Nowadays, especially since the 80s mania of labor deregulation, globalization, tax cuts, austerity and other small government policies low skilled labor is no longer valued. People are increasingly forced to specialize. Competition over jobs and housing is getting more intense.
It's not just the young people getting screwed though. There are plenty of old people being left behind but most of them already acquired assets like houses so people do not pity them.
Not quite. Every generation has things that are advantageous, every generation has things that are terrible.
Interest rates for the boomers got as high as 20%. They couldn't afford to borrow for a house, even if their wages were good. Millennials have lower wages (relatively speaking), but interest rates won't kill them if they can save enough for a house deposit.
Two different generations: two different problems causing the same outcomes.
Thing is, in 30 years time, the current young adults will be saying near on verbatim the same things about the current generation that will now be in the age demographic they currently lambaste.
Equally though, you will find the older generation moaning and having equally perspectives upon the younger generation an equally stereotypical mindsets.
It's all rather silly this grouping up whole age demographics and slapping a label upon them IMHO. Indeed, assigning blame to a demographic only distracts from identifying and addressing the real issues as real issues stand out on there own and anything else added to the mix - be that age-group labelling, only distracts and sadly more so - enables people to dismiss the issues as they get buried in a sea of label name calling and finger pointing.
Ah well, we're used to being ignored ;)
As usual, Generation X is completely ignored. The "lost generation" indeed.
It's a generation of hypocrites indeed, the millenials got that right.
Every generation makes the same mistakes. Every generation complains that that their children misbehave.
It actually gets amusing to hear your kids complaining that their kids are doing exactly the same sorts of things that you complained about your kids doing.
Growing up, my parents and their friends - who have spent their whole lives worrying about uncertain economies and threats of layoffs - would dismiss people slightly older than them as "self-centered baby boomers".
They are currently in their mid-60s.
Capitalism can be a force for good, but unregulated capitalism without strong social safety nets is a force for greed and destruction. Of all their flaws, their lack of care for the environment will be their most damning indictment. The fact that they still, today fail to see the error of their ways is infuriating.
These “wars” did not even have an organized enemy, so I cannot classify them as major in the context of other wars in history. I would classify them as major exercises in enriching military vendors.
From the dawn of time, no generation has managed affairs perfectly. Or even well, by many metrics.
Millenials will do just as poorly as the hippies, if not worse.
But the amusing side of things is, millenials rail against the 1%. Well and good, except, do you think John and Mary in Nebraska, or Tom and Jane in LA, had anything to do with these decisions?
Whether division by race, culture, age, pointing fingers at each other, instead of policy makers, is quite literally ignoring the real problem.
There is also the huge issue of student loans basically setting back a whole class of people more and more over the years. I have friends who have student debt and very nice paying jobs, but the debt still set back plans for home buying and family planning by 5-10+ years for a lot of them.
Currently my future lies in me building out a van to live in eventually while I save up to escape the Southern US.
> In almost every way measurable, millennials in the U.S. at 40 are doing worse financially than the generations that came before them.
> Now, if predictions of a long, post-Covid economic boom are to be believed, this may be the last opportunity an entire generation has to build wealth before heading off into retirement.
Eh, Millennials are measurably worse off than boomers or Gen X were at their age.
Likewise when the US Boomers were the age millennials are now they owned about %20 of the wealth collectively.
What about the relative cost of a semester of college in 1970-80 vs today? Or the relative cost of housing?
too much environmental exploitation with out some kind of mitigation and regulation is a problem as well.
but at the heart of it all is:
1. statistics and expert opinions should count for more than uneducated opinions
2. but experts(and agents think politicians ) can be corrupted.
3. most people are swayed by narratives and not statistics.
4. but, individual points of view and outliers are important as well because they provide new protectives and directions of inquiry.