Even in a high-pressure economy with low unemployment, many college graduates find it challenging to secure meaningful employment, highlighting a significant gap in the job market.
Philanthropy plays a crucial role in bridging the divide between job seekers and employers, as traditional market forces alone are not sufficient to facilitate this connection.
By addressing the 'lemons problem' in hiring, nonprofits can provide invaluable support, such as internships, which build the necessary trust and confidence between employers and new graduates.
The mismatch between available jobs and qualified job applicants persists despite economic growth, underscoring the need for additional interventions beyond the free market.
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