The vibe shift, end of "wokeness"?

[brihard]

Except Millenials are in their late 30s/early 40s and are now the ones doing the interviewing.

I!’s like a couple generations ahead of us have forgotten that we’re getting older too.

 

[Halifax Tar]

THE Millennial Job Interview​

Thats from 8 years ago.

@Humphrey Bogart

 

[Remius]

Thats from 8 years ago.

@Humphrey Bogart

And hasn’t changed much since. Bellyaching about Millenials is still a thing, I maintain that they are the most screwed over generation right now.

 

[Halifax Tar]

And hasn’t changed much since. Bellyaching about Millenials is still a thing, I maintain that they are the most screwed over generation right now.

I never said it wasn't.

Agreed. We have squandered our future on the generations in their twilight. Very short sighted.

 

[daftandbarmy]

Helen Andrews | Overcoming the Feminization of Culture | NatCon 5

Controversial? Oh hell yeah...

But the facial expressions on the guy behind the speaker are a good reason to watch this all the way through, if nothing else

 

[Colin Parkinson]

Meanwhile in the UK, people are turning the government tools against it

 

[brihard]

And hasn’t changed much since. Bellyaching about Millenials is still a thing, I maintain that they are the most screwed over generation right now.

I don’t know… I’m an older millennial; at least many/most of us were hitting the job market and building professional lives and finding homes a decade or two ago. Gen Z coming right up behind us have started hitting adulthood in the past decade, and economically speaking, as a generation, when we look at things like housing costs vs incomes, they’re pretty hooped. They make up the bulk of my classmates, and their experiences and perspectives when we talk life plans just hit different. My generation is already struggling with starting and growing families, and we have it comparatively easier.

 

[Furniture]

I don’t know… I’m an older millennial; at least many/most of us were hitting the job market and building professional lives and finding homes a decade or two ago. Gen Z coming right up behind us have started hitting adulthood in the past decade, and economically speaking, as a generation, when we look at things like housing costs vs incomes, they’re pretty hooped. They make up the bulk of my classmates, and their experiences and perspectives when we talk life plans just hit different. My generation is already struggling with starting and growing families, and we have it comparatively easier.

I suspect the type of millennial you are makes a difference. I was born in the early 80's in a rural area, so my experience is similar to yours/Gen X, but those born at the end of the generation likely are far more like the Gen Z than like us. I also suspect those are the millennials people are talking about when they complain about millennials, because people seem shocked when I tell them I'm a millennial, and it's been that way for more than a decade.

 

[IKnowNothing]

I suspect the type of millennial you are makes a difference. I was born in the early 80's in a rural area, so my experience is similar to yours/Gen X, but those born at the end of the generation likely are far more like the Gen Z than like us. I also suspect those are the millennials people are talking about when they complain about millennials, because people seem shocked when I tell them I'm a millennial, and it's been that way for more than a decade.

I don’t know… I’m an older millennial; at least many/most of us were hitting the job market and building professional lives and finding homes a decade or two ago. Gen Z coming right up behind us have started hitting adulthood in the past decade, and economically speaking, as a generation, when we look at things like housing costs vs incomes, they’re pretty hooped. They make up the bulk of my classmates, and their experiences and perspectives when we talk life plans just hit different. My generation is already struggling with starting and growing families, and we have it comparatively easier.

My observation is from my neck of rural SW Ontario is that the primary driver of current financial security (controlling for variables like generational wealth, extremely upper percentile incomes, etc) is the timing of entering the housing market, which is primarily driven by age, with secondary branch for having pursued university or any other form of early adult transience.

Breaksdown in to 3 main tranches-

• Entered Market Prior to 2017 - Barring major misfortune or mistake this group is fairly set (with appropriate spending/lifestyle decisions)
• Entered Market 2017-2019 - the run up started, the later in the period the worse the housing to income ratio, this tranche is largely stable but with tigher budgets
• Entered Market 2020 or later, or renting- to quote Brihard, largely hooped. A lot of housing insecurity, a mountain to climb to enter the market, and once in, largely house poor. Renting relationships extremely precarious leading to being locked into accommodations that might not suit desired stage of life.

 

[daftandbarmy]

My observation is from my neck of rural SW Ontario is that the primary driver of current financial security (controlling for variables like generational wealth, extremely upper percentile incomes, etc) is the timing of entering the housing market, which is primarily driven by age, with secondary branch for having pursued university or any other form of early adult transience.

