According to the article below, this year’s graduates will experience the lowest wages in the last twenty five years and can be impacted by those low wages for at least a decade.
Interestingly, I graduated in 1984 which was the last really bad economy. I got a job with a degree as an English major and was paid $14,000 a year with a company car. This was a time when almost all graduates were majoring in Business. It was a good job and ended being a place where I made my career for seventeen years before I started my own company. At age twenty-six, I was promoted to Assistant Vice President, and I managed a team of fourteen people. Many of my friends also landed strong starter jobs such as this, which yielded great experiences as time went on.
What made those of us stand out and become recession-proof was:
1) A willingness to learn, to grow, to work hard and to do high quality work.
2) Experience through internships which could attest to our business acumen and maturity.
3) A strong academic record complemented by leadership experience.
4) A creative, determined and resourceful attitude which involved making a difference.
If you are graduate who really offers value, focuses on results and is a delight to work with you, too, will have the strongest chance of landing a job as a starting point which can blossom into a career for you. Don’t worry if the job isn’t paying much, focus on what experience it provides to you so that when the economy turns around you will be ready to soar.
Wall Street Journal
By SARA MURRAY
The bad news for this spring’s college graduates is that they’re entering the toughest labor market in at least 25 years.
The worse news: Even those who land jobs will likely suffer lower wages for a decade or more compared to those lucky enough to graduate in better times, studies show.
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