“Plastics”: That was the advice given to Dustin Hoffman in the 1967 classic movie, “The Graduate.” Hoffman, playing the role of a recent college graduate named Benjamin Braddock, was in the process of thinking about what he should do with himself now that he had graduated college.
Today’s students, it seems, want to attend Ivy League colleges. Presumably, graduating from an Ivy League institution will lead to a job offer from Goldman Sachs or a similar firm.
Do today’s college graduates want to spend the next 45 years of their lives as a cog in the wheel of some Wall Street investment-banking firm? Yes, the money is nice. But what happens when business is bad and 40,000 employees are terminated?
If one is over the age of 50 and unemployed, perhaps the best hope is to be a cashier at a Walmart.
Today’s high-school-age person might want something better than an Ivy League education, a job on Wall Street, and the possibility of long-term unemployment during middle age.
Perhaps, today, the best advice is not plastics, but entrepreneurial capitalism. Go out a create a business, implement your own ideas, be your own boss, and make some money. This approach sure beats Wall Street or “plastics.”