A future-of-work expert said Gen Zers didn’t have the “promise of stability” at work, so they’re putting their personal lives and well-being first.
I just saw Docs, nurses and staff who had pensions for 30+ years just get butchered as the new Hospital system took over. Routed it all to standard 401ks. Why put your soul into a company. They will never come through. That ship has sailed.
My only hope is people look around at the fact that one of the few ways to still get a pension is through union work, and the current unionization wave continues into something bigger, better, and greater than we’ve had in the past.
That’s what this new wave of layoffs and threats of layoffs is to help curtail.
That’s one of the risks of not being unionized. My employer can’t touch my pension (not that they would want to since they all came up from the union rank and file too) because it’s all managed through our union contract and there’s no chance in hell that we ever approve a contract that gives them that kind of control.
Even that isn’t complete protection. The government can always change the rules as they go. Not to mention a complete breakdown of society wouldn’t exactly do wonders for pensions and 401k’s either.
It reeks of those headlines saying that millenials/gen zs are “losing interest in buying cars and houses”.
Motherfucker, interest has nothing to do with it. We can’t afford it!
Well interest does come into it. Y’all can’t afford the interest payments on the loans you’d need. Can’t even find a decently priced used car.
Oooh, cool word play! I like it.
Also, I find it funny* that we somehow can afford rent but are not qualified to pay a mortgage with monthly payments that costs the same.
*enraging
I think this is a huge part of the problem. Rental property owners are just a liability buffer for the banks. There should be mortgages at a 1% down payment for first time buyers with a proven track record of making rent payments on time. Maybe the rates are a little higher, with the extra interest giving the banks motivation for taking on the extra risk. Then after the first term the owner can renew with a normal rate.
Doesn’t help with the demand issue, but maybe all the rentals will flood the market after nobody is being punished for not having $100k laying around because they’re busy paying someone else’s carrying costs.
We can afford rent?
The article talks about millenials not being able to afford houses…
I know… I read about it on other sources too and mixed the headlines too. Sorry for the confusion.
Right, like the majority of my millennial friends also work to live, not live to work, it’s just that living is so damn expensive that after we’re done working enough to pay rent, there’s not many hours left in the week to live.
I’m incredibly privileged. I have no debt, no loans, and housemates to split bills with. I only do 20 hours of paid work per week, and my hourly rate is pretty damn decent for my industry (I’m a coordinator in a community centre, I make $32AUD an hour).
I enjoy my work life balance and I wouldn’t have it any other way, I have time to care for my chronic illness properly, and time for friends, and family, and to volunteer in my community for passion projects that could never in a million years pay the bills.
But being in your mid thirties and splitting rent with other people is tough, I fortunately don’t want marriage or kids, but I can’t see how I’d make it work if I did, babies can’t help me split the rent, and most housemates don’t want to live with a crying baby that isn’t theirs.
So when my friend leaves his fun job for a grind company we know sucks our your soul, but it pays 8x as much and it’s “just for 2 years until the deposit is saved for and the baby is born” then it’s completely understandable why the next 24 months of my friends life is consumed with work. Because he needs that work now, so that he can live later.
But 2 years becomes 5 years becomes 10 years because first it’s the GFC, then it’s the housing bubble, then it’s the mini recession, then it’s covid, now it’s whatever the fuck times were living in.
And at some point for millennials (and many younger Gen X’ers) living became surviving and we work to survive, we don’t even know what thriving looks like.
I’m a milennial. I live in a country where we try not to work ourselves to death. Even my employer encourages an active separation between work and personal life. I do not remember what my monthly or yearly salary is, but I am able to have a good personal life with alot of spare time and money for my hobbies.
When I talk to my friends over the pond to the west, I’m always shocked about what I hear. 40+ hour workweeks, hardly any time off from work, etc. I also have a couple of friends in Japan, and their stories are actually worse compared to across the western pond.
Me and my girlfriend rent, which is somewhat unheard of around here. After the war, the economy was based on owning your own home. I made a few stupid choices when I was in my 20s, and I’m paying for them now by renting. The prices of homes are skyrocketing, so that every time I save some money, the prices increase and I have to save more to get a loan. Tough luck, but that’s the way it is. I do not want to get a side hustle just to kill my self getting enough money to buy my home.
I’m curious about how different Gen Z is from Millennials here, because everyone in my age range that I know seems to share this sentiment with them?
I feel like millennials have a “It is what it is, guess ill work til I die” attitude whereas Gen Z have more of a Bartleby the Scrivener “I’d rather not” energy.
