Today, America's best and brightest are graduating from college full of hopes and dreams, but cold, hard economic reality is rapidly crushing many of them. Record numbers of college graduates cannot find jobs. Hordes of others have been forced to take very low paying service jobs. At the same time, student loan debt loads have become more crushing than ever. The truth is that it is a really, really bad time to be a fresh college graduate. After spending tens of thousands of dollars and investing four (or more) years of their lives in an education, millions of recent college graduates find themselves waiting tables, tending bar, delivering pizzas and working next to (or subordinate to) people who never even went to college. At one time, a college degree was an automatic ticket to the middle class, but now for many Americans all a college degree means is crushing loan payments, sleepless nights and mind-numbing frustration. (Read More....)
Without millions more good jobs, the U.S. economy is simply never, ever going to recover. But at this point, there is every indication that the U.S. economy is going to continue to bleed jobs. In the past, employment would bounce up and down as the economy went through various cycles. But today what we are witnessing is something much different. Over the past 30 or 40 years, literally millions of good jobs have been shipped off to China, India and to dozens of third world nations where half-starving workers are more than happy to slave away for big global corporations for less than a dollar an hour. In the new "global economy" that we were promised would be so good for us, the expensive American worker is obsolete. The giant global predator corporations that now dominate our economy do not exist to provide you and your family with a nice home, two cars and college educations for all your children. No, their goal is to keep costs as low as possible so that their profits will be as high as possible. For many of these giant global predator corporations, that means that paying workers as close to zero as possible is the best decision for the bottom line. (Read More....)
Perhaps the greatest victims of the economic nightmare that is unfolding right in front of our eyes are our children. The overall economic numbers are really bad, but when you examine the impact that this economy is having on children things get really horrifying. Today, 1 in 5 American children live in poverty and 1 in 4 American children are on food stamps. Experts tell us that about 50 percent of all U.S. children will be on food stamps at some point before they reach the age of 18. Up to half a million American children are homeless even as you read this. And yet we continue to insist that we are the wealthiest nation in the world. Well, if we are so wealthy, then why are so many millions of our children suffering so desperately? (Read More....)
Hundreds of thousands of college students all over the United States have just graduated and are getting ready for their first taste of the real world. Unfortunately for them, the real world is not always easy and it is not always fair. In fact, for large numbers of recent college graduates, the transition to a world of high unemployment, brutal student loan payments and lowered expectations can be extremely sobering. But the truth is that we have taught these young people to have a completely unrealistic view of the future. We have told them to take out gigantic student loans without worrying about how they are going to pay them back, we have told them that if they get good grades and do everything "right" that the system will reward them with secure, fulfilling careers, and we have made high school and college so "soft and cushy" that most of these young Americans find that they don't have the discipline and the work ethic to make it when they actually do get out into society. (Read More....)
25 Questions To Ask Anyone Who Is Delusional Enough To Believe That This Economic Recovery Is Real