Wednesday, October 28, 2009

Now this is worrying.

I know this has nothing to do with MMA, but this is something that will be affecting me and millions of young adults. Take sometime and just look around you. Not everything is gonna be alright, some things take time while others never return the same. We were all told that a College Degree is the best way to land a job, but how can you land a job when your age is a factor? Give me you opinion on this.


By BusinessWeek

Bright, eager -- and unwanted. While unemployment is ravaging just about every part of the global work force, the most enduring harm is being done to young people who can't grab onto the first rung of the career ladder.

Affected are a range of young people, from high school dropouts, to college grads, to newly minted lawyers and MBAs from Britain to Japan and across the developed world. One indication: In the United States, the unemployment rate for 16- to 24-year-olds has climbed to more than 18%, from 13% a year ago.

For people just starting their careers, the damage may be deep and long-lasting, potentially creating a kind of "lost generation." Studies suggest that an extended period of youthful joblessness can significantly depress lifetime income as people get stuck in jobs that are beneath their capabilities, or come to be seen by employers as damaged goods.

Equally important, employers are likely to suffer from the scarring of a generation. The freshness and vitality young people bring to the workplace is missing. Tomorrow's would-be star employees are on the sidelines, deprived of experience and losing motivation.

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