| Akvod said: People can succumb to drugs, become permanently depressed workers. Our kids will not get proper education, they won't be able to land early jobs, reducing human capital. I mean, you guys are over OVER estimating how quickly we can "ride it out".
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Exactly what is a "proper education"? I have a Masters in Information Systems (Computers) and years of IT experience, and haven't work anything remotely resembling regular employment since 2007. If I am lucky, I will be lining up some part time tech support stuff out of the home for less than $9/hr. (no benefits) in the morning to early afternoon, and then leave to clean offices at night part-time also for $10-11/hr. Yes, two jobs here.
In another bit of news, over 50% of those under the age of 25 now are without jobs (from January 2010):
http://www.youtube.com/watch?v=UDqboEt1tx0
I posted more in a group I put up on Facebook called "Degreed and Unemployed":
http://www.facebook.com/group.php?gid=125157977519656
