VDH: The Terrifying New Normal:
... the PhD is not being hired for anything other than part-time teaching; the JD is reduced to the law library gofer; the freshly minted MD is the equivalent of a salaried, high-paid nurse; the credentialed high-school teacher is subbing; the engineer is a draftsman; the carpenter is cobbling together home repair mini-jobs. The new plum job? Landing one of those federal or state regulatorships, inspectorships, or clerkships, which are paid for with borrowed money, produce little, and grow as those they audit and fine shrink.
In other words, we are seeing the proverbial chickens coming home to roost in an economy that has run up $16 trillion in debt, regulated its way into paralysis, hounded the private sector, and demonized profit-making.
It's time for a new approach. I hope the youngsters will realize that before the talents of an entire generation are wasted, and hope for the future (besides a hope for free birth control) is destroyed by hopey-changey.