From the horribly left-wing MSNBC. (H/T Alisha from Far Above Rubies)
Excerpt:
They are perhaps the best-educated generation ever, but they can’t find jobs. Many face staggering college loans and have moved back in with their parents. Even worse, their difficulty in getting careers launched could set them back financially for years.
The Millennials, broadly defined as those born in the 1980s and ’90s, are the first generation of American workers since World War II who have cloudier prospects than the generations that preceded them.
Certainly the recession has hurt young workers badly. While the overall unemployment rate was 9.5 percent in June, it was 15.3 percent for those aged 20 to 24, compared with 7.8 percent for ages 35-44, 7.5 percent for ages 45-54 and 6.9 percent for those 55 and older.
Among 18-to 29-year-olds, unemployment is the highest it’s been in more than three decades, according to a recent report from Pew Research Center. The report also found that Millennials, also known as Generation Y, are less likely to be employed than Gen Xers or baby boomers were at the same age.
[…]The high unemployment rate among young Millennials can affect them financially and psychologically throughout their careers, according to a report by the Joint Economic Committee.
“The ‘scarring effects’ of prolonged unemployment can be devastating over a worker’s career,” according to the report. “Productivity, earnings and well-being can all suffer. In addition, unemployment can lead to a deterioration of skills and make securing future employment more difficult.”
Many Millennials have sought refuge back at school from the worst job market since at least the early 1980s. Yet that strategy, too, can backfire as students incur staggering amounts of debt to pay for advanced degrees that might not help them out much in the job market.
Eventually they are going to realize that everything they’ve been taught in the schools was opposed to their success. From socialism to feminism to moral relativism. They are destroying their own lives because they believed lies. They vote for higher taxes and more regulations and are shocked to see jobs dry up. They vote for anti-male laws and same-sex marriage and they are shocked to find themselves growing up in sub-optimal homes, missing one or both biological parents.
WINTERY KNIGHT 
Your conclusions aren’t supported by the article snippet. What is it in particular that schools supposedly taught them that they will learn is incorrect from being unemployed?
If anything, members from this younger generation will see the housing bust and the banking fiasco as the cause of their unemployment (partially correct) and that it can be addressed by more regulation to prevent it from happening again in the future. They are going to see it as unbridled free market capitalism as the cause. Unfortunately history classes tend to under emphasize the importance of a free market and land ownership.
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They might learn that investing tens of thousands of dollars in a liberal arts degree was a bad move or that attending college at all (at the urging of the government, above nearly everything else) was a really bad move.
As for the housing bust and banking fiasco? Yeah, you can lay that at the foot of the awesome regulations that were either completely ignored or kicked aside based on political concerns. But, sure, let’s add some more so they can also be completely ignored and marginalized by politicians that are more interested in their powerbase than doing their jobs–that’ll fix everything! Genius! (Also: how did all those wonderful regulations work to prevent Enron? And Worldcomm? And every other financial calamity since the Great Depression? Hey, I know, let’s just make it a command economy, then we can solve all those nasty, capitalist, problems! U mean, so what if it never worked before–this time it’s different! /socialist and/or jerry…but i repeat myself.)
And the millenials are bailing on their first love, O!, in record numbers, so I’m fairly certain a great number of them are seeing exactly where the problem lies…
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Well, I am a senior right now and I am considering not getting my masters. I have been greatly blessed by God to not have loans for my undergrad education. I don’t think it will be smart for me to gain huge debt from getting my masters. Some people are coming out of undergrand with over $20,000 dollars of debt.
The conclusion that Knight has drawn from is a total leap but more regulations is not going to help people like me. The reason so many jobs are going overseas is because of companies being heavily taxed. Bump socialist policies and utopia ideas. I just want a career.
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Hey, I agree with you on the taxes, too! And your explanation of why outsourcing is happening.
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