Nowhere to Go: 85% of College Graduates Will Return Home Jobless

Fortunately, I am not one of those people. However, by choice I may be choosing a career not directly related to my 4 collage degrees. Heh, LOL.

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Nowhere to Go: 85% of College Graduates Will Return Home Jobless

http://www.shtfplan.com/headline-news/nowhere-to-go-85-of-college-graduates-will-return-home-jobless_05242011

That’s 1.7 million graduates who are going to have their dreams and delusions crushed in coming weeks and months.

How long will we continue to pretend that America’s economy is returning to normal? President Obama and mainstream economists can argue all they want about us having avoided a depression, but that’s far from the experience being had by millions on Main Street.

The real unemployment rate in America is north of 20% – that’s one in five Americans who can’t find work. College graduates, who have been made to believe throughout their lives that a college degree is all they will need to find a ‘good’ job are getting a rude awakening. For any meaningful position that becomes available, there are thousands of applicants. Heck, when McDonald’s held a job fair recently, there were hundreds of thousands of applicants for positions paying minimum wage. This should tell you something.

The government would have us believe that economic growth as measured by GDP is positive. This is yet another falsehood, as a large portion of those growth numbers are based on price inflation. Without jobs there can be no actual growth, there can be no increase in consumption, and there can be no recovery.

The most alarming aspect for those who subscribe to the view that things aren’t exactly as they may seem by mainstream accounts is that the negative feedback loop will only accelerate. As more people lose jobs or can’t find jobs, less money is spent on consumption, leading to even more job losses.

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