Cold Comfort

There has been comment about why many new graduates at present seem to be stuck in a pay freeze and have little prospect of much improvement; if any.

When I was a student we had a song about this:

Economists are  a blot on the whole human race.

You never see one with a smile on his face.

Here's my definition,

Believe me dear brother,

Supply on the one hand,

Demand on the other.

Discuss.