The author argues that in the new economy, it’s people, not skills or majors, that have lost value….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….
…What must be made clear is that this is not a crisis of individual choices. It is a systemic failure – within higher education and beyond. It is a crisis of managed expectations – expectations of what kind of job is “normal”, what kind of treatment is to be tolerated, and what level of sacrifice is reasonable…. But no worker deserves to suffer. To compound the suffering of material deprivation with rationalisations for its warrant is not only cruel to the individual, but gives exploiters moral license to prey….