Getting Thrown Into a Blender

The first and foremost generational challenge that we face is obviously the problem of college tuition costs.  We have learned a lot about loans and affording tuition in this class, so I won’t go through it again.  In the end, affording college is the biggest challenge that our generation faces in terms of higher education.  After receiving a degree, graduates have their work cut out for them when trying to find a job.  In the past, it was relatively easy to find a job that would lead to a life-long career.  Although I hardly ever rely on anecdotal evidence, I know that most of my friends’ grandparents (including mine) worked for the same company and on the same career path for most of their lives.  This doesn’t happen anymore.  Whether the destruction of long-term careers is due to the globalization of the economy or the acceleration of the development of new technology, it doesn’t matter.  The fact is that the problem is present.  In the 1950s and 1960s, a minimum wage job was enough to support an entire family.  A minimum wage job would have led to a career.  Now it is common for one to work two full-time jobs and still not be able to make ends meet.  Once a graduate in the modern economy lands a job, it is still unclear whether that job could support them or whether that job would lead to a career that could support a family.  Overall, the greatest test our generation faces is how we will cope with the rapidly-changing labor market.


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