Take a look at this must read article from The Atlantic about how an era of prolonged high joblessness (which we are most certainly entering) could leave deep psychological and social scars, particularly among the young and unemployed: "How a New Jobless Era Will Transform America." I found this article deeply disturbing. I also think its very interesting to read what older generations have to say about mine, and there's plenty of that in there.
Update: Thanks to Charlie for passing along this great graph from the NY Times, which will adjust the unemployment stats to fit very specific demographics based on age, gender, race and education: "The Jobless Rate for People Like You."
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