Job market for 2010 graduates
I asked a father today about his son’s post-graduation plans. The kid had every advantage that a loving family could bestow, including 12 years of private school at approximately $30,000 per year and four years of a prestigious liberal arts college at more than $50,000 per year. The kid has the following advantages:
- more than half a million dollars and 16 years of education
- the boundless energy and perfect health of youth
- a lively interest in commerce and making money
- native speaker of the world’s most practical language (English)
- willing to work for minimum wage (and would be willing to work for less if it were not illegal)
One would think that employers would be tripping over each other to hire this kid. What are his summer plans? Like most of his classmates, he couldn’t find a job and will be moving back home to live with mom and dad.
It seems odd to me that folks who run schools and colleges feel confident that they are doing a great job and that their graduates are superbly educated while simultaneously employers don’t think that they can make a profit by hiring the Class of 2010 at the prevailing low wages.
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