I'm sorry - when did this supposed "promised land" ever exist? Back in the 80s I remember people lamenting that they couldn't get a job even with a degree because everybody wanted a minimum of two years of experience. For as long as I can remember there's been a disconnect between students' expectations and the realities of the job market. Graduates discover they're only qualified for junior-level positions, if that, and not making anywhere near the money they thought they were going to make. Like I said, this has been the case for decades. Not sure why all of a sudden everybody thinks everything is suddenly different.