Student debt, job market creating 'generation of wage slavery'

http://rt.com/usa/student-debt-generation-wage-slavery-903/

As the US economic forecast moves from fragile to cautiously optimistic, most young people are still searching for a paycheck. Over half of the Americans who graduated college in 2011 and 2012 are either unemployed or overqualified for their current job.

Poll results released last week reveal that 41 per cent of US college graduates from the past two years are working in positions that do not require a degree, according to a survey of 1,005 former students from consulting firm Accenture. Another 11 per cent of respondents said they are unemployed, seven per cent of which have not had a job since graduation.

Almost two-thirds of those polled said they expected to need additional training before entering a career, while nearly fifty per cent believed their studies did not equip them for the working world.

National unemployment remains stagnant at 7.6 per cent and graduates of 2011 and 2012 will soon be forced to compete with the graduating class of 2013 in the job hunt.

(More at the link.)