Steve Rothberg over at collegerecruiter.com provides one of the clearest posts I have read regarding Gen Y and their job-hopping ways. This is Steve’s area of expertise and this post lays it out in simple terms. An excerpt (emphasis mine):
Gen X’ers like me who attended college two decades ago received our education for far less money than Gen Y’ers are paying. I paid $3,500 for tuition my last year in school. If the cost of that tuition were to double every seven years, that means that today’s student in that same program would pay $28,000. That’s disgusting. I graduated with about $20,000 in student loan debt. A Gen Y’er following in my footsteps would graduate with $160,000 in student loan debt. Folks, this generation is being swallowed by the debt that we’re allowing out-of-control higher education institutions to inflict. Gen Y job hops not because they want to and not because they don’t realize the problems that it creates for their employers and for themselves, but because they have to.