A Recipe for Despair

From Paul Krugman's blog, a disheartening picture of the world facing our brightest and most ambitious young people:

Here’s the question: of college graduates with a bachelor’s degree who aren’t enrolled in further schooling, how many have full-time jobs?

In December 2007, on the eve of recession, the answer was 90 percent

By December 2009, it was down to 72 percent

As of December 2010, it had recovered only slightly, to 74 percent

To me, that’s a tale of young lives blighted, not just in the short run but perhaps permanently: failing to get a job when you get out of school colors your whole career. And it’s still happening.

This is a society eating its young.