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America has been sold - 53 Percent Of All Young College Graduates In America Are Either Unemployed O

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posted on Apr, 24 2012 @ 01:21 AM

I cannot believe my present situation…

I worked hard in school and college so that I could escape the low income uneducated mess I grew up in.

I made all the correct decisions with my career, finances, etc. I cannot figure out how I got to where I am at now.

In late 2008 I was laid off in the IT field. I was a go-getter, and I didn’t let anyone tell me the economy would make it difficult to find a job. I had another within 4 weeks.

Was laid off from that job last year. I qualified for unemployment, but then my employer decides to bring a bunch of lawyers and fight my eligibility. After I won again, they appealed again. I finally couldn’t afford to keep paying attorney fees. I finally lost the appeal. I had to pay all that money back.

I’m still trying to find a job in my field. Being the go-getting I am, I immediately took a job waiting tables which amounted to a 75% pay-cut.

I had saved 6 months of expenses and that is completely dry. I have completely drained my retirement and savings. Still cannot find a livable wage job after almost a decade in my field.

Things are slowly going into default and it feels utterly hopeless and stressful. My pristine credit rating is gone, my savings and everything I worked for is gone. I haven’t missed a payment on my mortgage, but it is coming. I can’t cut anything more than I already have.

I just can’t figure out how this could have happened to me. I played by the rules and made all the right choices. I skipped vacations and time off to prove I was a good worker and had what it took to be a valuable employee.

I really am just at a loss at this point. I’m single and have no family. This is really make-or-break for me. I have no fallback plan. The feeling of failure is just gut-wrenching.

It is just so saddening to see that many well qualified college educated folks working menial jobs as cashiers, retail clerk, flipping burgers, waiting tables, bartenders. I have known people with PhDs and MDs who have waited tables etc.

I cannot begin to fathom how much of a terrible disaster that America is now in. The well off middle class is now being slowly cut into the poor class families as the super super rich keep talking all the money and keep outsourcing the jobs. How many times have you called customer support for some company and only to get some call center in India. It is ridiculous.

I know people who went to professional schools, lawyers docs etc who have 200K in loans but are unable to secure a job to make those payments. Is it worth getting an education these days with such a bleak job market? We have student loans but then are unable to pay them back and then our credit rating drops; an absurd number designated as how good of a slave we are.

Nowadays you need good credit for just about anything. It literally is a disaster. As we see more and more of the middle class being wiped out it there may be an uprising. We are being quelled by gadgets, smartphones, a million TV channels, antidepressants so that we do not worry about our communities. We are kept fighting amongst ourselves so that we do not unite. It is cool to be ignorant these days. Look at how much ignorance is prized in reality shows such as Jersey shore among a host of others. It is cool to be dumb...etc.

There is so much more to talk about but this is just the beginning...

posted on Apr, 24 2012 @ 01:31 AM
Good, I'm glad to see these figures.

You're 25 years old and you haven't contributed anything to society. Mom and dad put you thru college, they helped you as much as they could.

Now you're on your own, lost and helpless like a child.

No real skills, no talent and no future.

Welcome to the real world where there are people just like you making it work everyday. It ain't easy and it doesn't pay well. The people that whine and cry like babies end up in the welfare line and the people that work thru it are the millionaires.

It's called life.

posted on Apr, 24 2012 @ 01:34 AM
reply to post by litterbaux

The people that whine and cry like babies end up in the welfare line and the people that work thru it are the millionaires.

Not necessarily. People who have connections and good money get to send their kids to the big ivy leagues which ensures a good paying job at goldman sachs, and it is an exclusive club whom a lower income class individual will never be able to obtain. There are always some exceptions but there are more people who work hard and not get it than those who get it.

posted on Apr, 24 2012 @ 01:34 AM
reply to post by THE_PROFESSIONAL

Offshoring and Globalisation have destroyed the US Economy so it is no surprise that there are no jobs for US graduates.

A Nobel prize-winning economist, Michael Spence concluded that offshoring has ruined the income and employment prospects of most Americans.


The author make the point that it is strictly impossible for an economy to be moved offshore and for the country with the offshored economy to remain prosperous.

Offshoring causes the dismantling of the ladders of upward mobility that made the US an “opportunity society,” and an extraordinary worsening of the income distribution.

Gloablisation is to blame for there being no jobs for US graduates.

edit on 24-4-2012 by ollncasino because: formatting

posted on Apr, 24 2012 @ 01:36 AM
I got a job but it feels like I'm a homeless person begging for hours.

Totally something wrong with this society when the person whose is not working makes more than your paycheck.

Still trying to figure that one out.

I want to catch that gravy train.

I'm a 2 yr college graduate going on 4 yr.

