Over at Zero Hedge, Charles Hugh Smith has a good description of the different economy for current college grads. Instead of blaming the baby boomers for the current financial crisis, he says:

Many of those Boomers clinging to jobs are doing so to support you. Yes, it’s a fine irony, isn’t it? If you got a decent full-time job, Mom and Dad could stop sending you money for rent, gas, etc. But since millions of Boomers have to keep their jobs to be able to support their unemployed offspring, there are fewer openings than there would be if Boomer Mom and Dad could quit and retire.

And free-lancing seems to be the wave of the future:

There are opportunities, but they require a deep understanding of risk and security. A livelihood with day-to-day low-level insecurity and volatility is actually far more stable and secure than the cartel-state one that claims to be guaranteed.

Well, perhaps that means that blogging is as good a career at this point as any! Volatile and insecure is as good as it gets in this field.