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.
The crazy part of all the conspiracy theorists was that they were so close to being right. It wasn’t about allowing [insert marginalized community here] taking power. It was really about the capital class taking advantage for their own needs.
Transfer of wealth, solidifying political control over the government and its citizens.