Recently, Business Week had a cover story on the e Lost Generation” It talks about the impact on young adults when the unemployment rate in the U.S. has climbed for 16- to 24-year-olds from 13% a year ago to more than 18%

“For people just starting their careers, the damage may be deep and long-lasting, potentially creating a kind of “lost generation.” Studies suggest that an extended period of youthful joblessness can significantly depress lifetime income as people get stuck in jobs that are beneath their capabilities, or come to be seen by employers as damaged goods.”

Not only is this a concern for all of our young friends on college campuses but it has the strong implications for the future of our field as well.

“Equally important, employers are likely to suffer from the scarring of a generation. The freshness and vitality young people bring to the workplace is missing. Tomorrow’s would-be star employees are on the sidelines, deprived of experience and losing motivation.”  Check out the whole article here