Too Many Design Graduate?

I just came across the following article on Design week. I think you have to be a member to read the article so I’m going to copy&paste it here:

[Industry heavyweight Ian Cochrane is recommending design students to ‘get out’ of the sector, which ‘does not need you’, as the recession bites. Cochrane is managing director of management consultancy Ticegroup and former managing director of both Fitch and Landor Europe. Cochrane tells Design Week, ‘There are still too many people coming out of design courses, and there simply aren’t the jobs for them.’He recommends that students enter alternative occupations and gain experience outside the design sector.

‘Look for jobs in industries that have vacancies – I mean, if you want to design restaurants, it is good to have worked in one or two,’ he says. Branding guru Michael Peters concurs, saying, ‘There is too big a supply of young designers and far too many people doing mediocre work.’ According to recent figures published by the Office for National Statistics, every sector of the economy recorded a fall in vacancies last quarter. Chartered Institute of Personnel chief economist Dr John Philpott says, ‘This looks to be a jobs recession that is favouring the over-50s ahead of younger people. This may be because employers are implementing recruitment freezes more widely than in previous recessions, which disproportionately hits people entering the labour market.’]