This news is worrying and depressing. And more proof that life is unfair: the effects of graduating during an economic downturn seem to put you at a permanent disadvantage in earnings.
Once again Germany pops up as a good model to follow, with its widespread practice of low-paid apprenticeships, i.e. internships, which lead to high-paying blue-collar jobs.
By Peter Coy
October 9, 2009 | BusinessWeek
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