As a junior in high school, I think the notion that our generation is entitled or that we simply put in a perfunctory effort and coast through the education system expecting jobs on the other end is entirely fallacious. We're all fairly realistic about educational/occupational complex: work your ass off in high school, go to a college with, and get a degree with, a high ROI (even if it's not what you really want), work your ass off some more, and count yourself lucky if you can get an unpaid internship, much less a salaried job.
I find it absurd that people think students expect to be handed jobs on a silver platter. Everyone accepts that the job market is difficult even if you are talented, and I don't think many truly expect a job just because they have a degree. Most everyone realizes that "following your dreams" is financially untenable.
I think the point of the article was that it has nothing to do with how hard you work, or really even with entitlement. It has to do with finding product-market fit, where you are the product.
His argument was twofold. I think you're right in that he touches on the effects of supply and demand in relation to job availability. However, he also touches on the fact that you need to work hard and "make yourself valuable" in order to find employment. Therein he argues that most people don't put in the necessary effort because they believe that they are owed or are entitled to jobs.
I find it absurd that people think students expect to be handed jobs on a silver platter. Everyone accepts that the job market is difficult even if you are talented, and I don't think many truly expect a job just because they have a degree. Most everyone realizes that "following your dreams" is financially untenable.