If you can’t get a job, what good is a degree; and if you can get a job, why do you need an expensive piece of paper?

Graduates have been complaining for years now (and although the sense of entitlement displayed in their complaints is kind of off-putting, it’s not like they don’t have a point.)

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Decreasing availability of work (no sign of that trend stopping – what kind of recovery is a jobless recovery anyway?) means employers can choose to hire only the most experienced and knowledgeable workers on the market, without having to pay especially high wages.