Gen x here and we seen it coming as well but no options for us at the time. I don’t blame any of you. Corporate greed and the great 401k lie is bullshit. They want us to work till we’re dead. Screw them.
The great 401k lie?
Can’t speak for OP, but I don’t look at the 401k as a stable retirement vehicle. It’s a vehicle to pump “dumb money” (read: casino chips) into the stock market. If the stock market downturns just before you retire, if the firm managing your 401k makes bad investments, if another 2008-style real estate collapse happens, your retirement fund suddenly has less money in it than you hoped, so you’re gonna have to work longer.
if the firm managing your 401k makes a bad investment
The administrator of your accounts has zero control over most of the funds available in them, their rise or fall, and your funds are separate from any investments that financial institution may or may not have made.
If you have a 401k with fidelity, or ADP or Schwab or Trowe Price or whoever, some of those are banks, soke finance companies, some payroll, anyway, the point is for each, the money in your account is yours to allot and invest as you wish based on yhe invesrment options your company chose or negotiating with them to administer your company’s plan. The admin makes money by admin fees, not by taking your money and reinvesting it in something you don’t know about. Granted, yes if there is a stock market crash, most financial companies will similarly overall struggle, but they have lots of arms and operations (mortgage loans, commercial, consumer banking, investment banking, etc.) and they are 100% all disconnected from the money in your 401k.
That said, 401ks are awful and a sham that were pushed on an uninformed public and we’ve only just begun to see the effects as the first generation reaches end of work age…and can’t stop working. It’ll continue. Props to anyone fighting and organizing against it or trying to avoid as much as possible. System fully bought and broken by greed.
What’s the point of your first two paragraphs? The person you responded to is 100% right. The point is to pump money in to the fuckin stock market so the wealthiest people can profit off that “investment”
The point was is the plan administrator has no control over whether the value of his account goes up and down, which Op said they did. I agree with everything else Op said but think it’s important since most people don’t understand the mechanics to learn about them so added the correct info.
When the plan administrator is picking the stocks in their “Target Retirement 2055” account, I’d say they have a large amount of control.
Now the S&P 500? Probably no control. But is it truly the S&P 500 or some bull shirt index fund from the 401k provider that’s not 100% following the S&P 500?
Thanks for the informed take.
the money in your account is yours to allot and invest as you wish
While true, I’m not an investor, I’m a software engineer. I don’t know good investments from bad, so if I tried to invest myself as an uninformed person, odds are good I will lose a lot of money very quickly. And becoming an informed investor is a lot of time and effort I don’t have. I rely on the managed plan because I know there are professionals handling it.
based on the investment options your company chose or negotiating with them to administer your company’s plan.
My employer actually switched our 401k’s from ML to John Hancock. I had no say in this, I don’t know if JH is more or less competent as a firm than ML. So if I have fewer choices because I don’t know how to invest and would prefer someone to manage it, I have even fewer choices because I don’t even get to choose who manages it.
That said, 401ks are awful and a sham that were pushed on an uninformed public
This is where we most agree. Most people don’t know how to invest, so they either let the retirement funds handle it, or they try it themselves. If they try it themselves, they either have to learn how to invest, or they have to get lucky. If the funds handle it, they can be lured in by “stable, lucrative” investments that turn out to be bad, like Mortgage-Backed Securities. Even informed investors can lose money. No matter which path we follow, it all becomes gambling in the end. It’s unacceptable that retirement funds are treated as such.
The 401k replaced the pension. It used to be that a company would pay for your retirement, now you pay for your own by being forced to pay into the stock market, and it doesn’t go nearly as far as the pensions used to. People are working well into their 60s or older, because 401k’s often don’t pay out enough to live on. It’s another way that companies have figured out to avoid having to pay their employees while pumping up the value of the stock market at the same time.
In the late 80s and early 90s, all the badly managed companies went bankrupt and convinced business friendly judges to delete pensions, too expensive, you see. This left a lot of boomers and their parents with nothing all of a sudden.
The 401k problem is that you are now responsible for managing things and all the liability that brings. Pensions were managed by professionals.
As a millennial: I think it’s the dichotomy between “I play the game even though I hate it because it genuinely feels like the only viable option to have a remotely satisfying life” and “fuck the game”.
As an older Gen Z I concur. Even those of us who aren’t completely fucked are extremely anti-corporate with little loyalty to any job. There’s a guy named Jordan Howlett who I feel sums up the average Gen Z attitude towards all the bullshit in the world really well.
