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It's interesting to look how conservatives were back then, vs. now. It's said Eisenhower were alive today, he wouldn't even recognize the GOP.
If John F. Kennedy were alive today, he wouldn't recognize the Democrats.
Both parties have problems.
I don't think we need socialism. I think we need actual capitalism and not corporatism. Chile came back from the dead after General Augusto Pinochet implemented pure capitalism influenced by Milton Friedman.
Corporatism or crony capitalism instead of actual capitalism has destroyed Millennials worse than any other generation in the history of the United States. Millennials confuse actual capitalism with garbage crony capitalism/corporatism. Two epic failures in 13 years is unacceptable. Gen X got the benefit of graduating into the dot com boom of the 90s. The Boomers got the whole 1983-1999 era. The Millennials got a pile of dog poo.
Im pretty sure there will be plenty of jobs, both created as well as through attrition. Not only are some of us retiring within the next year, but a lot of people that succumbed to COVID 19 were also working before the virus hit.
We have realized the folly of having all our (manufacturing) eggs in one global basket, and could easily see a resurgence of 'Made in the USA'. Humans also have the attention span of a May fly so that might easily be forgotten in a year or so, but its still a possibility - at least for PPE and other crisis necessities.
There will be new openings everywhere, and especially in healthcare.
Be smart. There are certain things people need no matter what happens. They may not need a restaurant, but they will need food. They may not need a hotel, but they will need shelter. They may not need insurance policies, but they will need healthcare. And, so on...
Your best bet is to make yourself adaptable to any situation, and choose fields you know will always have a value.
Where did you come up with this?
COVID is hitting the elderly, already sick, and those in group settings like prisons and nursing homes very hard. These people are largely out of the labor force.
Non-COVID healthcare has been effectively shut down. Things are only starting to come back online in some states. Revenue is in the toilet.
Gen X has very little to complain about, as compared to Millennials. A lot of Gen X was graduating into the dot com boom economies of the 1990s. Millennials who graduated at some point in the 2000s often wish we were a part of the Class of 1996.
Though the dot com boom was a pretty regional thing, a lot of the country was in the doldrums during that time frame and not everyone graduating can up and move to California/Seattle/metro NYC. (We actually thought about it when we were stuck in Tennessee but we wanted stability and so much of the first WWW wave with people saying 'profits don't matter' for companies like pets.com scared us off from making the jump)
Quote:
Originally Posted by mingna
Many GenX entered the property ladder at or near the top of the housing bubble peak, when they bought their first homes around 2005-2006, only to find themselves financially decimated when it burst shortly thereafter. In some markets today, it has barely recovered from the peak prices they paid, when adjusted for inflation.
Again, it's a regional thing. The places we lived in the 90s, rents were cheap enough it was easy to save up for a down payment on a house that was everything we wanted (decent size, good location, safe and good school district, etc) that ran $129K. House has been paid off for years and is still worth far more than we paid for it- am seeing similar listings in my area for $325k+ despite the plague.
And this is an area where median household income is not anything special. I'm not sure how the 'kids' these days are able to get on the property ladder and have any quality of life left over once the bills are paid.
Many of the older generations know well enough that even if you do have gripes against millennials... keep them to yourselves. We're at the point where many millennials are in management. Saying things like "you guys have it so much easier now" during a job interview, from a boomer, to a millennial who would be your superior if you got hired, isn't making any good impressions.
It's interesting to look how conservatives were back then, vs. now. It's said Eisenhower were alive today, he wouldn't even recognize the GOP.
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My bet is, we won't outlast the Roman Empire. However, I'd be perfectly fine if I never get to see that proven right Given how things are though, I hardly doubt last 300 years, let alone 400.
The last job I would EVER take would be to have a millennial as my boss! I would seriously move on! They are being put in positions that they have no right being put into. Most don't know how to be a manager due to lack of experience. My current employer is great, but he has a son that will take over the company in about 5-10 years. When that happens, I'll probably leave too. His son calls me once in a great while to do a task for him because he has no clue and then I have to educate him on why it can't be done the way he wants it done for various reasons. Then he gets all huffy puffy. Sorry, not going to do crap wrong because you're clueless and think it's right. Go tell daddy, what ever. Just because Daddy is boss doesn't make you an expert in the field too.
On a side note, I do work with other millennials who are great workers and do there job well.
Home ownership can be over-rated, especially for millennials. Staying flexible and mobile allows a person to take the next career advancement anywhere. For me, and I imagine many other's in my age group (30-35 years old) the traditional measures of success and progression in life are simply unrealistic in today's market, even if they can be afforded. Marriage, children, home ownership, etc. There is nothing more I can add to the subject which has not been stated in this thread already. Millennial wage accumulation throughout their lifetime was expected to be significantly lower than even their Gen X counterparts. Now with this Covid mess, I don't see how we can ever expect to retire. I certainly don't.
I am part of the younger Gen X cohort, and the experience for my age group (mid 40's) was similar when we were in our early to mid 30s. Our parents' generation gave us so much crap for still being renters... bragging about how much their homes were worth WHILE simultaneously saying "I'd never pay that much for a house!" when we finally did scrape enough together to buy something. Called us "slackers" because they couldn't grasp that job-seeking and office culture had changed quite a bit since the days of yore, when a clean suit and firm handshake got them a corner office, a lake house, and an ulcer by their 30th birthday.
25% of the dead were under age 70, lots of folks working in their 50s and 60s - and we're not done with this yet. Meantime - you don't have to be dead to be out of the workforce. Thousands of folks are in the hospital right now - of working age - and they ain't coming back anytime soon.
Two once-per-century economic catastrophes within 12 years, this one being 100x worse than the last? Talk about bad luck.
Boomers were lucky they only had to endure comparatively "minor" recessions like the ones during the early 1980s and again during the early 1990s. For older boomers, the Carter years were rough but once again, nothing like this.
Would those have been the years entire industries shut down, never to reopen?
Welcome to what used to be the industrial Midwest. A Breaking Away/Slap Shot double feature actually does a good job of making you feel the decay of blue collar jobs n that region in the 1970s.
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Given how things are though, I hardly doubt last 300 years, let alone 400.
