There was a big burst of hurrahs recently when the job numbers were released and it appeared that unemployment rate went down to 7.8% — but if you dig deeper, you see the evidence that it wasn’t because solid, middle-class full-time jobs have been created or filled. It’s low paying, menial part-time jobs. Not only that, we’re seeing the lowest percentage of people in our generation able to find work since they began monthly tracking in 1948.
Unemployment overall may be appearing to be lower: but look at our generation. Nearly 23% of 18-19 year olds are unemployed and over 12% of 20-24 year olds. What does this mean? It means our generation is not just having to worry about decent grades, getting a boyfriend (and keeping him) and figuring out how to sneak past curfew. It means our generation is finding it increasingly difficult to find even a part-time job, we can’t move out or get a decent car, we’re having a hard time paying for the basics and actually starting life sounds like a distant dream. College loans won’t be able to be paid off. Our debt to income ratios are skyrocketing. Waiting tables through college is now becoming the career while a Library Science degree sits in our sock drawer.
There are more than 23 million people trying to find full-time meaningful careers in this country who can’t. And unfortunately, this isn’t just in the U.S. — it’s a disturbingly consistent theme in the UK and Europe as well.
Perhaps it’s time to be an entrepreneur? Fear of the unknown is what keeps a lot of people from taking the leap into business-ownership. But if you can’t get a job the “normal” route — maybe it’s time to take back the dream of a better future. Entrepreneur.com has some great advice, inspiration and brain food. The Inc. 5000 is proof that even in a recession and a horrible economy, there are thriving small companies excelling and creating jobs. Maybe it’s time we look past the woes and depressing percentages and stop being “the 99%” and become part of “the other 99 percent.”