Don’t get me wrong I still work hard and try to do well at my job, but the second I hit my time for the day I’m gone. Work is strictly transactional. No one expects their employer to give them money for time they didn’t work, so I ain’t about to give my employer time for money they didn’t give me. They’ll also fire my ass the second they need a stock bump, so I’ll be damned if I’m gonna stick around if I find something better.
I’m a millennial too, and I see some of this but it only seems to be some industries. I’m a programmer and my coworkers are like 90% about “the grindset”, but people I meet who are in health and wellness are 90% the other way. I also feel like cities and large metros tend to be more focused on work, and less urban areas are more focused on living.
I would say a lot of millenials are this way too, and it’s not fair to say it’s just a gem z thing, but it’s far from the majority… At least around me. There seem to at least be pockets of it, but overall I feel like it’s closer to 20%.
With gen z, I feel like the people are way more heavily skewed the other way. I’ve had gen z general contractors and such just cut the bullshit, tell it like it is, and show that they value ME more than THEIR BOSS. It seems much more universal in their generation.
But that’s just my experience. I dunno which is more universal.
So you’re saying that Gen Z just lay the truth out and finish their statement with “no cap”?
Actually the biggest difference I’ve seen isn’t in effort but ability. I work with everyone from Boomers to Gen Z and by far my Gen Z coworkers have the hardest time with being given a general task and completing it without detailed instructions. Even with detailed instructions, I often have to repeat the instructions due to mistakes and check my younger colleagues’ work more closely.
I think this is, in part, because Gen Z grew up with things that just worked or that they needed to go to a third party to fix if there were issues. Boomers fixed their own cars and did a lot of DIY home repair, Gen X and Millenials both learned to navigate computers and the internet before there were any real instructional guides or helpful UIs. Shit, we used to program games on our calculators for fun. I think many in Gen Z just never had that because many of those DIY elements require proprietary tools now. A smartphone just works and is designed to be so intuitive a baby can figure it out. It’s not their fault, but it does mean that some critical thinking skills are absent because they’re used to outsourcing the solutions to those problems.
But, again, I have never perceived that they’re not hard workers. On the contrary, I’d argue my Gen Z coworkers, when they’re on their game, are way more efficient than everyone else and definitely work smarter, not harder, which I try to learn from them.
I manage teams at a university. Gen Z types tend to be very motivated but won’t easily do useless busy work just cuz you think they should. You need to motivate them. That’s the boss’ job, though.
The real problem was the previous generations who happily devoted themselves to their bosses getting richer.
That’s pretty true of every generation. If you give anyone a seemingly boring task with no explanation why it matters, they’re going to suck at it. What I’m saying is I can’t give my Gen Z coworkers an open ended task without detailed instructions, even when I explain why it’s important.
Man, I barely graduated from high school because I saw the entire thing as busy work.
My grade in any class was dependant on how much the tests were weighed versus any class or homework. Sleeping or reading through class was my usual.
Now that I’m older I see the value in building the discipline needed to do that sort of busy work because if I don’t my house falls apart and such, so there’s that.
I wish it didn’t take me so long to learn it though.
The other half that a lot of kids (me included when I was younger) miss is the stuff that seems useless is still building a base of knowledge and shaping how you think critically. Just knowing more stuff allows you to connect more things in your head, enabling you to problem solve in completely unrelated areas better. It’s not obvious how helpful that knowledge foundation is until you have more life experience.
And hey, at least you got the discipline now.
It’s a gradient.
Half of genx too but nobody ever mentions us.
I want to put the effort I give earning money to be put towards bettering my life. All my lemons are being juiced for someone else’s lemonade.
I agree. And I got extreme with it. because when it comes to making sure all the money we earn goes to ourselves and to our own betterment, the biggest obstacle in the way is the egregious cost of housing. In order to get on top of that hurdle, we either have to become part of the real estate industry, or entirely opt out of it. Well I entirely opted out of it.
VanLife. Yup I’ve been doing van life for the last 3 years. Complete with Solar panels, plumbing, climate control, bedroom, kitchen, storage space. I am in my van right now in one of my membership gym’s parking lot. Every dime I earn goes to me and to whatever I choose, NOT to the extortionate housing industry.
