We can no longer deceive ourselves, the days of well-paying jobs at multinationals and government establishments has ended with our parents. Our generation has nothing more to look forward to work/ career wise than the small and medium scale enterprises which can also be regarded as startups.
The economic situation which has steadily been on a downward spiral has spurred the proliferation of startups. Therefore, graduates are given limited choices a. Fight for available positions (which are usually the graduate trainee programmes in multinationals and government establishments), b. Work in SMSE aka startups or c. remain unemployed.