as communities. One plus side to all of this is the amount of soul searching that many of us are having to do; I’m hoping that the selfish decisions that our banks and leaders have erected which have resulted in our economic crisis will be a huge lesson for us as the younger generation. I feel like at the end of the day it really comes down to who we are as people and what our characters are made up of. I’m not just talking about getting good grades and an over the top work ethic – I’m talking about getting up on our feet again, shaking the dust off, doing what we can with what little we have, never forgetting to help those around us who are also in need, and realizing that if we stick together in this and learn to see that a productive life isn’t just about money grabbing and stepping over others but about true cooperation and partnership – just maybe we can come back strong as a nation, even if our economy is suffering.

  • Ben

    Hard Work doesn’t pay off.

    It never has and it never will.

    I have a degree and I would do literally anything for a job, but being good at what you do or even purposeful doesn’t seem to matter anymore.

  • Carry

    Its so sad I agree everywhere I see this happening. I am 46 and its only thanks to where I was born in history that I am right now ok but like everyone else,for how much longer? When all the chattering class friends I had in London, UK, boasted about their house price rises I could never understand–What about your children is all I could ever think? Its so shortsighted. Now an entire generation has so little opportunity. We have to share more and change everything nothing can carry on like this

  • Cloud

    Why is everyone making this about immigration when it’s obviously about how the minimum wage hasn’t been raised sufficiently in way too long. If some of those low-paying jobs would become jobs thatcould actually support someone, then this wouldn’t be an issue

  • iris

    My daughter is a college graduate class of 2012 from rutgers university of nj in camden an she still has no job yet soon to be going on 2 yrs this year here I want president obama to work on more legislation to allow prospective employers to give college graduate that experience by going them a try to gain experience by on job training for that job so give college graduates a chance when they graduate that all they need a chance to suceed for what they went college for so please do more mr president a concerned parent who cares about education to a career

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