Silicon Valley to millennials: Drop dead

Story highlights

  • David Wheeler: Silicon Valley doesn't create jobs; it's wiping out middle-class jobs
  • Young college graduates are struggling with lack of jobs, yet many still idolize Silicon Valley

David R. Wheeler is a writer and journalism professor living in Lexington, Kentucky. Follow him on Twitter @David_R_Wheeler. The opinions expressed in this commentary are solely those of the author.

(CNN)We have no problem taking Wall Street executives to task for decisions that leave American families financially devastated, yet we give Silicon Valley billionaires a pass when they do the same thing. America needs to realize that instead of creating jobs, Silicon Valley is erasing them, leaving millennials financially stranded before their careers can get off the ground.

Silicon Valley is tossing millennials aside like yesterday's laptop.
The commonly held belief is that with hard work and a good education, a young person in America can get a good job. But despite falling unemployment, college grads age 22 to 27 are stuck in low-paying jobs that don't even require a college degree. The percentage of young people languishing in low-skill, low-paying jobs is 44%, a 20-year high.
    David Wheeler