Is This the New Way to Look for a Job?

There’s an MIT grad in New York City wearing a sign announcing he’s for hire and handing out his resume to passersby. Judging from the photo, he looks to be in his 40s. I can’t decide if this is a really clever way to look for a job — after all, he’s getting his story out on the Web in probably a bunch of different places, or if this is hopelessly recession-era ’80s of him. Is he expanding his network expontentially this way? Is he making himself someone no employer would take seriously? Or is he just out of touch and thinks that this will really work.

What would you do to get a job? Do you think the Web has made job searching easier? Or do you think old-fashioned networking, a la Baby Boomers, is the best way to go?