The conventional wisdom is that as those who grew up with the Net get older,
they'll pay the price for their youthful indiscretions that can never be removed. The big sociological question: Will society simply adapt to the dichotomy between "public" Web life and one's private
offline life? Will job candidates really be held to task like politicians for something they wrote on a MySpace page 15 years ago? The newspaper says it's highly unlikely; the world will adapt.
As for pictures of beer and bong hits on a social-networking profile, sooner or later applicants will realize it's probably a good idea to take down those photos before applying for a job.