What is the value-addition from long term unemployment, late employment after graduation and literally no employment to Generation Y? How are these situations contributing to the success of the talent? Here's an interview which shares how this needs to happen so that they rise and shine. Yes, contrary to the conventional wisdom, it actually asks the GenY not to get a job. You may or may not agree to it . please share your views.

DF: The title of your book is “Never Get a Real Job,” but I’d argue that there are plenty of young people out there who really should get a real job. Are you suggesting that there’s an entrepreneur in everyone?
SG: And where do you suggest many of these young people get a “real” job in the first place? The Mall? Wal-Mart? Reality check: Millennials are no longer beneficiaries of the hand-out, resume-driven society of old. Boomers and Gen Xers need to stop training Gen Y to believe that the mantra of ‘work hard, get good grades, go to school and get a job’ that they were told to buy into, is alive and well. It’s not — it’s dead — and now it needs to be buried for good.
Fact: there are over 81 million young people unemployed worldwide. And this number does not account for the tens — if not hundreds — of millions more that are underemployed. It’s becoming more and more apparent that in today’s world, young people will need to create a job to keep a job. Millennials need to re-train themselves to become self-sufficiency experts capable of generating their own incomes. I truly believe everyone can become entrepreneurial and partner with individuals whose strengths fill in gaps and weaknesses. The key is for us to stop thinking “Facebook” and start thinking about practical, nuts-and-bolts, income-generating, on-the-ground businesses. When we finally turn that corner, Gen Y will truly become the most entrepreneurial generation in history.
DF: You took some heat on our Inc.com blog when you suggested that “Be Passionate” is terrible advice for a young entrepreneur. How do you feel about optimism, a trait that’s common among entrepreneurs?

SG: Much like passion can blind young, amateur entrepreneurs into thinking they have a business model when they don’t, the same can be said for optimism. Optimism leads to phrases such as “it will all work out somehow” rather than realistic mindsets such as “how can we make this work at all costs.” In many cases, the “the glass is half full” mentality blinds an entrepreneur from seeing all of the true challenges and issues that surround his business and decisions. In business, as in life, things don’t always work out — and almost never work out as planned. This is why I strongly believe that looking at every problem and business decision from a pessimistic point of view (e.g. asking yourself “why isn’t this going to work?” versus thinking “this isn’t going to fail”) makes for a stronger, more effective business owner. This doesn’t mean that your attitude needs to be that of Droopy Dog with a rain cloud following you around everywhere you go, but from a decision-making perspective, be a cautious pessimist instead of an eternal optimist and your business will be better as a result.

To continue reading: Gen Y: Here's Why You Should Never Get a Real Job | BNET

From India, Mumbai
Dear (Cite Contribution),
It is true that today's most of the fresh work force are not "EMPLOYABLE", but only have the paper degrees.
We have to make them all EMPLOYABLE to the Industries.

From India, Madras

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