Why 2009 College Graduates Will Win Big
On campuses all across America you can practically feel the fear. But despite schools closing with sick students, kids and parents aren't afraid of the swine flu. In the wake of the economic crash, they're afraid that the jobs flew.
If you scratch below the surface of this recession-triggered fear, you quickly discover two key realities. First, what really has graduates most disturbed is not the scarcity of jobs--it's the disappearance of business-as-usual jobs. Gone are the big-ticket positions on Wall Street; the blue-chip jobs at management consulting firms have dried up; the high-end jobs at old and storied companies and sexy technology startups aren't there for the picking. In other words, the cool jobs that top students effortlessly slid into in the past, complete with signing bonuses and ego strokes, aren't in the cards for the Great Class of 2009.
The second reality is that the Great Class of 2009 is better off because those jobs aren't waiting for them. This year's graduates dodged a bullet. It's the bullet that nailed the CEOs of America's car companies when they mindlessly flew to Washington, D.C. in their private jets to ask Congress for a bailout. It's the bullet that hit the Wall Street bankers who mindlessly handed out bonuses to their bailed-out executives using money from the public treasury.
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