The Lost Generation
Peter Coy

What’s more, the baby boom generation is counting on a productive young workforce to help fund retirement and health care. Instead, young people risk getting tracked into jobs that don’t pay as well, says Lisa B. Kahn of the Yale School of Management. That would mean lower tax payments for Social Security and Medicare.

Young people are obviously less experienced than their elders, so they don’t look as good on a piece of paper. I’ve heard of friends that have had multiple interviews with companies only to lose the job to someone twice their age. Companies just don’t want to take the chance in this economic climate.