I’ve lost all trust in employers. From large corporations to non-profits to mom and pop to tech startups- I’ve been in it all and I learned businesses do 2 things to their employees:
- They lie to you
- They underpay you
I’m now freelance musician and teacher and I’m on track to make more than any employer paid me. I’m still in debt after having the rug pulled from under me from my last job, but I’m digging my way out on my own. I will never let one person be in control of my income ever again.
I’m now freelance musician and teacher and I’m on track to make more than any employer paid me.
That’s great! Is there some part of this that you think doesn’t fit into free market capitalism? Seems like you’re living the original american dream there.
Is there some part of this that you think doesn’t fit into free market capitalism?
This might be the most passive aggressive comment I’ve ever read.
The answer of course would be “not working for someone else.”
This you?No. There is a classy way to do it. I’m doing it the classy way.
Right. Which is why I found this photo:
Yeah no…So every communist either: !) Figures out how to not be a worker and then abandons the thought 2)Actually manages to be in the revolutionary council but may get assassinated later on 3)Never had any motivation at all, writes articles like this.
Bro, stop saying “communist” you are just embarrassing yourself.
Can I put forward a motion that we start treating this cringe McCarthist shit like the edgelord fodder it properly is and make those who use Communist scarecrows the laughingstock they deserve to be ? Like these idiots can’t grasp Market Socialism to save their life and are still high on gas lighting from the 1980’s.
I’m not American or a fan of market socialism, because I understand it perfectly well, not because of a lack of understanding. Socialism always leads to greater restrictions on the person, and you can’t deny that, your cronies literally advocate for it. Take socialized medicine, politicians immediately start passing laws and regulations to restrict your choices in order to keep costs down, and present it as ethical because “we’re all in this together”. Next thing you know, a workers compensation board has reached the level of petty that a carpenter can be fined for wearing a sleeveless shirt in July, a rule passed because of the risk of sunburn to the shoulder. I am not making this up, I was the carpenter.
Oh Baby cakes! I know socialism passes restrictions on people but are you seriously so petty that you blame workers protections nipping you for wearing a light shirt on sunny day as the height of your problems? Courting sunstroke on a worksite isn’t fucking smart.
And I am sorry but if your government is cutting costs to your healthcare you should probably organize because even a good system needs occasional correction. It’s a long fucking way from letting people be swamped with debt to keep their loved ones alive just a little bit longer. I know people in perpetual fear that a spate of unemployment will destroy their long term health because they can’t afford the insurance themselves. No system is perfect but you can whine about it not meeting your standards but private healthcare is only so great as you keep working. You get fucked up at work and all those “choices” you’re so proud of are just gone.
It was an example how fast they can start micromanaging the smallest details, and you knew that. You don’t think a government had time to make rules like that is an issue? You’re intentionally missing the point, they’ve done this to all aspects of society. I want the fucking guns back too, and any semblance of national pride. You organize anything effectively, the current federal government invokes the war measures act and rescinds it immediately as soon as the review process starts, because there was a glaring loophole left in the old legislation, that it doesn’t get reviewed to see if it was necessary, if they quit using the power in time. We literally have zero rights in Canada because of this
… The War Measures Act? The one that was repealed in like the 80’s?
Wait, are you griping about the Emergencies act? The one that requires the sign off of two levels of democraticly elected government Provincial and Federal and a full independantly run inquest every time it is enacted? Ohhhh you’re a Convoy cocksucker! It all makes sense now.
There are exactly two places in the world out of the host of existing democracies that have a constitutional right to firearms with zero public safety checks requiring limitations like licencing and and if you like the US or Guatemala’s gun policy and private healthcare system that much you can just move there instead of ruining this country by trying to turn us into America’s mini-me.
And really? No protections? You really REALLY don’t understand Canadian law at all do you? You know… You could actually read the results of the inquest right? It’s been out for a year.https://web.archive.org/web/20230217232958/https://publicorderemergencycommission.ca/final-report/
Or maybe you just think even the most soft touch of the protective measures a government makes to protect the welfare of the people and infrastructure key to it’s it’s ability to operate is too harsh ? No wonder you’re so upset, you just can’t handle a democratically elected body telling you that you can’t do absolutely anything you want because you are an entitled whiny baby. Grow up.
So you don’t remember the government claiming it needed a 30 day extension and then suddenly deciding it didn’t need it at all, when the Senate made it clear they were actually going to review whether it was needed? That the two levels you’re talking about? Cause they dodged that you authoritarian clown.
America isn’t a country, it’s just a business. That business minded model for society has drained all decency out of it. The US is a kleptocratic, psychopathic, oligarchy that has rotted out the brains of formerly decent people who have become the monsters we all see in stories like these. It will take multiple generations to fix this, if that is even possible.
