Dear Class of 2010: You Are Screwed
“There are three formidable obstacles confronting college graduates today. One, the economy, though improving at a glacial pace, is still a wreck. There are no jobs, and the jobs that do exist aren’t the kinds anyone in his right mind would have spent $100,000 to $200,000 to land.
Two, nothing in most middle-class kids’ lives has prepared them emotionally for the world they are about to enter.
Three, the legacy costs that society has imposed on young people will be a millstone around their necks for decades. Who’s going to pay for the health care bill? Gen Y. Who’s going to pay off the federal deficit? Gen Y. Who’s going to fund all those cops’ and teachers’ and firemen’s pensions? Gen Y. Who’s going to support baby boomers as they suck the Social Security system dry while wheezing around Tuscany? Gen Y.”