The graduates and job seekers of today are the most educated in history, yet, about 1 in 5 people aged 15 to 24 in developing countries are unemployed according to the Organisation for Economic Co-operation and Development.
In Tunisia, these figures are even worse and unsurprisingly a revolution began over there last December and in Egypt too, where the young took to the streets to protest about the situation.
How will those who are recent graduates, unemployed or job seeking, suffer from being in this position in a recession?
Research shows that trying to break into the job market during a recession can have long-term detrimental effects on people.
A study by Lisa Kahn from Yale, who studied American graduates from the 1980s recession, found that 15 years later, they had lower salaries and less prestigious jobs than those who had graduated in good times.
Should we be taking to the streets over here in the UK and protesting about the lack of jobs? Should the government stop supporting foreign and unimportant projects and instead focus on the real issues at the heart of its nation?
Having recently graduated, and having been unsuccessful in the job hunt thus far, I feel frustrated, useless, worthless and unimportant. I am sure I am not the only one. And to hear that this will affect me in the long term too, is upsetting.
3 thoughts on “Graduating in a recession can have long term detrimental effects”
Great article 🙂 but don’t you think there are jobs out there but people don’t want to take them because it’s a low salary?
Additionally, do you support the recent fee rise?
Thank you. I think there are jobs out there, however, people are being forced to take up jobs in professions other than those they are qualified in, and having to put up with low salaries as a result. The recent fee rise is also pathetic in my point of view; more debt for students and no jobs for them when they come out of university; couldn’t be worse really!
Thanks for replying but don’t you think the fee rise was a must because of the huge debt left by the last government?