Members of the class of 2011 are not doing fine, will not be doing fine when they receive their degrees, and will likely face depressed wages for the rest of their professional lives. Regarding the latter, generations who take entry-level jobs in downturns are usually doomed to long-term constraints on compensation.
Two the members of the Class of 2011 share their despair on Baselinescenario.com. They are Mark Paul and Anastasia Wilson. Of course, this published commentary, which already has attracted 133 comments, could actually lead to jobs.
Making a job, rather than wasting their time looking for one, is the only way the lion's share of Generation Y will earn a living.