WWW: I agree with your post fully. Except it was never until 10 - during the times of Uni, sometimes it was even later!
But on a more serious note. It is very hard to get a job at the moment. I've sent off around 30 - 40 different applications to different airlines. That figure doesn't include duplicate ones I have sent off after a month of not hearing back on previous applications. And before anyone asks, my training record is what I would define as "good": High 90s Ground school average, 1st time IR and CPL and a good final report to back it up.
As far as I'm aware, at the moment, things are really hard. If people are finding jobs, it's generally with one particular airline, who are expanding.
And most people who think that training is hard! - just you wait until you try the job hunt!