Today’s young people have endured crisis after crisis—social media upheaval, a pandemic, and political turmoil. And for many eager to finally start their careers, they’re facing yet another uphill battle: entering one of the toughest job markets in a decade.
Job postings are down, and unemployment among recent graduates has climbed to 9.3%, according to the Federal Reserve—its highest level outside of the pandemic since 2014.
But one lawmaker says this may only be the beginning.
Unemployment for recent college graduates could surge to as high as 25% in the next two to three years, warned U.S. Senator Mark Warner (D-Va.) in an interview with Bloomberg, and it could cause a “level of social disruption that’s unprecedented.”
“If we eliminate that front end of the pipeline, how are people ever going to get to that mid-career spot?” Warner added to CNBC.
Well. You have to work until you are 84 to afford the healthcare and food you need to live. Companies hire 100 fewer people than they need to exploit workers and increase profits. So yeah. Ain’t no jobs out there cause those billionaires aren’t creating shit. Guess we are still waiting for those trickle down economics to kick in.
Now democrats are on board and they’re calling it “abundance.”