No doubt things are different and more difficult than in other times, but I'm not sure that's what everyone is saying. Simply blaming it on elders, as some are content to do is a bit disingenuous and rather pointless.
Sure, one shouldn't generalize, or say things without adding the appropriate asterisks.......
But the decisions taken to boost labour force supply and weaken union legislation and empower manufacturer's to up and leave to lower cost jurisdictions were taken over a 4 decade or so period from about 1980, the onset of Reagan and Thatcher et al. Those decisions were taken, largely, by previous generations, not by people who are today under the age of 40, or even 50 (with the notable exception of our current PM who was under 50 when taking such decisions)
These are real and substantive choices from Temporary Foreign Workers, to Free Trade Deals, to failing to arrest the decline in private sector unions etc etc.
As well as those decision which led to too many people chasing too little housing.
While some of those choices may have been made in ignorance of the consequences, many, if not most, were made knowing exactly what they would do and who they would benefit, and who they would harm.
Those same governments largely broke the welfare state, EI went from 75% income replacement to 55%, and from a clear majority of the unemployed qualifying for benefits to less than 1/2. Welfare, in inflation adjusted dollars is a fraction
of what it was in the early 90s, meanwhile, public housing saw its wait list go from a year or so in the early 80s.......to more than 10 years today.
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I think the reaction here is to an older generation that found life considerably easier (for the majority, not all) looking down at younger folks and condescendingly implying they are lazy or stupid for not being able to get ahead.
I wonder if the people impacted by the Great Depression blamed it on their parents.
I imagine some did, and they probably should have, where those parents participated in blowing up the stock market to then unprecedented levels, taking on debts they couldn't afford etc.
Now, the Depression was compounded by a major drought in North America as well......... that one can't reasonably attribute to a previous generation.
People shouldn't throw an earlier generation under the bus for the impact of their own choices, but they can certainly ask any generation to wear the choices they made, that are impacting people today.
For sure, there are a lot of people hurting, but maybe impoverishing themselves for a BA in Victorian gender studies was bad planning.
Do you not think this is a pretty silly comment? Exactly how many people in North America do you think hold gender studies degrees?
There are lot of folks hurting who do not have any post-secondary education, who work retail and other front-line jobs, like security, office cleaner, janitor, hospital porter, cafeteria worker, line cook and so on.
There are also many people with degrees of varying utility, from Project Management to IT, to English, or History that are also suffering.
Fewer people with professional degrees are challenged, but even some of them are..........when there are Engineers (P. Eng) working, in Toronto for less than 80k a year........and those fresh out of school are struggling to get work in the field at all, you know there's a problem.
And when 80k a year can be a struggle. Yet full-time minimum wage is roughly 35k a year.............. that's another.
My math works out that in the GTA, if you didn't put anything away for retirement, if you had zero dependents, if you spent zero on dating/going out, on vacations/travel, and zero on clothing and furniture...... so you're entire budget was a 1brdm apartment, insurance, a bus pass with a small amount for uber-carshare as required, a cell phone, and home internet, plus groceries, that's it.........
You need 54k before taxes or about $27 per hour. Minimum wage is $17.20.
People need some clothes, shoes, winter gear, some social life and if they live in the cheaper burbs, a car.
On that note, my boomer generation should take a fair bit of blame for that by pushing kids towards obtaining general arts degrees that, in and of themselves, have proven to lead to very little. Other than doctors and lawyers, probably the most financially successful child of my circle is an electrician.
Sure, some people should absolutely have a more practical skill set. But lets be clear, most people struggling are working at or near full-time hours. But they are earning a wage that doesn't cover the basics, let alone the good life.
The recent construction slowdown has also, temporarily, left some of those trades short of work as well.
I'm also not saying that people can simply pick up a move. My point was towards those who simply refuse to consider it an option, whether for lifestyle, family, friends or whatever reason rather than taking every available opportunity. Even within the GTA, according to real estate boards, there are locations that are half the cost of Toronto.
If you don't own a large car/van/truck.............moving is not cheap, an upfront cost of $5k for the pros, or maybe $1,500 if you can rent a truck (if you drive), and get friends to help for beer and pizza.....
That doesn't count any costs for new curtains or the like.
The argument that millennials can't afford to take vacations might want to hang around Pearson before Christmas or at March break.
Again, no one is saying there are no millennials or young people taking vacations...........
That's too generalized.
Its simply to say, its less common, taken across a wide swath of people in that age group than it was for their parents.