People with significant job experience might be okay overall, but if this is anything like 2008-2011 we're going to see a lot of people piling up at the career

People with significant job experience might be okay overall, but if this is anything like 2008-2011 we're going to see a lot of people piling up at the career on-ramp. They call it the '08 global financial crisis, but unemployment did not peak until 2010 and for that entire period you had excess young jobseekers competing against laid off workers with more experience for the same positions. Unemployment was concentrated in the very young and very old, so the reported unemployment rate doesn't really tell the whole story. I recall most "entry level" openings wanting 3+ years experience. Many people gave up, moved back home with Mom and Dad, and went off into very unexpected and disappointing career directions. Many hit the career snooze button by going to graduate school. I myself, a freshly minted MIT grad whose summer 2010 internship fell through at the last minute, found myself applying and being rejected from such emergency jobs as barista, pizza delivery person, target cashier, aquarium ticket salesperson, and SAT tutor. There was a period in the fall of 2010 where I became semi-homeless (sleeping in common areas at MIT and Harvard) and was stealing the bulk of my food from Harvard dining halls. I ended up going to graduate school and was extremely grateful to have a $25k/yr graduate stipend as income. This looks to be worse. I am very very worried for today's college-age population, as well as any career changers who have invested in that but not completed the transition. My wife just went through a year of self-studied bootcamp type work and now I'm not sure when, if ever, she'll be able to get a job.