Recession looks a lot like a depression to young people

The New York Times managed to make me feel both sad and angry—my two basic emotions!—with this article about the career prospects of recent college graduates as compared to their counterparts in previous generations. That’s the sad part. The angry part comes with Louis Uchitelle’s framing device, which wisely presents the article’s many surprising/dry economic statistics in the context of one particular Millennial, Scott Nicholson. If he still hasn’t found work, I suggest Nicholson hire himself out as the world’s least sympathetic protagonist. He graduated from Colgate in 2008 and has lived with his parents since, unable to find work. He also just turned down a job with Hanover Insurance Group that would have paid him $40,000 a year.

Continue reading