America used to be a nation of entrepreneurs from small shop owners to farmers. Willing to take big risks for future reward. Unfortunately, what we now produce are merely indentured servants as this Business Week article points out. All those fresh college graduates have been sold (at high cost and lots of debt) the idea that they would get a good job in the global system.
Problem is that the US middle class machine is broken. Not only have wages been stagnant/declining for three decades and costs rising at multiples of inflation -- from education to health to housing -- it's not producing new jobs at a rate that can absorb those that want to work. Worse, the entrepreneurial system is broken too. Creativity/entrepreneurial energy become a low cost slave of finance (banksters) due to an economic system now penalizes risk taking (bankruptcy reform legislation that is akin to the 19th Century) and a morally bankrupt/predatory system for company formation.
Good luck kids. My suggestion, move back in with your parents. Get involved in resilient community industries. When the dollar crumps (and it will), everything produced on the local level will be VERY competitive with those from the global system.