Korean Job Discussion Forums

[recessiontime]

Life after college for many means returning home
Recent grads continue to move back in with Mom and Dad

http://articles.baltimoresun.com/2010-06-20/news/bs-md-recent-grads-living-at-home-20100620_1_job-market-graduate-school-marketing-firm

It�s A Great Time To Be A New College Graduate: High Unemployment, Crappy Service Jobs And Crippling Student Loan Debt

http://theeconomiccollapseblog.com/archives/its-a-great-time-to-be-a-new-college-graduate-high-unemployment-crappy-service-jobs-and-crippling-student-loan-debt



more to come

[Louis VI]

So you're saying it's almost recession time?

[AsiaESLbound]

How much more blue in the face do we have to be about this conundrum? It's a fact it's not going away any time soon and there is a lack of employment opportunity. If you try, you can get a job, but it pays too little making life one grind of a struggle no one wants to endure. They would rather hire someone from somewhere in Asia for only $10,000 to $15,000 a year who proudly works 80 to 120 hours a week. In India, a $10,000 a year business process worker (i.e. accountant, call center rep, IT tech) outsourced by American companies is doing well at middle class living, but in the US, $10,000 to $15,000 a year offered in stateside offices just doesn't cut it with the higher cost of living and cost of college there. Many companies off-shoring also have call center offices in the states as a backup in case something goes wrong in India, but pay only peanuts since that's all they are required to pay over on the other side. In today's job market, global competition with economies very different than America's has stripped away good paying jobs that make sense for Americans. The way to get ahead is to have money and a grand business plan idea to propel yourself up to the easy worry free living where Bob is your uncle when you check your bank after automatically paying your debts off in full.

[mises]

Tradesmen are still doing well.

A very good friend of mine completed a masters in engineering/nanotechnology at an excellent university and couldn't find work in the US. He went to Germany. My friends in the US who have come from law school and MBA's in the past couple years are unemployed and now applying to or starting MBA's and law school. It's a rough labour market. If you don't have any skills or designations it's horrific. When you add the debt into the mix it only gets worse.