America isn’t a country, it’s just a business
It’s three businesses in a country sized trench coat.
Your
brainwashedmesmerized grandparents and their lazy non-voting baby boomer children let Reagan through the door in no uncertain terms, and in that environment the 80s “hostile corporate takeover” and junk bonds fever set in; with bottomless greed as the virus, which like herpes, seems to stick around forever.EDIT: a word
Lazy voters stayed home and let Trump in. (With a strong assist from the Democratic party.). That’s not what happened with Reagan. Reagan had incredibly broad popular support. I don’t know if that’s more or less damning of American voters, but no amount of additional turnout would have saved Carter.
It’s not a psychopath. It’s a sociopath.
It’s both.
Most CEOs match all the criteria for psychopathy or sociopathy
Clearly more than the average, but not “most”. Last I remember the figure was something like 12%.
In a small company it sure makes a difference if your senior management are sociopaths, but if the company is large enough that you’ll never see the CEO I’m not sure what difference does it make that he doesn’t care about you personally.
those 12% are loud tho, and tend to shift the “company-overton-window” :-(
You’re just wrong. Psychopath is just a less skilled version of the same damn thing. They don’t make it CEO’s except that rare instance of inheriting the wealth. Then, sure, we get a great example of it like Elon. But then they’re just that.
As a diagnosed sociopath you have it completely backwards.
You would say so wouldn’t you?
“Many of us built, whether it’s bought homes or whatever, based on this promise of stability,” Jesuthasan said. “There was this expectation that the tail was bigger. And we took on liabilities and obligations early on because of that tail. I think this generation has seen that tail dissipate.”
In other words, when millennials did what their parents did and assumed if they worked hard they’d get to live a decent life. Then they got fucked by companies whose priorities became getting as much out of their employees as possible while investing in those employees as little as possible.
As a millennial, I hated the idea of debt. As a result, I’ve had no debt beyond college loans despite being able to afford a lower middle class lifestyle. It took me never living alone (roommates, SOs) but I did it. The education was bullshit and the loans were obscene but I got a piece of paper that helped me keep my job. After working in the public sector for 20+ years I actually had my loans forgiven… and now rent is going through the roof to compensate. Still, I might actually own a home before I’m 50, assuming current and future landlords don’t decide to take me for all I’m worth.
When I finally own a home, I’m sure it’ll get washed away by the thirteenth “century flood” that year or some other bullshit thanks to climate change. So fucking glad I decided not to have kids. Fuck this world.
If it makes you feel any better, the rent was going to skyrocket regardless of the loan forgiveness. That’s just the generations before us people trying to make sure they get to the top so they can pull the ladder up behind them.
We have no loan forgiveness here in Canada and rent is still going up faster than anyone can afford. It doesn’t help that all of the politicians are landlords.
I just saw the other month that only like 46% of Millennials own a house, compared to the 65% average of other generations. And of those who don’t, 52% of them aren’t saving for a down payment, often because of how shitty wages and even finding a job are. On top of that, only 20% of houses are currently affordable for the average American worker, down from 60% in 2016. And people wonder why we have no faith in the system.
Gen Z saw what happened to Gen X and to us Millennials, and don’t expect it to get any better for them either.
My only hope for owning a home is my parents dying at this point
A perfect example of why is, my dad used to work at Boeing, made $30/hr in the 90s
I have a friend (of my generation) who also signed on at Boeing, they’re paying him $26/hr, 30 years later
That extra $4 pays for the CEO’s superyacht.
It pays for the amazing views out the side of your depressurized 737, those don’t come cheap you know
Millennial here. I was talking to my mom about this recently. We worked out the math of what I earn vs my dad at my age. Then we looked at what I laid for my house vs what they paid for theirs. For context, my parents still live in the same house I grew up in, and my house is in the same neighborhood and roughly the same size.
Their house in 1983 dollars would be about $165k today. My house was $275k in 2019, and that was well below most reasonable comps at the time. Now it’s supposedly worth $400k. At least that’s what my taxes and insurance are based on.
My dad had a solid white collar job. Not c suite, but firmly middle class at the time. I’m finally in a similar position after the 2008 and 2020 bullshit.
His salary when he was about 40 would be $140k in today dollars. I earn nowhere near that and have way more house debt.
