Degree holders have problems getting jobs

Read: Degree holders have problems getting jobs

Isn't it nice to read about how accurate my assessment of the graduate (especially Gen Y) employment situation is?

No, it is not nice at all.

The papers have steered clear of highlighting the causes and consequences of such unemployment amongst graduates.

This is not a simple situation about how much cheaper a (fresh) graduate can get. This is a situation of how the employers value a local fresh grad vis-a-vis other 'superior' substitutes such as FTs.

In a country where a firm is allowed to have free access to the world's supply of talents with ready and relevant experience, majority of the local fresh graduates will have little or no market value.

Also in this country, where a firm is allowed to hire based 'open competition', there is nothing stopping the firm, which prefers candidates with/from certain nationalities/cultures, from choosing a foreign talent over a local talent.

Weren't we told that foreigners have been brought in to create more jobs for us? Doesn't seem to be working out that way...

This is a very grave situation, where many of the sufferers and the policy makers are either not fully aware of its long term consequences, or choosing to ignore them.

The worst lot is those Singaporeans (especially those employed in the only jobs sheltered from 'open competition' in Singapore) who like to openly blame these local graduates for being choosy, lazy, spoilt, unrealistic etc. As if such attitudes of the local grads were indeed true. And even if they were true, is it then justified to 'punish' these graduates with denial of employment opportunities?

Some points from my earlier entry:

"Take away the PRs and remove the blue collars and Singaporeans who are not working in this Gen Y age group, the ratio is most likely tighter than 1:3, say 1:2 or 1:1. Such a ratio will then it should explain the employment situation a whole lot more."

"Is it then possible that for every white collar job in Singapore, the job seeker ratio of the Foreigner vs Singaporean is 2:1 or 3:1 or 10:1? 

Theoretically, it is definitely possible, because our foreign talent policy is literally an open gate."

"Yes, even if the inflow of foreign talents is lowered or capped henceforth, it will only directly ameliorate the employment situation for people who have yet to graduate. Not much is likely to change for those Gen Yers who have been 'sacrificed' in the earlier years."