They graduated in the recession? Really? I think the author needs to double-check what Generation X is.
From Wikipedia:
>>Generation X, commonly abbreviated to Gen X, is the generation born after the Western post–World War II baby boom ended.[1] While there is no universally agreed upon time frame,[2] the term generally includes people born in the 1960s through the late '70s.
I think he's talking about the (relatively mild) early '90s recession. The core of Gen X are people born in the late 60s and early 70s -- people who would have been entering the workforce in the early '90s.
Whichever recession you're talking about, they only lasted a couple of years each (at most) so there's no way an entire generation could have graduated into one of 'em.
The NASDAQ crash of 2000 put a big damper on the employment of tech workers. If you were in this field at that time things sucked. That's when most of us ended up in graduate schools.
From Wikipedia:
>>Generation X, commonly abbreviated to Gen X, is the generation born after the Western post–World War II baby boom ended.[1] While there is no universally agreed upon time frame,[2] the term generally includes people born in the 1960s through the late '70s.