Putting it in those terms was really eye opening for both of us. Most of my friends don’t have kids and don’t own a house. Shit, some still even live at home with their parents. We’re definitely not doing better than our baby boomer parents. The American dream died a generation or two before mine.
That sounds like a horrible Kafkaesque nightmare. I fear my country is heading in the same direction. I’m saddened that it got so bad in the US, and that the “obvious steps in the right direction” were simply voted against. I’m reminded of the Community episode where they explore the alternative realities. We’re in the “Bernie lost to HIllary” one. Before that happened, I told a friend “Well… if Bernie loses, it’s all going to shit”. Sucks to have been right, although it started some time ago with Reagan gutting the middle class.
We either figure out how to redistribute wealth in the society in the next 30 years, or… “going to shit” will be the least of our problems.
Meanwhile, celebrities including Whoopi Goldberg have dismissed their economic struggles. She said they couldn’t afford to buy a house because they’re lazy and “only want to work four hours” a day.
Is every single host of The View a giant piece of shit, or what? We saw this exact same bullshit just the other day from one of the other ones. They should change the name to The Karen.
The problem, or at least one of them, is that those words resonate so well with her viewers. I am not excusing her, but if she did not say them then someone else would - so yeah it’s more the game than the playa.
People in Gen-Z just don’t work hard as often. Ofc there are reasons: why should they, when their work isn’t valued/rewarded properly? So then to the self-ish/-centered crowd, all they see is that they get served less well by their Gen-Z
slavesworkers than the Millennials who put in more of an effort, but rather than take ownership of that and like go somewhere else that pays their workers better, they instead blame the victim. Like, “I paid a whole dollar for this burger - why aren’t you smiling at me harder as you walk out in the rain to hand-deliver it to me?”Like if you have to live with your parents or roommates anyway, and have little to no hope of ever owning your own home, or possibly even car, and also can’t afford health insurance, to get married, and after over-turning of Roe v. Wade to have sex (even if you were married), etc. then why should you work more than the bare minimum to survive?
If you kick a dog often enough, it stops being happy to see you.:-( Boomers solution: it must need to be kicked harder, until it complies and wags its tail enthusiastically whenever you come home. I am sorry if it breaks your heart to read that sentence… but fwiw, at least it proves you have one:-).
People in Gen-Z just don’t work hard as often.
Is that really true though? I’m Gen-X and they said the same thing about us, and then the Millennials, and now the current gen. I think quit quitting is largely a myth and plenty of GenZ are working their asses off. They’re not getting the same rewards. But I can also understand if some them do choose to opt out. But the fact that they can’t afford to buy homes is not proof that they are lazy.
That cycle will continue until we’re extinct, because almost without exception, we conflate generations with age ranges… so every generation will think the one behind it is lazy because they judge that next generation when it’s made up of a bunch of kids.
And no shit, kids aren’t great workers :shockedpikachu:
The kids grow up, but the reputation lingers… until the next batch of kids enters the stage, and wouldn’t ya know it, them kids are absolutely shit workers! :shockedpikachu:
Rinse and repeat until the oxygen concentration in our atmosphere is no longer sufficient to support human life… so… couple more decades? /shrug
That’s a good point but… I honestly do not know. We used to have access to “reporting” that would tell us “facts”, but now everything is commercialized to sell us whatever story seems most appealing to us (positively or negatively, whatever you will click on really: sex sells, fear even better, anger best of all) - so I’m sure you can find reports on all possible sides telling different stories, all with short-changed selections of facts and virtually no analysis to speak of. Unless a highly-trusted source chooses to take on a precise topic and you happen to have consumed it already (and remember it), you are basically SOL. Like, how do people even buy things anymore, either online or in physical stores, except by just gambling and hoping for the best from a purchase? Clothes just flat disintegrate, … okay, I better keep focus here:-).
I tend to think that Gen-Z likely do work less hard - as a trend if not individually ofc - b/c of the reasons behind it, after all why would they work equally as hard, when they are being offered a fraction of the compensation? BTW I never said that they were lazy, and I tried to go to some trouble to explain why it is understandable how they are reacting - e.g. in the kick the dog example, it’s not the dog’s fault for not liking the master that kicked it so very, very often?
As one example, something that enticed previous generations to work hard was to own a home. But now, if that is off the table… (or maybe, if they think it is? I’m not certain of this aspect) then they don’t need to work as hard, to own something that they can never own anyway?
