This generation of young folk is witnessing a disturbing break between the promises of a market economy and our economic reality. Hard work no longer means success. Education does not mean marketability. There are simply no jobs. Nothing is certain. Nothing is guaranteed. No one is left to keep their promises. You know things are bad, when the risk of starting your own business from scratch at 24yrs old, are comparable to trying to find a "real" job. I know I speak for the young here, but those old fogies who got laid off must be feeling the same kind of angst.
Many people have started speculating about what this could mean... a whole generation of disaffected youth, who, having lived through this time, will never "recover" even after the economy does. They say, leaving school in this depression/jobless "recovery" will have a permanent effect on the earning potential of this generation. Some even say, these and related frustrations are at the root of the protests of in the Middle East right now.
Read...
here and
here. Then enjoy the comic below.
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