In recent years, young college graduates are having a tough time finding a decent job in an increasingly competitive labor market. Some are even unemployed for over a year. This is really a serious problem on the levels of both individual and the society as a whole.

First, long time being jobless, young people have to deal with some psychological conditions. They are subject to anxiety, lack of self-confidence, lower achievement motivation, and pessimism, all of which are potentially barriers for their future success at workplace and in personal life. Financially, unemployed students are stuck in the dilemma that they have to return home to keep relying on their elderly parents. As for the effect on the society, youth unemployment means that the scarce resources dedicated in higher education are invested in vain as graduates have no opportunity to transfer their academic knowledge and skills into productivity.

Part-time mediocre jobs can be a solution for them to be able to feed themselves for a while. Small businesses in virtual world require lower start-up cost than real-life ones, thereby allowing these youngsters with no bank saving to make a living. The condition has to be an easy access to a bank loan. Graduates tend to focus on major cities, making more competition in employment market. If they are led to some less crowded places, they would possibly have more chances to get hired.

To tackle this problem, governments should take the major responsibility. Governments should encourage these young adults to involve in some voluntary or low paid work in remote underdeveloped areas where are in great need in professional talents. Meanwhile they can gain some working experience which is very useful for their future career in their chosen field.

Further study can postpone college graduation and therefore relieve the pressure on labor market. But this is not a long-term solution. To completely reverse the situation, financial policies supporting small-sized businesses should be formulated at an attempt to create more job positions. While graduates cannot find a job, technical workers are in greater need. Therefore the entrance to university education should be lifted, whereas vocational education is expanded.

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