I was just talking about this subject with
@Joleneakamama the other day. While the economy is not optimal, I don't buy it that millennials and gen zers have it so much harder than previous generations.
The article begins "The younger generation (millennials), having long abandoned the dream of homeownership...finding jobs that barely cover essential living costs, such as food, rent, and insurance,".
According the the US Chamber of Commerce "65 percent of durable goods manufacturing jobs unfilled.55 percent of leisure and hospitality jobs unfilled. 40 percent of wholesale and retail trade jobs unfilled- Even if every unemployed person with experience in the durable goods manufacturing industry were employed, the industry would fill roughly a third of the vacant jobs,".
https://www.prtstaffing.com/news/blue-collar-worker-shortage-remains-despite-white-collar-layoffs
Zero hedge continues "One Gen-Zer, living out of his car and working random gig jobs from town to town said this option allows him to 'live rent-free' and travel the country". This statement reveals the young mans true motivation is to work as little as possible and travel the country.
That is his decision, and many young people throughout previous generations decided to hitchhike, train hop, live in their cars ect. This is not new, it is a choice, it isn't a systematic tearing down of a gen zer or millennial of ever owning a home. Older generations of homeowners worked their asses off.
Back to the PRT Staffing article, “What’s interesting is that this does seem to be the start of a “white-collar recession...It’s been really painful because the Baby Boomers have started retiring out of the blue-collar workforce. We as a society have been preaching college for the last three generations, and these trades have been suffering.”
There are jobs, but the younger generations do not want them. They do not want to budget, or be accountable and responsible. They do not want to work the blue collar jobs that turn the physical gears of a functioning society. Raised with participation trophies, no physical chores, then allowed into big business colleges with lowered standards, and the pandemic online work standard, culminated into every millennial and gen zer's expections of work to be...easy.
So for the time being do I worry that gen zers want to live in their cars and run away, until they land a zoom meeting "job", no. I worry about how the lag in passing the baton on the real jobs is going to hit us. I worry about the gen zer's Grandpa who's still working in construction, or agriculture, the power sector etc. with his aging aching body. Maybe when grandpa dies gen zer will get "their" house. Will their house have running water, electricity and a fridge with food, or will our unmaintained infrastructure, undermanned food systems and overregulated energy sectors reach a breaking point?