I have no sympathy for kids like the hipster girl with the ed haircut and her "fashion degree, or the dumbass "2deep4U" Street Performer.
One of the important points in the article was how today's younger generation was essentially made into self-absorbed narcissists by parents who told them all throughout their formative years they were "special," "unique," "talented," "creative," and that if they (the children) nurtured and pursued whatever area of interest they were passionate about, they would inevitably be rewarded with success. This led to too many kids chasing pipedreams, getting degrees in "useless fields" like literature, creative writing, art, film theory, etc, with the belief they would someday write the great American novel or be the next Spielberg. After all, their parents told them it would happen if "you just put your mind to it."
I don't blame the Boomers for the false hope and delusions of grandeur they instilled in their children. After being reared themselves by cynical World War II vets raised during the Great Depression, it was only a natural response to fill your child with as much optimism as possible. Nor do I blame the kids for eating up the bull they were told by their parents. It simply is what it is. A natural progression of things given the cir stances. Furthermore, the Boomers, who were the first American generation to really build their cultural iden y around the artistic, didn't want their kids working the same mind numbing, monotonous factory or office jobs. They wanted their kids to be the rock star, author, filmmaker, professional athlete, and did everything - from reading to their kid while it was still in the womb, to piano lessons at age three, to signing their kid up for every youth league they could find - to try to make it into a reality. But what happened, as the article points out, is the Boomers created a generation with unrealistic expectations and one ill-equipped to handle dog-eat-dog compe ion and failure. (Disclaimer: I'm only speaking "generally." Obviously, not every 20-35 year old fits the profile, but from my experience, a large majority do. For the record, I'm 31.)
And on a more practical level, one of the major reasons there's a lack of jobs is because most of the domestic manufacturing base moved overseas.