This Is Why The American Dream Is Out Of Reach

The author, a psychiatrist writing on The Last Psychiatrist blog, argues that young graduates should start their own businesses rather than wait for corporate jobs, and that parental and family advice steers them the wrong way. The piece centers on Scott, a 24-year-old graduate who turned down a $40k insurance claims adjuster offer, as reported by the New York Times, and whose father and grandfather pushed him to hold out for a corporate position. The author says Scott and four friends could each borrow $10k to pool $40k in startup capital, and calls more businesses, not more corporate management jobs, the long-term solution to America's economic problems.