Breaksdown in to 3 main tranches-

• Entered Market Prior to 2017 - Barring major misfortune or mistake this group is fairly set (with appropriate spending/lifestyle decisions)
• Entered Market 2017-2019 - the run up started, the later in the period the worse the housing to income ratio, this tranche is largely stable but with tigher budgets
• Entered Market 2020 or later, or renting- to quote Brihard, largely hooped. A lot of housing insecurity, a mountain to climb to enter the market, and once in, largely house poor. Renting relationships extremely precarious leading to being locked into accommodations that might not suit desired stage of life.

<remembers the recession of the early 80s when interest rates were 20% and there were zero jobs>


Prior to the 2007-09 recession, the 1981-82 recession was the worst economic downturn in the United States since the Great Depression. Indeed, the nearly 11 percent unemployment rate reached late in 1982 remains the apex of the post-World War II era (Federal Reserve Bank of St. Louis). Unemployment during the 1981-82 recession was widespread, but manufacturing, construction, and the auto industries were particularly affected. Although goods producers accounted for only 30 percent of total employment at the time, they suffered 90 percent of job losses in 1982. Three-fourths of all job losses in the goods-producing sector were in manufacturing, and the residential construction industry and auto manufacturers ended the year with 22 percent and 24 percent unemployment, respectively (Urquhart and Hewson 1983, 4-7).

Recession of 1981-82

Lasting from July 1981 to November 1982, this economic downturn was triggered by tight monetary policy in an effort to fight mounting inflation.

www.federalreservehistory.org

 

[Kirkhill]

I got married in 1984. We moved to Calgary from Ontario in 1986 and bought our first house. We got lucky. My father died in 1983 at 56 and my mother died in 1985 at 55. Selling off their house in Peterborough supplied the downpayment for the mortgage on that first house.

Our neighbours across the way in our brand new subdivision included a lot of oil industry workers who bough after we did and sold up within months - some of them stripping out kitchen cabinets and lighy fixtures and hauling them back east in U-Hauls.

....

Key aspects of the NEP and its economic impact:

• Context: Introduced in October 1980 by the Liberal government, the NEP aimed to ensure Canadian energy self-sufficiency, increase Canadian ownership of oil companies, and redistribute oil wealth.
• Economic Impact: Critics argue the program, including a 25% "back-in" provision for the federal government on Crown lands, caused a massive outflow of investment dollars and an exodus of drilling rigs from Western Canada.
• Recession Drivers: The recession was driven by a combination of the NEP's taxes and a 50% drop in world oil prices by 1986.
• Lasting Legacy: The program created intense, long-lasting resentment in Western Canada towards the federal government, often characterized as a major factor in regional alienation.
• Dismantling: The Progressive Conservative government, led by Brian Mulroney, began dismantling the program in 1985 through the Western Accord.

While some analysts argue that the 1981-82 national recession and the global oil price collapse were more significant, the NEP is widely viewed as a major, self-inflicted economic blow to the Alberta economy during that era.

 

[JLB50]

And hasn’t changed much since. Bellyaching about Millenials is still a thing, I maintain that they are the most screwed over generation right now.

It seems like everybody’s getting screwed over for something or other. Maybe the Millenials should separate from the rest of Canadian society.

 

[IKnowNothing]

I don’t know… I’m an older millennial; at least many/most of us were hitting the job market and building professional lives and finding homes a decade or two ago. Gen Z coming right up behind us have started hitting adulthood in the past decade, and economically speaking, as a generation, when we look at things like housing costs vs incomes, they’re pretty hooped. They make up the bulk of my classmates, and their experiences and perspectives when we talk life plans just hit different. My generation is already struggling with starting and growing families, and we have it comparatively easier.

Quoting this again-

a lot of focus is (rightly) put on those just starting out, but I don't think enough time is spent considering how the same rapid run up completely distorted intra-millennial comparisons and introduced a significant source of societal friction and impotent frustration/rage. Z's can embrace the nihilistic reality that they're all screwed. Meanwhile large numbers of millennials are constantly faced with massive lifestyle and/or net worth gaps relative to their age and/or earnings peers.

The speed at which housing prices increased retroactively turned incremental life scheduling decisions and small speedbumps into a life altering financial hurdle.