Another thing that enticed previous generations to work hard for was to get a college degree. But now, with that costing >5x as much, and it being worth sth like 1/10th of what it was to previous generations (where are these magical “jobs” that offer things like “benefits” - and “stability” and “pensions” are pretty much flat gone, as too are the social security along with medicare/medicaid safety nets, etc.), plus colleges themselves are fairly predatory, many just don’t bother. But there’s a whole spectrum here: if they do go, they often don’t work hard in them - not that colleges demand that anymore, b/c again, they are predatory, and their purpose is to pump either the kids or their parents (or loans, whoever signed them) for as much money as they can get out of them, which doesn’t happen if they flunk out too awfully early…
Still another thing used to be to get married, have kids, and independent of whether owning a home or not, to raise a family. This we can directly measure: isn’t Gen-Z doing much less of any of this?
Boomers worked hard b/c they saw value ahead in doing so. Gen-Z is getting their quality of life now, while the getting is good, b/c that is all that is left for them to be able to do.:-( No matter our age, we will all die sooner, and in much greater levels of pain and misery (if only second-hand by hearing stories of the exploitation going on around us) than our parents’ generation - the Republicans have already seen to that and will most definitely continue to push much harder on that front still. :-(
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Precisely my point. Like when you kick a dog, why would it say “thank you”, or “please sir, but could you kick me again some more, and this time harder”? THAT WOULD NOT HAPPEN!
The younger generations have given up, hence they do not work as hard, but it wasn’t their choice - they simply reacted to what was offered them. From a pure game-theoretical standpoint even, it is the right call to maximize gains and minimize losses, given the rules under which they are “playing”.
But the people blaming the younger generations… it is like blaming that dog, rather than the one who kicked it - it makes no sense?
The cost of living crisis in western countries at the moment feels like a stand off between boomers and gen Z over exactly this. One one hand you have the boomers expecting the same service and quality while paying less and less, on the other you have gen Z who refuse to do it for the pittance. So the cost of living is now skyrocketing in an attempt to strong-arm gen Z into compliance.
I understand that it looks that way from the outside, but that is far too simplistic - i.e., correlation is not causation, especially where the latter is already known. What is CAUSING so much pain right now is corporate greed, and what ALLOWS that is primarily voting Democrat vs. Republican, with the heaviest voting block being evangelical Christian vs. not. A complicating factor is that baby boomers are somewhat insulated from the worst effects, plus their retirement savings are often tied up into the stock market that is what rich people want to succeed, plus they don’t do themselves much credit by being remarkably unsympathetic to the plight of how the younger generations are being sold into corporate near-slavery, plus on top of it all they do trend more towards voting conservative to begin with, etc. But e.g. a young Republican does far more harm than an old Democrat, i.e. age is one of the more minor correlating effects.
An illustration may help: right now if a 10-year old girl is raped by her very own father and gets pregnant, the primary discriminator of whether she will live or is consigned to have a VERY good chance of dying (in agony) is whether she lives in an area that votes primarily Democratic or one that votes primarily Republican. This is the stuff that is literally life and death.
Beyond that, the effects of inflation, the availability of jobs, whether the government of the state that you are in is bankrupt, and/or has any/no competent/sufficient firefighters/police/teachers/medical staff/etc. all correlate with Republican vs. Democrat. Look at COVID death rates to see which area is which, especially after the vaccine existed.
In short, there are two different Americas right now, one being mostly third-world (except still has internet and TV and cars and stuff, but I still would not call it second-world when the child mortality rate is somewhere between Rwanda and Uganda, and has been about that level for decades) and the other first-world. And they are tearing at each other, one being never happy with the way things are and wanting to go still further back in time, floating such thoughts as whether women should still be allowed to vote, plus literally calling for a “national divorce” (with prejudice - i.e. a literal, murderous, bloody Civil War part 2), and the other also wanting basically not that. So similar to Brexit, we are basically ready for Amexit? Except from ourselves. Which will affect the entire fucking world b/c if Biden loses and Trump comes in again, what are the chances that this time he discovers that he can control nukes?
Anyway, yes old people helped bring this about, but mostly by inaction and while I am not saying that mistakes were not made, I am saying that much of the media rhetoric about the generations being at each others’ throats is… if not entirely false, then at least mostly so. i.e., it is not old people attacking the younger ones, it is corporations attacking us all (but who would like it very much if we would simply pretend that they were not involved? thus they bought up all the media, and now good luck hearing a story that ever says that they are complicit in anything).
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They all belong to a specific economic class.
Money rots your brain.
