Seniors graduating this May started their college careers shrouded by the dark cloud of economic insecurity. In September 2008, they were eager freshmen adjusting to campus life when the subprime mortgage crisis forced Lehman Brothers to file for bankruptcy, write Andy Chan, vice president of the Wake Forest University Office of Personal and Career Development, and Jacquelyn S. Fetrow, Reynolds Professor of Computational Biophysics and dean of Wake Forest College. Four years later, many college students, recent graduates and their families remain paralyzed with fear and pessimism by the dismal prospects for turning a diploma into a paycheck. Although the economy may be recovering, the world of work has fundamentally changed. Innovative technology, higher productivity, international outsourcing and our self-service economy have replaced thousands of entry-level jobs that were once ready-made for college graduates, and are now gone forever. In addition, the competition for jobs is fierce as employers raise their sights in recruiting new talent…

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