Pardon me,

My brain and eyes are fried from this whole week. So I may slip up on grammar.

edit on 24-4-2012 by Manhater because: (no reason given)

posted on Apr, 24 2012 @ 01:37 AM
reply to post by THE_PROFESSIONAL

Us kids have got a potentialy eternal life to pay of such a miniscule debt.

Dont dispair my friends... chop wood and carry water. Do good work and suffer well.
edit on 24-4-2012 by Wertdagf because: (no reason given)

posted on Apr, 24 2012 @ 01:41 AM
reply to post by litterbaux

I don't feel bad for ANYONE who thinks they can get a Job,with any of these degrees........

10. David Beckham studies – Staffordshire University, UK
9. Parapsychology – various colleges
8. Doctorate of Philosophy in Ufology – Melbourne University
7. The Phallus – Occidental College
6. Surfing Studies – Plymouth / Melbourne
5. Philosophy – various colleges
4. Queer Musicology – UCLA
3. Star Trek – Georgetown University in Washington
2. Golf Management – University of Birmingham / Florida Gulf Coast University
1. Art History – various colleges

Honorable Mentions:
The Science of Harry Potter – Frostburg University
Learning from YouTube – Pitzer College

Top 10 Useless College Degrees & Classes

posted on Apr, 24 2012 @ 01:45 AM
What is for sure is that the rich are getting richer while the poor are standing still or going backwards.

Income Gap Widens: Census Finds Record Gap Between Rich And Poor

The income gap between the richest and poorest Americans grew last year to its largest margin ever.

The top-earning 20 percent of Americans – those making more than $100,000 each year – received 49.4 percent of all income generated in the U.S., compared with the 3.4 percent made by the bottom 20 percent of earners, those who fell below the poverty line, according to the new figures. That ratio of 14.5-to-1 was an increase from 13.6 in 2008 and nearly double a low of 7.69 in 1968.

At the top, the wealthiest 5 percent of Americans, who earn more than $180,000, added slightly to their annual incomes last year, the data show. Families at the $50,000 median level slipped lower.

Timothy Smeeding, a University of Wisconsin-Madison professor stated "More than other countries, we have a very unequal income distribution where compensation goes to the top in a winner-takes-all economy."


There are winners from offshoring and globalisation - the rich.

For everyone else, things are either standing still or going backwards.

edit on 24-4-2012 by ollncasino because: clarify

posted on Apr, 24 2012 @ 01:47 AM
reply to post by sonnny1

Most foreign people are into science, math engineering, things that seem 'nerdy' or 'dorky' to the common american whom a lot go to college for the experience of partying. Most graduate students in the USA are chinese, that is a fact.

posted on Apr, 24 2012 @ 01:52 AM

Originally posted by sonnny1
3. Star Trek – Georgetown University in Washington
2. Golf Management – University of Birmingham / Florida Gulf Coast University

Some things are worth the effort!

posted on Apr, 24 2012 @ 02:02 AM

Originally posted by THE_PROFESSIONAL

.....the common american whom a lot go to college for the experience of partying. Most graduate students in the USA are chinese, that is a fact.

I think opportunity is out there .

There are alot of people looking for handouts also. The "Poor me" attitude. That's a fact also.

Then you get these type of people. Blinded.

posted on Apr, 24 2012 @ 02:03 AM
reply to post by litterbaux

Who do you know?

Most of the people that I know in this situation have worked since the day they legally could and put themselves through college. A good many of them moved out within a year of graduating high school and never went back. Most of them majored in things like Computer Science or Business.

No matter what my generation does, it's never good enough for you people. It doesn't matter how hard we work, and it doesn't matter that we played by the rules, it's somehow our fault that we can't get a leg up in a world that you ruined and we're paying for a situation that you created.

You want to talk about responsibility and contributing to society? How about you older folks take some responsibility for blowing the economy apart? For voting in politicians that shipped all the good jobs overseas? For creating an educational system where we were brainwashed to either go to college or be bums?

Oh, what's that? You'll just do the same thing that most of you have always done: blame us by saying we're bad people and spoiled rotten little monsters.
edit on 24-4-2012 by AnIntellectualRedneck because: (no reason given)

posted on Apr, 24 2012 @ 02:06 AM

Originally posted by SLAYER69

Originally posted by sonnny1
3. Star Trek – Georgetown University in Washington
2. Golf Management – University of Birmingham / Florida Gulf Coast University

Some things are worth the effort!

I thought for sure, my "hands on" training,would get me paid in this field........

7. The Phallus – Occidental College

posted on Apr, 24 2012 @ 02:17 AM
This is a worldwide problem i'm afraid, how long can this situation last?

