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Millenials: A Disappointed Generation?

October 26, 2010 / 02:41

This episode discusses the challenges faced by recent college graduates in the current job market, the impact of the recession on career prospects, and the importance of adaptability in choosing career paths.

Guests share their experiences of graduating into a tough job market, noting that many are still hopeful despite the difficulties. They mention the pressure of finding jobs and the potential long-term effects of prolonged unemployment.

One guest reflects on their time in financial services and the need to reassess career goals, highlighting how education can provide a broader perspective on job opportunities.

The conversation touches on the hesitance to invest in higher education given the uncertain job market and the possibility of a prolonged recovery period.

Overall, the episode emphasizes the importance of being open to change and exploring different industries as graduates navigate their careers.

TL;DR

Recent graduates face a tough job market, prompting reevaluation of career paths and education investments.

Episode

2:41
00:00:00
[Music]
00:00:01
[Applause]
00:00:06
yes the average situation for the
00:00:09
average person leaving college is worse
00:00:11
than it was there are a lot of people
00:00:13
still getting jobs there are a lot of
00:00:14
people still getting promotions and so
00:00:16
on I think our generation we're still
00:00:18
coming out of college and we have the
00:00:19
same hopes that we did coming into
00:00:21
college you know at least I know I do I
00:00:23
haven't changed my own hopes of where I
00:00:25
want to be I mean I I I would definitely
00:00:27
say that it would act as a cloud I mean
00:00:29
with the tough job market if they get
00:00:31
out of school and instead of going right
00:00:33
into a job they have to continue to look
00:00:36
and search um I guess the recession has
00:00:39
um opened my eyes up to other Industries
00:00:42
um other than Finance I think right now
00:00:43
for especially the classmates of mine
00:00:45
that graduated last year they're at a
00:00:46
critical point right now so they've been
00:00:48
out of school for about 6 months I think
00:00:50
if they wait too much longer then it
00:00:52
would maybe affect their long-term J job
00:00:53
prospects in speaking to maybe like my
00:00:55
parents in that generation certainly
00:00:57
that kind of attitude was pervasive and
00:00:59
that if you start low you end low it's
00:01:01
working that bit hard and not everybody
00:01:03
is going to end up in a job but a lot of
00:01:05
people will and I think the people who
00:01:07
make smart decisions who position
00:01:08
themselves well really go off the right
00:01:10
kind of jobs are going to continue to do
00:01:11
very well because I was in financial
00:01:13
services and um it is a struggling
00:01:15
industry I wanted to take a step back to
00:01:16
see if that's really what I wanted to
00:01:17
pursue going forward um and going to
00:01:19
school gives you a bird's eye view where
00:01:21
when you're working you don't really
00:01:22
have the same perspective if you go to a
00:01:24
school like pen and you spend $50,000 a
00:01:26
year and you come out and you you don't
00:01:28
have the prospects that you thought and
00:01:30
you don't have that sort of career
00:01:32
opportunities um that it guarantees and
00:01:34
I think people might be more hesitant
00:01:36
about necessarily investing in higher
00:01:38
education you know I think it's
00:01:40
conceivable that we're looking at 3 to 5
00:01:42
years of quite a miserable job market
00:01:45
and maybe 10 years before we get back to
00:01:47
anything that looked like kind of the
00:01:49
mid 2000s um but I think if there's
00:01:51
anything I've kind of learned from
00:01:52
school or maybe my peers is it's that
00:01:54
you can change course whenever you want
00:01:56
and so I think people will start really
00:01:58
evaluating what they what they truly
00:02:00
want to do in the long run and perhaps
00:02:02
jump more quickly into those Industries
00:02:03
the attitude is definitely um for me at
00:02:06
least for somebody who had been always
00:02:07
kind of rivers um think outside the box
00:02:09
a little bit and if it's not available
00:02:11
here maybe I can go find something
00:02:12
elsewhere but I've thought a little bit
00:02:14
of what's the most steady job I can get
00:02:18
um but I'm not sure if that's just
00:02:19
because school's been hard you know and
00:02:20
I'm getting a little bit humbled um or
00:02:22
if it's because everyone around us is
00:02:24
having a tough time getting jobs
00:02:31
[Music]

Episode Highlights

  • Navigating a Tough Job Market
    The average situation for college graduates is challenging, with many still searching for jobs.
    “The average person leaving college is worse off than before.”
    @ 00m 09s
    October 26, 2010
  • Changing Perspectives on Education
    Higher education's value is questioned as graduates face a tough job market.
    “People might be more hesitant about investing in higher education.”
    @ 01m 34s
    October 26, 2010
  • Adapting Career Goals
    Graduates are encouraged to evaluate their long-term career aspirations and adapt quickly.
    “People will start really evaluating what they truly want to do.”
    @ 01m 58s
    October 26, 2010

Episode Quotes

  • The recession has opened my eyes to other industries.
    Millenials: A Disappointed Generation?
  • If you start low, you end low.
    Millenials: A Disappointed Generation?
  • You can change course whenever you want.
    Millenials: A Disappointed Generation?

Key Moments

  • Job Market Challenges00:09
  • Education Value Questioned01:34
  • Career Adaptation01:58

Words per Minute Over Time

Vibes Breakdown

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