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Dave's avatar

Gen X got hit by all this as well, but not nearly as badly as Gen Z. In the 90's, when Gen X was entering the workforce, governments were preferentially hiring minorities and women. I have a friend who wanted to be a cop, but he couldn't get admitted because they weren't hiring white men at the time. He eventually ended up in other aspects of enforcement, but not what he wanted. I can think of many people in my generation that have similar stories.

But it's definitely worse today.

The lack of economic opportunity is another parallel for Gen X. In the early 90's, corporate america was in downsizing and cost cutting mode. There was a period of time where university graduates had a hard time finding jobs after university. The term Gen X comes from a novel written by Douglas Copeland called Gen X. I know lots of people in my generation who didn't find their first 'career' job until their mid 30's.

The life solution that many took was to work very hard once you finally got your foot in the door. When those people finally got the jobs they wanted, they tended to do very well because they were motivated. That's one tool for Gen Z, which I can appreciate is hard to accept because work culture is more cynical towards the employer.

Another trend with Gen X was to go out on their own and start businesses. Gen X was a historically entrepreneurial generation. I think Gen Z will follow that route as well.

I think being mobile and going to where you are treated best is a good idea. However, I would modify that advice to be go to where you are going to do best. Moving to Thailand to live off $1,500 a month isn't necessarily better than moving to a better place within America. Most people want to live in a small number of expensive cities. Fewer people are willing to grow roots in secondary cities or rural areas. While salaries might be lower in those areas, disposal income can end up being higher.

B Squared's avatar

This was a really good read. RP awareness has drifted so far from where we were 10 years ago; it’s become almost commercialized, watered down, misrepresented, and misguided. My hope is that the 20-30 year old guys can stumble into the wisdom of what you just wrote, and iterate until something stabilizes on top of the foundation that you and others built.

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