A new generation of students is getting ready to graduate from our colleges and universities.
The job outlook is grim. The global economy is uncertain. House prices are in a free fall.
But it’s also true that this is an incredibly resourceful and tech-savvy generation and that it will be steeled in the furnace of the economic meltdown. Sometime in the future, the members of this generation who save and invest for the future will be rewarded with a rising stock market that makes them wealthier than they could ever expect to be.
Come to think of it, the current generation reminds us a lot of the folks who grew up in the 1930s, learned to live by their wits and achieve much in pursuing the American dream.
That’s why we urge employers to think creatively about ways to give the newly minted graduates a chance. Unfortunately, a recent study showed that many employers are buckling down on summer hires, squeezing young people out of the market. That’s too bad — this group of young workers could turn out to be another one of America’s great generations.