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What's scary is that in 2004 and 2005 less than 50% of these people got jobs by the time they graduated college and the economy has never picked them up. We're told we don't deserve jobs after all our hard work. We're just supposed to keep waiting... and waiting...

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Sometimes there is just a surplus of people. Besides, 50% of graduates being hireable sounds just about right.

Depending on the school of economics you subscribe to, there should never be a surplus of people. I mean, just go outside and have a look at the streets: if you don't live in Singapore, there's plenty of work to do even just cleaning them up. We could pay people to do that.

Ah the Keynesian solution of paying half the unemployed to dig ditches and then pay the other half to fill them up.

That kind of "employment" already exists - known as 'social work'.

You could let them actually do some useful work, too.

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