The people need to stop in an instant to cooperate with this madness, we can get out of this loop of slavery and dependent upon the system to live.

posted on Apr, 24 2012 @ 02:43 AM
I'll be graduating from college next year, assuming the school still exists in any recognizable form next year.

I'm an Electronics and Computer Engineering Technology major, and my prospects look better than most but they're still less than promising. I've tried in vain to find an internship, but I'm still looking, I won't stop.

I'm beginning to think I'll just start my own small business producing electronic music equipment. I'll probably barely make minimum wage, but at least I won't have to work retail.

I should add that it is becoming increasingly clear that not even science and engineering majors are safe in the globalized world. Some large medical device companies near me have recently started hiring graduates of Indian engineering schools. For the most part, the Indian guys don't seem to have quite the breadth of knowledge that a degree in the US will get you, but they are still pretty darn good at what they do--- and they're making-- get this-- 12 bucks an hour!!!
edit on 24-4-2012 by Infrasilent because: Wasn't Done

posted on Apr, 24 2012 @ 02:46 AM
reply to post by THE_PROFESSIONAL

I have to agree with everything you're saying here. Contrary to the assumption some make, I'm not 25 myself..I'm 38 and college isn't my choice or long lost dream fulfilled. Hardly...It's the only shot I would seem to have as a middle aged former trucker with medical disqualification from that career.

Now this is only an option because computers and web design are what I've done virtually every waking hour I haven't been driving for a lifetime and I have a business of my own as my sole intention when I graduate with my Associates or higher if I go.

I couldn't imagine the bleak options some of the young generation who truly don't have the experience or ability to start a business and make that particular path work are facing. Jobs are few and far between in far too many cases. When I'd checked into the local employment office and got myself registered late last year, the people said a large % of the people they saw were off the interstate and just passing through if there weren't jobs available to stop for. It's an amazing and BAD time to be around right now and I sure hope it clears up soon.

We'll all have this student debt to the day we die...I think most have accepted that by now. It's just how it is. $100K?? $200K?? MORE is sure possible.. Who pays this AND makes a living right now??

At least Student Loan payments are low enough to just maintain as background annoyance forever. It's be a killer at credit card payment demands... That's the only saving grace.

posted on Apr, 24 2012 @ 04:54 AM
Reply to post by litterbaux

Wow, someone's been watching too much tv or they've been listening to someone born 60 years ago. Lol.

Keep gloating that you have no debt, that you're so much better, etc.

Divide and conquer.

Posted Via ATS Mobile:

posted on Apr, 24 2012 @ 05:01 AM
reply to post by litterbaux

Millionaires? Really? For sticking it through?

And you think b/c someone is 25 years old they couldn't have possibly contributed anything to society? In the Information Technology field?

Maybe after WWII, but not 2012.
You make it through in 2012, you get hit 6 months later with something else, all the while inflation is eating up your ability to save.

I respect your opinion, and the hang in their attitude, but that seems a bit out of touch with reality to me.

posted on Apr, 24 2012 @ 05:16 AM
the sad fact of the matter is that we don't need everyone going out and getting those college degrees and we don't have the jobs for when the graduate.
and, we will always need those cashiers and other low payed workers!
instead of griping at the kids that they should be going to college and getting degrees, we should be griping at the employers of those low wage jobs to increase their wages to a livable standard!!!

for those who are considering college, maybe something in the medical field would offer some long term promise. with so many boomers booming into old age, that field is sure to need more and more workers. and since they get about half their revenue from the gov't, there should be plenty of money. you will probably end up giving most of your paycheck back to the gov't in the form of taxes, so they can give it back to the healthcare industry, but at least you will be in that loop???

posted on Apr, 24 2012 @ 06:06 AM
Also, before some of you chime in with that "work hard and you'll go places" attitude, let me just tell you that this attitude is nothing but a LIE!

All my father did when I was younger (around 16-17) was tell me that I had to work my way from the bottom up to the top.

Well, I'm 30 now and it feels as if all of those years of balancing crappy, menial jobs with a part-time education were for nothing.

My father's generation still thinks that you can walk out of high school straight into a high-paying job. I bet that they miss the days of $2,000 new cars and the ability to purchase a house for much less than what it costs today.

Well, my father's generation needs to get their heads out of their asses long enough to realize that they made some of the choices that are coming back to screw their children eternally. Ditto for the Gen X parents (at leas the ones that I deal with everyday) that are setting such a wonderful example with their utter lack of child rearing skills.

And before you tell someone who's venting to "suck it up", you might want to look at the state of the world.

We are working ourselves into peasantry at this point!

By the way, my student debt is all mine. My parents have had and will never have a part in paying for my education. You can imagine the pressure to make more money at a better job so I can balance debt. What a depressing life at this point.
edit on 24-4-2012 by The Sword because: (no reason given)

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