Al Jazeera's opinion piece on "Surviving the Post-Employment Economy" rings way too true for many of us . . .
In the United States, nine percent of computer science majors are unemployed, and 14.7 percent of those who hold degrees in information systems have no job. Graduates with degrees in STEM - science, technology, engineering and medicine - are facing record joblessness, with unemployment at more than twice pre-recession levels. The job market for law degree holders continues to erode, with only 55 percent of 2011 law graduates in full-time jobs. Even in the military, that behemoth of the national budget, positions are being eliminated or becoming contingent due to the sequester.
Academics face particular derision for their choice of profession. "You got a PhD - what did you expect?" they are told when they note that 76 percent of professors work without job security, usually for poverty wages.
It is true that the academic job market has been terrible for decades. But until 2008, PhDs could have expected more. Since 2009, most disciplines have lost roughly 40 percent of their positions, while the backlog of qualified candidates continues to grow. Most PhDs work as adjunct faculty or in the new euphemistic sectors of high-brow impoverishment: "non-stipendiary fellow", "special assistant professor" or "voluntary development opportunity".
It goes on . . .
If you are 35 or younger - and quite often, older - the advice of the old economy does not apply to you. You live in the post-employment economy, where corporations have decided not to pay people. Profits are still high. The money is still there. But not for you. You will work without a raise, benefits, or job security. Survival is now a laudable aspiration.
The entire article is worth a read, particularly considering recent conversation.