The college-educated are hardly ever long-term unemployed. There will be costs (for one, I felt so insecure that I might not find a job that I'm still anxious).

The college-educated are hardly ever long-term unemployed. There will be costs (for one, I felt so insecure that I might not find a job that I'm still anxious). But the main mechanism of "unemployed once, never work again" is unskilled workers who get depressed and so fat they can't even fit into a forklift. Not skilled people finding the labor market somehow unwilling to clear.