Big student debt, no jobs

May 222012

Robert Reich to class of 2012: "You're f**ked."

by Robert Reich

Members of the Class of 2012,

As a former secretary of labor and current professor, I feel I owe it to you to tell you the truth about the pieces of parchment you're picking up today.

You're f**ked.

Well, not exactly. But you won't have it easy.

First, you're going to have a hell of a hard time finding a job. The job market you're heading into is still bad. Fewer than half of the graduates from last year's class have as yet found full-time jobs. Most are still looking.

That's been the pattern over the last three graduating classes: It's been taking them more than a year to land the first job. And those who still haven't found a job will be competing with you, making your job search even harder.

Contrast this with the class of 2008, whose members were lucky enough to get out of here and into the job market before the Great Recession really hit. Almost three-quarters of them found jobs within the year…

References
Full story

About Robert Reich

img src="http://sgnews.ca/wp-content/uploads/2012/08/RobertReich.jpg" align=left> Robert Reich, Chancellor’s Professor of Public Policy at the University of California at Berkeley, was Secretary of Labor in the Clinton administration. Time Magazine named him one of the ten most effective cabinet secretaries of the last century. He has written thirteen books, including the best sellers Aftershock and The Work of Nations His latest is an e-book, Beyond Outrage He is also a founding editor of the American Prospect magazine and chairman of Common Cause.

Sorry, the comment form is closed at this time.