Not long ago, I was at Williams College, speaking with a fascinating and terrifically observant senior named David Wignall. We were talking about what it was like to be young these days, and he made a point that I’d never considered. “We are the most rejected generation,” he said.

He’s right. He pointed to the admission rates at elite universities. By 1959, about half of American college applicants applied to just one school. But now you meet students who feel that they have to apply to 20 or 30 colleges in the hopes that there will be one or two that won’t reject them. In the past two decades, the number of students applying to the 67 most selective colleges has tripled, to nearly two million a year, while the number of places at those schools hasn’t come close to keeping up.

The same basic picture applies to the summer internship race… I recently spoke with one college student who applied to 40 summer internships and was rejected by 39. I ran into some students who told me they felt they had to fill out 150 to 250 internship applications each year to be confident there would be a few that wouldn’t reject them.

Things get even worse when students leave school and enter the job market… I keep hearing and reading stories about young people who applied to 400 jobs and got rejected by all of them.

It seems we’ve created a vast multilayered system that evaluates the worth of millions of young adults and, most of the time, tells them they are not up to snuff.