There was a segment on CNN today about recent college graduates' search for jobs, and their joining the work force.
The good news is that on average, firms will be hiring 16% more 2008 graduates than last year. People seem to be finally getting the idea that us baby boomers will soon be retiring, and are planning accordingly. Some surprising prescience!
The bad news is that many young graduates feel a sense of entitlement. The business analyst on CNN said that so many seem to want to work 6 months and then be made vice-president of their firm!
It's odd that I saw that today, because that's been the topic of recent discussion with various family members. We don't quite get why "newbies" seem to think they can automatically get $15-18 per hour with their first job after college--and some even expect to get that without a college degree!
I've written before about a "dose of reality," and the analyst on CNN said much the same thing in advising recent graduates: be patient, pay your dues, and experience counts.
I am dismayed when I think of the unrealistic expectations of newly-graduated college students. There are only a handful of careers that pay over $50K for starting salaries:
Obviously, none of these degrees are a walk in the park, and all require some pretty strong math and science skills.
The sad truth is that a lot of grads go into their new jobs expecting to earn just as much as those who have been working in the profession for 10 or more years. It just doesn't work that way. The primo jobs, when it comes to earning, require primo degrees. And everyone should understand the concept of fiscal responsibility, and that includes kids. Why are kids graduating from college with thousands of dollars in credit card debt? It's so easy to rack it up, but so many just don't seem to get the concept of interest and paying debt. I think it's appalling that credit card companies are courting college kids (wow, that was some good alliteration, and I wasn't even trying!), because they are, sadly, some of the least equipped to deal with it.
I think everyone needs to get a grip and say, "No, you can't buy the big screen TV, no, you can't buy a brand new car, no, you don't get to rent a townhouse...you're just starting out and you need to save, you need to earn, you need to work for what you want."
Just my opinion, of course.