/s
Knowing younger folks are going through similar shit again incenses me. Two entire generations of young workers effectively f*ked out of early career and wage growth due to bad policies, lax regulations, and strong shareholder incentives compared to other economies, yet people are still balking at the prospect of anything other than further weakening of the status quo to enrich the old and the wealthy at the expense of the young and the poor.
Reprehensible. Those in power are failing the youth of today and tomorrow by engaging in petty squabbling and naked partisanship instead of practicing good governance. What we need are worker protections that prevent layoffs from profitable firms, regulations that promote job growth instead of shareholder value, wages that grow the middle class from the bottom up instead of top-down, job programs and guarantees for the unemployed, and immigration policies that promote domestic hiring first and naturalization instead of precarity for foreign experts brought in to private enterprises.
At some point it's not the politicians, it's the people they're pandering to.
So maybe these unemployed youngsters will actually show up and vote for a switch?
But they economic growth of the 2010s made up for it in a big way.
My parents gave similar stories graduating in the late 1970s.
I remember NPR saying my generation would always be poor. Now we are portrayed as aristocrats, with unearned stock market and real estate wealth.
The next generation has tough trials before them. Maybe, like my generation, my parents generation, and grandparents generation, they will be called to war.
But they will have opportunities as well.
I wouldn't say it's an uniquely American challenge. In Europe many Gen Z fail to land a job or stay at that job. Many still live with their parents and don't plan to leave or have a job
I believe they're back, with a new methodology.
greyb•4mo ago
[1] Powell's remarks: https://www.federalreserve.gov/mediacenter/files/FOMCprescon...
[2] The kids are alright?: https://secure.ubs.com/global/en/wealthmanagement/insights/c...