Not gen z, but God bless 'em. I came to the same conclusion after the first round of layoffs at my first job. They laid off the experts because they had higher salaries and kept the lower paid, less skilled workers. It was completely absurd. Then it happened again, and again. Why would I ever expect my work to treat me with any loyalty or concern when no employer has even shown me or mine any?
Companies were never loyal to worker not in 80s and not now. They are loyal to profit 😁
You mean they saw what happened to their parents.
Promise of what? I think the major change with millennials and gen z is that we see through the dogmatism that is corporate culture. Even if the promise was that of the “American dream” 50 years ago it’s quite clearly not worth it to sacrifice your youth and 1/3 of your life (another third being sleep) to afford to sit around in a house and squeeze in stagnant social obligations for the rest of your life.
Life is what you make of it, and familial loyalty to a company that doesn’t care about me just doesn’t cut it.
A corporate ‘promise’ is a verbal unenforceable contract. What do you even do with the promise of a habitual liar?
A house? In this economy?
A tent in the designated homelessness zone is more apt
A homeless zone? In this society?
Hmm yeah you’re right. I guess I will just scuttle around the sewers on all fours and eat trash
You can order pizza according to the cartoons I grew up watching. It didn’t ever cover how the teenage turtles and their rat mentor made money. Try to find a reporter in a jumpsuit she might be able to help.
Surely you overestimate their chances.
Too bad the Force isn’t with us.
Some of us gen x saw this in high school but were surrounded by angry boomers who treated us like we were idiots.
Then don’t work at a corporation. There are plenty of startups / small businesses out there who are in dire need of talented people.
Start ups are still corps bud.
The single most toxic place to work is a startup. The people who make it there tend to be entitled narcissists.
You get what you pay for, pay your employees shit and get shit. Completely remove all rewards for hard work and no ones going to be incentivized to do more than the bare minnimum.
At the last big boy firm I worked at, they set the metrics for getting a bonus so unrealistically high that it disincentived staff from even trying. It had a negative effect where everybody purposely did just enough to not get fired rather than killing themselves to come up short and get nothing.
They wanted something stupid like 2,500 billable hours which do not include meetings, continuing education, mandatory volunteer time, etc etc etc.
The biggest rock stars in the industry struggle to hit 2,000.
So we all dropped down to the 1,500 range because fuck that shit.
2500 / 40 = 62.5
They expected you to work an additional 10.5 weeks, and didn’t count half your duties? No wonder you guys didn’t even try.
What was their reaction the next period? Did they lower the goal or double down and keep it high?
It’s shocking how much bare minimum work happens, or how much tossing over the fence and “yeah we’re aware we’ll fix it later” style approaches happen at my job. We can’t hire the right level of expertise because we won’t pay for it. I’ve got a foot out the door and it really doesn’t matter where I go because it will be a raise for the same stupid kind of environment, but at least it’ll be a raise.
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“for more money than I need” - that’s the real trick, employers aren’t exactly looking to give people more money than they need, it’s sort of the exact opposite typically
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I’d say your doing better than many if you have surplus money! But to your point, I do agree slaving away all day to make someone else rich sucks
This is GenZ we’re talking about, I’m from a fairly LCOL area, so most people I know, don’t have many responsibilities and rent and food aren’t too high. So I don’t think for my situation it’s that uncommon.
Lol I’m just about to ask my boss about raises this year. Let’s see what happens… 100% of my pay is going into cost of living right now
Edit: no idea as she hasn’t heard anything from HR. lmao I doubt we’ll be seeing much of anything even though we increased profits by 4 million a year this year.
And yet most of us are making way less than we need
dem bosses tho
To add, what you need NOW is not what you need over your lifetime. Health insurance is needed regardless of your pay (outside most folks’ 20’s) and retirement savings are exactly what you don’t need now, but eventually will.
In GenZ?
I want to earn enough to live, and not work more than is required for that.
Management couldn’t fathom this at my first job. They’d tell us that everyone couldn’t be CEO but there were still great careers, and they didn’t understand when we asked about jobs where we wouldn’t climb the ladder necessarily, just do meaningful work.
I’m immediately click bait suspicious of any reporting that’s generation says this.
This generation says they’re not falling for your clickbait headlines!
Yeah and a “future-of-work expert”? 🤣
The internet is the reason they get to grow up with tons of details about how and why these promises are bullshit and vapor.
a future-of-work expert
Saw the writing on the wall and just invented a new job.
I wish I had that kind of foresight
“Robots are taking our jerbs”
