could find on the Web. The excitement was palpable. It was time to accept your dream job.
A few weeks went by, and you didn’t hear anything—but you didn’t let that scare you. You had an accredited degree. But still, where was the harm in hedging your bets? So you sent out 10 more resumes.
A few more weeks passed. No responses.
No problem, though, right? It was only a matter of time before someone contacted you to schedule an interview. After all, you followed your life plan to the decimal . You got good grades, and were accepted into college—now the next step was to get the job of your dreams. Right? But just to be sure, you sent out a few more resumes. Not too many. Just 75 or so . . . you know, to be on the safe side.
There’s a good possibility that if you graduated several years ago, you applied for a bunch of corporate gigs and still haven’t heard back from any employers. You’re not alone. Juan Somavia, the Director-General of the UN International Labour Organization, has recently announced that global youth unemployment has hit its highest levels ever, with 81 million young people unemployed worldwide. According to a 2009 National Association of Colleges and Employers study, 80 percent of college graduates who were looking for jobs couldn’t find one. The Economic Policy Institute recently announced that the class of 2010 faces the worse job market in a generation, with the Bureau of Labor Statistics putting unemployment among 19- to 24-year-olds over 15 percent. Even more disturbing is the recent study by the Pew Research Center indicating that nearly 40 percent of all 18- to 29-year-olds have either been unemployed or underemployed at some point since December 2007.
If you did hear from a potential employer, there’s a fairly good chance you were denied a position because you were either underqualified for the jobs you wanted or overqualified for the jobs you applied for “just to make ends meet.” It didn’t matter if you had a degree in electrical engineering—you’d be lucky to get an executive assistant gig at a corporate event planning company, if you got a job at all.
But there is a silver lining. You’re now a card-carrying member of the Boomerang Club: The first generation in history to attend college only to move back in with dear old mom and dad afterward because you’re broke, unemployed, and in debt up to your eyeballs.
Hooray for living the dream!
I’m sure this is exactly how you envisioned your postcollegiate life.
WELCOME TO YOUR “REAL” JOB, MR. JANITOR
Maybe you were “fortunate” and did manage to land a job after college. However, chances are that whatever you’re currently doing was not your first choice. It’s probably not even your 10th or 20th choice. Heck, it’s probably not even your 100th choice. Instead of being hired as the vice president of fashion design at Ralph Lauren, you most likely accepted a receptionist gig at Joey Fatayat’s Mortuary where the motto “You Kill ’Em, We Chill ’Em” is proudly displayed on a neon sign in the parking lot. (I’m sure they have a wonderful health insurance plan.)
And if, by some miracle, you were lucky enough to get a job in your chosen field, then you’re most likely grinding it out as an underappreciated, underpaid, underemployed, bottom-of-the-food-chain receptionist-barista-gopher, who often gets mistaken for the company intern.
What happened to the dream job that was dangled in front of you like a carrot on a stick for your entire life?
You departed college with the notion that you were regularly going to make life and death decisions and close billion dollar deals over dinner meetings. So how is it, exactly, that you ended up sitting in a cubicle typing up your supervisor’s meeting agenda, staring at a slow ticking wall clock, and wondering where it all went wrong? Where was your standing ovation for handing in your work early? Or the