One of the biggest issues in our present society is the instability of the job market, especially for current college graduates. The link above is a video illustrating the frustration of college graduates and how they can’t find a job right after college. Presently, the unemployment rate for college graduates is approximately 53%, a staggering number compared to the 2000 college graduate unemployment rate, a merely 40%. Before it was all about graduating college and getting that bachelor’s degree but it seems that’s just not enough. One has to do more such as getting that prized internship during college or getting that “exclusive major” such as engineering and finance rather than history or communications.
The college graduate unemployment rate leads to consequent problems such as not being able to pay off college loans and not being able to participate in planned economic consumption. The idea after college is to get a job, buying that nice condo with the brand new BMW, and just splurging the rest of that paycheck in vacations, high end clubs, and nice branded clothes but guess what, without that job you can’t do A, B, and C and therefore not only does it affect the individual but also the macro economy. With no job you can’t pay off your loans and can’t progress financially therefore it doesn’t help you, your parents, or the economy.
The current administration have tried to remedy these problems but yet again I’ve been hearing about these “tries” since I was a sophomore in high school and nothing has changed, if anything it has gotten worse. One can blame the government, one can blame the institution they graduated from, one can even blame God but the truth of the matter is that it really is nobody’s fault. Times are just hard and at this point not one entity can do anything about it. We’ll just have to wait and see.