http://www.usatoday.com/news/nation/story/2012-06-04/millennials-lack-of-jobs/55676024/1
In class, we talked briefly about the student loan debt in the United States. With more and more college graduates coming out saddled with debt and the job market not improving, the student loan debt keeps rising. On May 8th, 2012, the student loan debt clock has passed the $1 trillion dollars mark and continuing to rise at an alarming rate.
Stories of the job marketing being very limited and students struggling to pay off their debt and trying to maintain a living is not something uncommon or unheard of today. In this article, we see the story of Megan Silsby (age 22) who earned a biology degree from Virginia Tech. She considers herself as a full time worker, however she does not have a job. While living with her parents, she gets up at 8 a.m. every morning and actively applies to jobs all day. The only motivation factor that keeps her sitting in front of the computer is telling herself that interview will come. Luckily, she is living with her parents so living expenses would not be a problem. However, there are millions of graduates who wear the same shoes as Megan, and some in a less fortunate position. Some graduates may have to take two or more part time jobs to keep the paychecks coming in. There are graduates who have doubts about their degree they have earned. I think with such a limited job market, it is becoming more important to study the job markets and see which department has the best chance of success.
I agree with the author saying, “Some recent graduates say they have landed jobs by starting early, networking, taking multiple internships and breaking through Internet screens with personal connections.” Getting that first internship, whether its unpaid or for credit, is important and will gain a competitive edge. Starting out early and working hard in college will surely make job searching “easier.”
I also agree with Jim Davis who says college should be a place to “attain experience- job shadows, internships- and building networks.” Again, this all comes down to getting an experience that would give you a competitive edge and makes you stand out among other people competing for the same position. This also breaks the vicious cycle of “I need experience to get a job, but I need a job to get experience.”
I agree to the above comment of recent student graduates in debt. The unemployment rate is going higher and higher. Due to the economic downfall various issues are arising like unemployment, high cost of living, market crash. All this in turn effecting recent graduates. The graduates are not able to find the jobs right after finishing the education. They are not able to repay the loans that they have taken for their education. One claim is why the college education so expensive?, which leads to such heavy loans. We can also claim why there are no paid internships which will help students to pay loans.
The possible solutions will be if students are given paid internships. The job market should have some jobs reserved for fresh students, it might help reduce the problem.