So here’s a sobering statistic from CNN Money: Less than 78% of people aged 20-34 in the U.S. either have jobs or are looking for jobs. That means that almost on quarter of people in that age group aren’t gainfully employed. And the reasons are many; poor economy, need for advanced degrees, and “structural changes” in the workforce. In short, the path to a middle class existence in this country is shifting dramatically.
The worst part? The trend shows no sign of slowing down.
And if you think it’s bad here, it’s even worse in Europe. The unemployment rate for those 25 and younger is topping 50% in many countries, and the trend lines there are even more depressing.
What does that all mean for our kids who are about to enter this reality? At the very least, it might require some rethinking about what we emphasize in schools…entrepreneurial thinking anyone?
What do you think?